IRIS Accounts Production v24.1.9.2 SC422343 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4223432022-12-31SC4223432023-12-31SC4223432023-01-012023-12-31SC4223432021-12-31SC4223432022-01-012022-12-31SC4223432022-12-31SC422343ns15:Scotland2023-01-012023-12-31SC422343ns14:PoundSterling2023-01-012023-12-31SC422343ns10:Director12023-01-012023-12-31SC422343ns10:Director22023-01-012023-12-31SC422343ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC422343ns10:SmallEntities2023-01-012023-12-31SC422343ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC422343ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC422343ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC422343ns10:FullAccounts2023-01-012023-12-31SC422343ns10:CompanySecretary12023-01-012023-12-31SC422343ns10:RegisteredOffice2023-01-012023-12-31SC422343ns5:CurrentFinancialInstruments2023-12-31SC422343ns5:CurrentFinancialInstruments2022-12-31SC422343ns5:ShareCapital2023-12-31SC422343ns5:ShareCapital2022-12-31SC422343ns5:RetainedEarningsAccumulatedLosses2023-12-31SC422343ns5:RetainedEarningsAccumulatedLosses2022-12-31SC422343ns5:PlantMachinery2023-01-012023-12-31SC422343ns5:PlantMachinery2022-12-31SC422343ns5:PlantMachinery2023-12-31SC422343ns5:PlantMachinery2022-12-31SC422343ns5:AdditionsToInvestments2023-12-31SC422343ns5:CostValuation2023-12-31SC422343ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC422343ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: SC422343 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

JB67 LIMITED

JB67 LIMITED (REGISTERED NUMBER: SC422343)






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


JB67 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J Bellany
Mrs A B Bellany





SECRETARY: Mrs A B Bellany





REGISTERED OFFICE: 93 Allochy Road
Inverallochy
Fraserburgh
Aberdeenshire
AB43 8YD





REGISTERED NUMBER: SC422343 (Scotland)

JB67 LIMITED (REGISTERED NUMBER: SC422343)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 46,049 49,967
Investments 6 13,000 -
59,049 49,967

CURRENT ASSETS
Debtors 7 831 369
Cash at bank 696,398 517,467
697,229 517,836
CREDITORS
Amounts falling due within one year 8 102,382 60,037
NET CURRENT ASSETS 594,847 457,799
TOTAL ASSETS LESS CURRENT
LIABILITIES

653,896

507,766

PROVISIONS FOR LIABILITIES 11,512 9,494
NET ASSETS 642,384 498,272

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 642,284 498,172
SHAREHOLDERS' FUNDS 642,384 498,272

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 directors acknowledge their 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.

JB67 LIMITED (REGISTERED NUMBER: SC422343)

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 Board of Directors and authorised for issue on 17 July 2024 and were signed on its behalf by:




J Bellany - Director



Mrs A B Bellany - Director


JB67 LIMITED (REGISTERED NUMBER: SC422343)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

JB67 Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

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.
Plant and machinery etc - 33% on cost and 20% on reducing balance

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.


JB67 LIMITED (REGISTERED NUMBER: SC422343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. 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.

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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 64,695
Additions 53,522
Disposals (61,314 )
At 31 December 2023 56,903
DEPRECIATION
At 1 January 2023 14,728
Charge for year 11,218
Eliminated on disposal (15,092 )
At 31 December 2023 10,854
NET BOOK VALUE
At 31 December 2023 46,049
At 31 December 2022 49,967

JB67 LIMITED (REGISTERED NUMBER: SC422343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 13,000
At 31 December 2023 13,000
NET BOOK VALUE
At 31 December 2023 13,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 831 369

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 95,353 53,629
Other creditors 7,029 6,408
102,382 60,037

9. ULTIMATE CONTROLLING PARTY

The company was controlled by the directors, Mr and Mrs J Bellany.