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Company Registration No. 03526555 (England and Wales)
Jobel Limited Unaudited accounts for the year ended 30 November 2023
Jobel Limited Unaudited accounts Contents
Page
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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
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Jobel Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
269,261 
272,184 
Current assets
Inventories
2,600 
3,290 
Debtors
20,433 
22,512 
Cash at bank and in hand
85,101 
95,782 
108,134 
121,584 
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 
Capital and reserves
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
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Jobel Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
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.
Turnover
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
Inventories
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.
Current taxation
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.
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Jobel Limited Notes to the Accounts for the year ended 30 November 2023
Deferred taxation
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.
Leased assets
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
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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,662 
14,383 
Accrued income and prepayments
5,771 
6,059 
Other debtors
- 
2,070 
20,433 
22,512 
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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 
VAT
1,435 
22,040 
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 
Accruals
- 
4,878 
Deferred income
- 
72,199 
215,769 
220,305 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
3,447 
15,785 
Obligations under finance leases and hire purchase contracts
3,467 
17,281 
6,914 
33,066 
8
Average number of employees
During the year the average number of employees was 9 (2022: 11).
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