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REGISTERED NUMBER: SC506057 (Scotland)















Financial Statements for the Year Ended 31 May 2023

for

JB Tiles & Bathroom Solutions Limited

JB Tiles & Bathroom Solutions Limited (Registered number: SC506057)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JB Tiles & Bathroom Solutions Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: J Budge



SECRETARY: Mrs M Budge



REGISTERED OFFICE: 58 Henrietta Street
Wick
Caithness
KW1 4HE



REGISTERED NUMBER: SC506057 (Scotland)



ACCOUNTANTS: Reid & Fraser
Chartered Accountants
15 Princes Street
Thurso
Caithness
KW14 7BQ



BANKERS: Bank of Scotland
18 Bridge Street
Wick
Caithness
KW1 4NG

JB Tiles & Bathroom Solutions Limited (Registered number: SC506057)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 23,131 38,527

CURRENT ASSETS
Stocks 10,925 11,500
Debtors 5 33,715 24,733
Cash at bank 151,628 106,347
196,268 142,580
CREDITORS
Amounts falling due within one year 6 (50,725 ) (41,574 )
NET CURRENT ASSETS 145,543 101,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,674

139,533

PROVISIONS FOR LIABILITIES (4,395 ) (2,372 )
NET ASSETS 164,279 137,161

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 164,269 137,151
SHAREHOLDERS' FUNDS 164,279 137,161

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

JB Tiles & Bathroom Solutions Limited (Registered number: SC506057)

Balance Sheet - continued
31 May 2023


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 29 November 2023 and were signed by:





J Budge - Director


JB Tiles & Bathroom Solutions Limited (Registered number: SC506057)

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

1. STATUTORY INFORMATION

JB Tiles & Bathroom Solutions Limited is a private company, limited by shares , registered in Scotland. 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.

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 - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

JB Tiles & Bathroom Solutions Limited (Registered number: SC506057)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 6,390 74,578 4,450 85,418
Disposals - (12,444 ) - (12,444 )
At 31 May 2023 6,390 62,134 4,450 72,974
DEPRECIATION
At 1 June 2022 4,747 38,725 3,419 46,891
Charge for year 246 7,213 938 8,397
Eliminated on disposal - (5,445 ) - (5,445 )
At 31 May 2023 4,993 40,493 4,357 49,843
NET BOOK VALUE
At 31 May 2023 1,397 21,641 93 23,131
At 31 May 2022 1,643 35,853 1,031 38,527

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,667 2,633
Other debtors 2,048 22,100
33,715 24,733

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 16,645 13,599
Taxation and social security 26,096 437
Other creditors 7,984 27,538
50,725 41,574