Registered number
09582516
JB Locations Ltd
Unaudited Filleted Accounts
31 May 2024
JB Locations Ltd
Registered number: 09582516
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 402,281 449,654
Current assets
Debtors 4 86,554 121,304
Cash at bank and in hand 28,669 183,521
115,223 304,825
Creditors: amounts falling due within one year 5 (91,071) (153,433)
Net current assets 24,152 151,392
Total assets less current liabilities 426,433 601,046
Provisions for liabilities (76,434) (85,435)
Net assets 349,999 515,611
Capital and reserves
Called up share capital 2 2
Profit and loss account 349,997 515,609
Shareholder's funds 349,999 515,611
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
J S Hills
Director
Approved by the board on 26 July 2024
JB Locations Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Going concern
During the year under review the company's trading activities were adversely affected by industrial action in the film industry, which halted production for a large part of the year. This resulted in a decline in turnover and the company making an operating loss for the year.

Since the reporting the date, the company has enjoyed a strong order book as film production is now underway again in the UK. The company is enjoying positive cashflows and its director expects it to return to profitability before the next reporting date.

The company is able to pay its debts as they fall due. The going concern accounting convention has therefore been adopted.
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:
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 33% straight line
Motor vehicles 20% straight-line (or over the life of the hire purchase/finance lease agreement)
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 1,142,204 265,800 1,408,004
Additions 47,042 40,348 87,390
At 31 May 2024 1,189,246 306,148 1,495,394
Depreciation
At 1 June 2023 817,438 140,912 958,350
Charge for the year 67,609 67,154 134,763
At 31 May 2024 885,047 208,066 1,093,113
Net book value
At 31 May 2024 304,199 98,082 402,281
At 31 May 2023 324,766 124,888 449,654
4 Debtors 2024 2023
£ £
Trade debtors 67,917 121,304
Other debtors 18,637 -
86,554 121,304
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,098 -
Obligations under finance lease and hire purchase contracts - 1,965
Trade creditors 28,423 7,489
Taxation and social security costs 3,048 92,843
Other creditors 56,502 51,136
91,071 153,433
6 Contingent liabilities
Ben Patton holds a fixed and floating charge over the company's assets. This charge becomes enforceable if Hilltex Limited does not redeem loan notes due to Mr Patton. Hilltex Limited is currently repaying the loan notes as they fall due and it is anticipated that this will remain the case.
7 Controlling party
The company is controlled by Hilltex Limited (a company registered in England & Wales number 12488727). Its registered office address is c/o Accountancy Edge Limited, 12 Culm Close, Bideford, Devon, EX39 4AX.
8 Other information
JB Locations Ltd is a private company limited by shares and incorporated in England. Its registered office is:
c/o Accountancy Edge Limited
12 Culm Close
Bideford
Devon
EX39 4AX
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