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Company Registration No. 11826408 (England and Wales)
J & B Wholesale Ltd Unaudited accounts for the year ended 28 February 2023
J & B Wholesale Ltd Unaudited accounts Contents
Page
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J & B Wholesale Ltd Company Information for the year ended 28 February 2023
Directors
Mrs T Mowlam Mr M Mowlam Mr B McFarlane
Company Number
11826408 (England and Wales)
Registered Office
J & B WHOLESALE CLIFTON BUILDINGS AVENUE ROAD FRESHWATER ISLE OF WIGHT PO40 9UT UNITED KINGDOM
Accountants
J C Tax & Accounts Services Holmleigh Colwell Road Isle Of Wight Isle of Wight PO390AH
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J & B Wholesale Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,235 
27,408 
Current assets
Inventories
14,643 
11,715 
Debtors
42,670 
40,809 
Cash at bank and in hand
25,265 
23,283 
82,578 
75,807 
Creditors: amounts falling due within one year
(64,664)
(79,587)
Net current assets/(liabilities)
17,914 
(3,780)
Total assets less current liabilities
41,149 
23,628 
Creditors: amounts falling due after more than one year
(35,000)
- 
Net assets
6,149 
23,628 
Capital and reserves
Called up share capital
50 
50 
Profit and loss account
6,099 
23,578 
Shareholders' funds
6,149 
23,628 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by
Mr M Mowlam Director Company Registration No. 11826408
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J & B Wholesale Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
J & B Wholesale Ltd is a private company, limited by shares, registered in England and Wales, registration number 11826408. The registered office is J & B WHOLESALE CLIFTON BUILDINGS, AVENUE ROAD, FRESHWATER, ISLE OF WIGHT, PO40 9UT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% on a reducing balance basis
Motor vehicles
18% on a reducing balance basis
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
30,314 
9,808 
- 
40,122 
Additions
- 
- 
926 
926 
At 28 February 2023
30,314 
9,808 
926 
41,048 
Depreciation
At 1 March 2022
8,769 
3,945 
- 
12,714 
Charge for the year
3,878 
1,055 
166 
5,099 
At 28 February 2023
12,647 
5,000 
166 
17,813 
Net book value
At 28 February 2023
17,667 
4,808 
760 
23,235 
At 28 February 2022
21,545 
5,863 
- 
27,408 
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J & B Wholesale Ltd Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,983 
3,714 
Trade debtors
40,687 
37,095 
42,670 
40,809 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
11,257 
29,099 
Trade creditors
50,614 
47,230 
Taxes and social security
1,951 
3,988 
Loans from directors
842 
(730)
64,664 
79,587 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
35,000 
- 
8
Average number of employees
During the year the average number of employees was 13 (2022: 9).
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