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Registration number: 04553165

JWB Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2023

 

JWB Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

JWB Services Limited

Company Information

Director

Mr R Bloomfield

Registered office

Silver Rose
Unit 21 East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

Accountants

Paul Winston Limited
Chartered Accountants
Silver Rose Unit 21
East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

 

JWB Services Limited

(Registration number: 04553165)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

fixed assets

 

tangible assets

4

225,978

113,572

Current assets

 

Debtors

5

1,124,477

1,175,205

Cash at bank and in hand

 

205,244

193,350

 

1,329,721

1,368,555

Creditors: Amounts falling due within one year

6

(85,058)

(66,896)

Net current assets

 

1,244,663

1,301,659

Total assets less current liabilities

 

1,470,641

1,415,231

Provisions for liabilities

(123,260)

(69,277)

Net assets

 

1,347,381

1,345,954

capital and reserves

 

Called up share capital

7

400

400

Profit and loss account

1,346,981

1,345,554

Shareholders' funds

 

1,347,381

1,345,954

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 February 2024
 

.........................................
Mr R Bloomfield
Director

 

JWB Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Silver Rose
Unit 21 East Lodge Village
East Lodge Lane
Enfield
EN2 8AS
England

The principal place of business is:
Waterside House
Millmarsh Lane
Enfield
Middlesex
EN3 7DW

These financial statements were authorised for issue by the director on 7 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

JWB Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% net book value

Office equipment

33% net book value

Motor vehicles

25% net book value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

 

JWB Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2022 - 6).

 

JWB Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2022

92,575

204,068

296,643

Additions

127,650

52,745

180,395

At 30 April 2023

220,225

256,813

477,038

Depreciation

At 1 May 2022

62,094

120,977

183,071

Charge for the year

34,029

33,960

67,989

At 30 April 2023

96,123

154,937

251,060

Carrying amount

At 30 April 2023

124,102

101,876

225,978

At 30 April 2022

30,481

83,091

113,572

5

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

442,249

417,828

Amounts owed by related parties

9

633,532

734,731

Other debtors

 

48,696

22,646

   

1,124,477

1,175,205

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

trade creditors

 

76,529

27,728

Taxation and social security

 

7,676

10,124

Other creditors

 

853

29,044

 

85,058

66,896

 

JWB Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary R of £1 each

200

200

200

200

Ordinary W of £1 each

200

200

200

200

 

400

400

400

400

8

Dividends

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £750.00 (2022 - £Nil) per each Ordinary R

 

150,000

 

-

Interim dividend of £Nil per each Ordinary W

 

-

 

-

   

150,000

 

-

 

JWB Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

9

Related party transactions

 

JWB Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

12,081

9,442

Summary of transactions with parent

RB Utility Solutions Limited
 JWB Services Limited is a fully owned subsidiary of RB Utility Solutions Limited
 During the year the company paid £1,000,000 (2022 £500,000) in management fees, £108,000 (2022 £108,000) in rental income and £150,000 (2022 £nil) in dividends to RB Utility Solutions Limited.

At the balance sheet date the company was owed £598,532.05 (2022 £734,731.38) by RB Utility Solutions Limited