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
JB FINANCIAL ADVICE LTD
Company Information
for the year ended 5 April 2024
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
JB FINANCIAL ADVICE LTD
Statement of financial position
as at 5 April 2024
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
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
JB FINANCIAL ADVICE LTD
Notes to the Accounts
for the year ended 5 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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).