Company Registration No. 03526555 (England and Wales)
Jobel Limited
Unaudited accounts
for the year ended 30 November 2023
Jobel Limited
Unaudited accounts
Contents
Jobel Limited
Company Information
for the year ended 30 November 2023
Directors
Michael James Freeman
Daniel James Freeman
Company Number
03526555 (England and Wales)
Registered Office
3 Bounds Place
Millbay Road
Plymouth
Devon
PL1 3LS
Accountants
Blackwell Bate Ltd
Brunel Court
122 Fore Street
Saltash
Cornwall
PL12 6JW
Jobel Limited
Statement of financial position
as at 30 November 2023
Tangible assets
269,261
272,184
Cash at bank and in hand
85,101
95,782
Creditors: amounts falling due within one year
(215,769)
(220,305)
Net current liabilities
(107,635)
(98,721)
Total assets less current liabilities
161,626
173,463
Creditors: amounts falling due after more than one year
(6,914)
(33,066)
Provisions for liabilities
Deferred tax
(13,462)
(13,902)
Net assets
141,250
126,495
Called up share capital
4
4
Profit and loss account
141,246
126,491
Shareholders' funds
141,250
126,495
For the year ending 30 November 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by
Michael James Freeman
Director
Company Registration No. 03526555
Jobel Limited
Notes to the Accounts
for the year ended 30 November 2023
Jobel Limited is a private company, limited by shares, registered in England and Wales, registration number 03526555. The registered office is 3 Bounds Place, Millbay Road , Plymouth, Devon, PL1 3LS.
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.
Turnover is recognised at the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
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:
Land & buildings
1% reducing balance
Motor vehicles
25% straight line
Fixtures & fittings
25% reducing balance
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at 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.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Jobel Limited
Notes to the Accounts
for the year ended 30 November 2023
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
231,459
5,205
164,738
49,204
450,606
Additions
-
1,483
35,715
685
37,883
Disposals
-
-
(3,000)
(24,523)
(27,523)
At 30 November 2023
231,459
6,688
197,453
25,366
460,966
At 1 December 2022
32,445
1,572
107,895
36,510
178,422
Charge for the year
1,990
1,032
32,640
3,261
38,923
On disposals
-
-
(3,000)
(22,640)
(25,640)
At 30 November 2023
34,435
2,604
137,535
17,131
191,705
At 30 November 2023
197,024
4,084
59,918
8,235
269,261
At 30 November 2022
199,014
3,633
56,843
12,694
272,184
Amounts falling due within one year
Trade debtors
14,662
14,383
Accrued income and prepayments
5,771
6,059
Jobel Limited
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,985
12,667
Obligations under finance leases and hire purchase contracts
21,064
19,866
Trade creditors
92,914
77,744
Taxes and social security
21,033
9,530
Other creditors
73,338
1,381
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
3,467
17,281
8
Average number of employees
During the year the average number of employees was 9 (2022: 11).