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Company Registration No. 12340709 (England and Wales)
JB FINANCIAL ADVICE LTD Unaudited accounts for the year ended 5 April 2024
JB FINANCIAL ADVICE LTD Unaudited accounts Contents
Page
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JB FINANCIAL ADVICE LTD Company Information for the year ended 5 April 2024
Director
John Barlow
Company Number
12340709 (England and Wales)
Registered Office
2 SKYE CLOSE WILNECOTE TAMWORTH B77 5AU ENGLAND
Accountants
Accounts and Returns Ltd 26 Smith St Warwick CV34 4HS
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JB FINANCIAL ADVICE LTD Statement of financial position as at 5 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
292 
389 
Current assets
Cash at bank and in hand
29,091 
27,975 
Creditors: amounts falling due within one year
(12,172)
(6,625)
Net current assets
16,919 
21,350 
Net assets
17,211 
21,739 
Capital and reserves
Called up share capital
16,000 
16,000 
Profit and loss account
1,211 
5,739 
Shareholders' funds
17,211 
21,739 
For the year ending 5 April 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 May 2024 and were signed on its behalf by
John Barlow Director Company Registration No. 12340709
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JB FINANCIAL ADVICE LTD Notes to the Accounts for the year ended 5 April 2024
1
Statutory information
JB FINANCIAL ADVICE LTD is a private company, limited by shares, registered in England and Wales, registration number 12340709. The registered office is 2 SKYE CLOSE, WILNECOTE, TAMWORTH, B77 5AU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 6 April 2023
519 
At 5 April 2024
519 
Depreciation
At 6 April 2023
130 
Charge for the year
97 
At 5 April 2024
227 
Net book value
At 5 April 2024
292 
At 5 April 2023
389 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,229 
1,034 
Taxes and social security
1,635 
1,072 
Loans from directors
9,308 
4,519 
12,172 
6,625 
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JB FINANCIAL ADVICE LTD Notes to the Accounts for the year ended 5 April 2024
6
Transactions with related parties
During the year, the company received a loan amounting to £9,308.22 from a member of key management personnel. The loan is to be repaid on demand and interest-free. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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