Registered number
NI645033
JB Door Systems Ltd
Unaudited Filleted Accounts
for the year ended
30 April 2023
JB Door Systems Ltd
Registered number: NI645033
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 162,057 135,861
Current assets
Stocks 20,000 9,977
Debtors 4 366,462 384,323
Cash at bank and in hand 207,262 115,596
593,724 509,896
Creditors: amounts falling due within one year 5 (354,677) (299,096)
Net current assets 239,047 210,800
Total assets less current liabilities 401,104 346,661
Creditors: amounts falling due after more than one year 6 (25,000) (45,000)
Net assets 376,104 301,661
Capital and reserves
Called up share capital 99 99
Profit and loss account 376,005 301,562
Shareholders' funds 376,104 301,661
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J. McCormack Mrs H McCormack
Director Director
Approved by the board on 30 November 2023
JB Door Systems Ltd
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Long leasehold property 4% straight line
Plant and machinery 25% straight line
Fixtures and fittings 25% - 50% straight line
Equipment 33% - 50% straight line
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 13 13
3 Tangible fixed assets
Land and buildings Plant, machinery and office equipment Motor vehicles Total
£ £ £ £
Cost
At 1 May 2022 96,400 62,172 63,430 222,002
Additions 423 43,670 19,100 63,193
At 30 April 2023 96,823 105,842 82,530 285,195
Depreciation
At 1 May 2022 7,580 45,458 33,105 86,143
Charge for the year 3,873 20,766 12,356 36,995
At 30 April 2023 11,453 66,224 45,461 123,138
Net book value
At 30 April 2023 85,370 39,618 37,069 162,057
At 30 April 2022 88,820 16,714 30,325 135,859
4 Debtors 2023 2022
£ £
Trade debtors 187,038 195,973
Amounts due from Elluke Ltd 170,313 168,300
Other debtors 4,003 17,367
Prepayments and accrued income 5,108 2,683
366,462 384,323
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 12,565 8,319
Trade creditors 179,899 131,051
Taxation and social security costs 128,763 112,278
Directors loan accounts 7,179 21,364
Other creditors 21,202 21,015
Accruals and deferred income 5,069 5,069
354,677 299,096
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 25,000 45,000
7 Related party transactions
Elluke Ltd, a company under common ownership owed the company £170,313 at year end (2022: £168,300).

The company owed the directors £1,579 at year end (2022: £21,364).
8 Controlling party
Mr John McCormack and Mrs Helen McCormack are joint controlling parties by virtue of their equity in the company.
9 Other information
JB Door Systems Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
10b Dromona Road
Cullybackey
Ballymena
BT42 1NT
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