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REGISTERED NUMBER: SC368605 (Scotland)












Financial Statements for the Year Ended 31 October 2023

for

JHBB SERVICES LTD

JHBB SERVICES LTD (REGISTERED NUMBER: SC368605)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JHBB SERVICES LTD

Company Information
for the Year Ended 31 October 2023







DIRECTOR: B J Chalmers





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC368605 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

JHBB SERVICES LTD (REGISTERED NUMBER: SC368605)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,707 110,158
Investments 5 15,322 15,322
112,029 125,480

CURRENT ASSETS
Debtors 6 484 484
Cash at bank 12,952 23,816
13,436 24,300
CREDITORS
Amounts falling due within one year 7 3,783 16,513
NET CURRENT ASSETS 9,653 7,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,682

133,267

CREDITORS
Amounts falling due after more than one
year

8

(1,433

)

(3,141

)

PROVISIONS FOR LIABILITIES - (2,597 )
NET ASSETS 120,249 127,529

CAPITAL AND RESERVES
Called up share capital 37 37
Retained earnings 120,212 127,492
SHAREHOLDERS' FUNDS 120,249 127,529

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

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

JHBB SERVICES LTD (REGISTERED NUMBER: SC368605)

Balance Sheet - continued
31 October 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2024 and were signed by:





B J Chalmers - Director


JHBB SERVICES LTD (REGISTERED NUMBER: SC368605)

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

1. STATUTORY INFORMATION

JHBB Services Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 5% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

JHBB SERVICES LTD (REGISTERED NUMBER: SC368605)

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

2. ACCOUNTING POLICIES - continued

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 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 November 2022 93,310 3,500 1,013
Disposals - - -
At 31 October 2023 93,310 3,500 1,013
DEPRECIATION
At 1 November 2022 - 321 904
Charge for year - 175 27
Eliminated on disposal - - -
At 31 October 2023 - 496 931
NET BOOK VALUE
At 31 October 2023 93,310 3,004 82
At 31 October 2022 93,310 3,179 109

JHBB SERVICES LTD (REGISTERED NUMBER: SC368605)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 602 22,847 3,425 124,697
Disposals - (22,847 ) - (22,847 )
At 31 October 2023 602 - 3,425 101,850
DEPRECIATION
At 1 November 2022 538 9,702 3,074 14,539
Charge for year 16 - 88 306
Eliminated on disposal - (9,702 ) - (9,702 )
At 31 October 2023 554 - 3,162 5,143
NET BOOK VALUE
At 31 October 2023 48 - 263 96,707
At 31 October 2022 64 13,145 351 110,158

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022 22,847
Disposals (22,847 )
At 31 October 2023 -
DEPRECIATION
At 1 November 2022 9,702
Eliminated on disposal (9,702 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 13,145

JHBB SERVICES LTD (REGISTERED NUMBER: SC368605)

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

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Motorcycle investment 15,322 15,322

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 484 484

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 1,708 1,708
Taxation and social security 1,115 (3,270 )
Other creditors 960 18,075
3,783 16,513

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 1,433 3,141

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,760 were paid to the director .

The company was under the control of the director, B J Chalmers, throughout the current and previous year.

During the year the company repaid the director net amounts outstanding £7,589. As at 31 October 2022 included within other creditors is a balance outstanding due to the director of £16,762 (2021 - £9,173). No interest has been paid on this loan.