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REGISTERED NUMBER: 08586941 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

JBKB Solutions Limited

JBKB Solutions Limited (Registered number: 08586941)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JBKB Solutions Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J R Baybut





REGISTERED OFFICE: 35 Liverpool Road
Crosby
Liverpool
L23 5SD





REGISTERED NUMBER: 08586941 (England and Wales)






JBKB Solutions Limited (Registered number: 08586941)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,868 1,500
Investments 5 630,000 630,000
632,868 631,500

CURRENT ASSETS
Debtors 6 214,373 213,244
Cash at bank 6,754 52,224
221,127 265,468
CREDITORS
Amounts falling due within one year 7 108,258 279,213
NET CURRENT ASSETS/(LIABILITIES) 112,869 (13,745 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

745,737

617,755

CREDITORS
Amounts falling due after more than one
year

8

282,550

134,151
NET ASSETS 463,187 483,604

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 9 426,799 426,799
Retained earnings 36,387 56,804
463,187 483,604

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

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

JBKB Solutions Limited (Registered number: 08586941)

Balance Sheet - continued
31 December 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 14 March 2024 and were signed by:





J R Baybut - Director


JBKB Solutions Limited (Registered number: 08586941)

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

1. STATUTORY INFORMATION

JBKB Solutions Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

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.

Investments in subsidiaries
Investments in subsidiaries are initially recognised at cost and subsequently recognised at fair value. Any gains and losses are recognised in the income statement.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.


JBKB Solutions Limited (Registered number: 08586941)

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

2. ACCOUNTING POLICIES - continued
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 NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 2,000
Additions 1,868
At 31 December 2023 3,868
DEPRECIATION
At 1 January 2023 500
Charge for year 500
At 31 December 2023 1,000
NET BOOK VALUE
At 31 December 2023 2,868
At 31 December 2022 1,500

JBKB Solutions Limited (Registered number: 08586941)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 630,000
NET BOOK VALUE
At 31 December 2023 630,000
At 31 December 2022 630,000

Cost or valuation at 31 December 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2021 630
Cost 629,370
630,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 12,000
Amounts owed by participating interests 143,000 93,000
Other debtors 71,373 108,244
214,373 213,244

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to participating interests 27,394 113,510
Taxation and social security 1,704 7,265
Other creditors 79,160 158,438
108,258 279,213

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Amounts owed to participating interests 282,550 134,151

JBKB Solutions Limited (Registered number: 08586941)

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

9. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 426,799

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors at the balance sheet date was £49,969 (2022 £139,286) owing to the director, J R Baybut. The loan is interest free and repayable on demand.

11. RELATED PARTY DISCLOSURES

At 31 December 2023 the company owed £309,264 (2022 £247,661) to companies under common control, and was owed £93,000 (2022 £93,000) by companies under common control.