2023-02-01 04629885 2024-05-31 04629885 2023-02-01 2024-05-31 04629885 2023-01-31 04629885 2022-02-01 2023-01-31 04629885 uk-core:WithinOneYear 2023-01-31 04629885 uk-core:WithinOneYear 2024-05-31 04629885 uk-core:ShareCapital 2024-05-31 04629885 uk-core:ShareCapital 2023-01-31 04629885 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 04629885 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 04629885 uk-bus:Director1 2023-02-01 2024-05-31 04629885 uk-bus:Director2 2023-02-01 2024-05-31 04629885 uk-core:ToolsEquipment 2023-02-01 2024-05-31 04629885 uk-core:OfficeEquipment 2023-02-01 2024-05-31 04629885 uk-core:MotorVehicles 2023-02-01 2024-05-31 04629885 uk-core:FurnitureFittings 2023-02-01 2024-05-31 04629885 uk-core:OfficeEquipment 2023-01-31 04629885 uk-core:FurnitureFittings 2023-01-31 04629885 uk-core:ToolsEquipment 2023-01-31 04629885 uk-core:ToolsEquipment 2024-05-31 04629885 uk-core:FurnitureFittings 2024-05-31 04629885 uk-core:OfficeEquipment 2024-05-31 iso4217:GBP xbrli:pure 04629885 uk-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-05-31 04629885 uk-bus:FRS102 2023-02-01 2024-05-31 04629885 uk-bus:FilletedAccounts 2023-02-01 2024-05-31 04629885 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-05-31
JB's Pitstop Limited
Registered Number:04629885
For the period 01 February 2023 to 31 May 2024
England and Wales
Unaudited Financial Statements
2
For the period 01 February 2023 to 31 May 2024
JB's Pitstop Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
04629885
As at 31 May 2024
JB's Pitstop Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
-
1,424
2
-
1,424
Current assets
Inventories
18,000
-
3
191,721
Cash and cash equivalents
72,879
72,879
209,721
Trade and other payables: amounts falling due within one year
(202,138)
(72,860)
4
7,583
19
Net current assets
Total assets less current liabilities
19
9,007
19
Net assets
9,007
Capital and reserves
Called up share capital
2
2
Retained earnings
17
9,005
19
9,007
Shareholders' funds
For the period 01 February 2023 to 31 May 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period 01 February 2023 to 31 May 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr J Bristow Director
Mrs L Bristow Director
These financial statements were approved and authorised for issue by the Board on 16 July 2024 and were signed by:
The notes form part of these financial statements
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4
For the period 01 February 2023 to 31 May 2024
JB's Pitstop Limited
Notes to the Financial Statements
Statutory Information
JB's Pitstop Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 04629885.
Principal place of business:
34 Seaview Gardens
Warden Bay
Sheerness
Kent
ME12 4NG
Registered address:
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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5
For the period 01 February 2023 to 31 May 2024
JB's Pitstop Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 February 2023
7,766
2,875
1,000
3,891
(2,875)
(1,000)
(3,891)
Disposals
(7,766)
At 31 May 2024
-
-
-
-
Provision for depreciation and impairment
At 01 February 2023
6,342
2,519
763
3,060
(6,342)
(2,519)
(763)
(3,060)
On disposal
At 31 May 2024
-
-
-
-
At 31 May 2024
Net book value
-
-
-
-
At 31 January 2023
831
237
356
1,424
3. Inventories
2023
2024
£
£
Stocks
-
18,000
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
7,159
10,657
Other creditors
65,701
191,481
72,860
202,138
5. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
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