Registered Number:04629885 |
For the period 01 February 2023 to 31 May 2024
England and Wales
Unaudited Financial Statements
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
JB's Pitstop Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
-
1,424
2
-
1,424
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
2
2
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. |
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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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
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
The presentation currency is £ sterling. |
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
Computer equipment
Motor vehicles
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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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 |
7,766
2,875
1,000
3,891
(2,875)
(1,000)
(3,891)
(7,766)
-
-
-
-
Provision for depreciation and impairment |
6,342
2,519
763
3,060
(6,342)
(2,519)
(763)
(3,060)
-
-
-
-
-
-
-
-
831
237
356
1,424
2023
2024
-
18,000
4. Trade and other payables: amounts falling due within one year |
2023
2024
Taxation and social security |
7,159
10,657
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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