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REGISTERED NUMBER: 13717369 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

JB Automotive Services Ltd

JB Automotive Services Ltd (Registered number: 13717369)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JB Automotive Services Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J R Burgess





REGISTERED OFFICE: Bennett House
The Dean
Alresford
Hampshire
SO24 9BH





REGISTERED NUMBER: 13717369 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
Bennett House
The Dean
Alresford
Hampshire
SO24 9BH

JB Automotive Services Ltd (Registered number: 13717369)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,832 81,050

CURRENT ASSETS
Debtors 5 5,097 4,156
Cash at bank 67,929 36,313
73,026 40,469
CREDITORS
Amounts falling due within one year 6 107,419 112,498
NET CURRENT LIABILITIES (34,393 ) (72,029 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,439

9,021

PROVISIONS FOR LIABILITIES 7 14,381 14,172
NET ASSETS/(LIABILITIES) 12,058 (5,151 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 11,958 (5,251 )
SHAREHOLDERS' FUNDS 12,058 (5,151 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2023 and were signed by:



J R Burgess - Director


JB Automotive Services Ltd (Registered number: 13717369)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

JB Automotive Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The director considers the use of the going concern basis of accounting appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. The financial statements have therefore been prepared on a going concern basis. The director has confirmed that he will continue to support the company and will not recall his loan if it would render the company unable to pay its liabilities as they fall due.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance basis
Fixtures and fittings - 25% reducing balance basis
Motor vehicles - 25% reducing balance basis
Computer equipment - 25% reducing balance basis

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

JB Automotive Services Ltd (Registered number: 13717369)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 40,689 250 45,000 675 86,614
DEPRECIATION
At 1 April 2022 2,672 16 2,813 63 5,564
Charge for year 9,504 14 10,547 153 20,218
At 31 March 2023 12,176 30 13,360 216 25,782
NET BOOK VALUE
At 31 March 2023 28,513 220 31,640 459 60,832
At 31 March 2022 38,017 234 42,187 612 81,050

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,097 4,156

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 6,745
Trade creditors 292 1,180
Corporation tax 7,781 -
VAT 6,443 3,142
Directors' current accounts 91,953 100,531
Accrued expenses 950 900
107,419 112,498

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 14,381 15,400
Unrelieved trading losses - (1,228 )
14,381 14,172

Deferred
tax
£   
Balance at 1 April 2022 14,172
Accelerated capital allowances (1,019 )
Unrelieved trading losses 1,228
Balance at 31 March 2023 14,381

JB Automotive Services Ltd (Registered number: 13717369)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 were paid to the director .

J R Burgess
Director

At the balance sheet date £91,953 was due to J R Burgess (2022 - £100,530).