Registered number
SC368649
JBT Storage & Distribution Limited
Filleted Accounts
30 November 2023
JBT Storage & Distribution Limited
Registered number: SC368649
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 18,400 20,346
Current assets
Debtors 4 49,821 54,729
Cash at bank and in hand 168,205 142,330
218,026 197,059
Creditors: amounts falling due within one year 5 (51,237) (45,781)
Net current assets 166,789 151,278
Total assets less current liabilities 185,189 171,624
Provisions for liabilities (4,600) -
Net assets 180,589 171,624
Capital and reserves
Called up share capital 1 1
Profit and loss account 180,588 171,623
Shareholder's funds 180,589 171,624
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Blain
Director
Approved by the board on 27 June 2024
JBT Storage & Distribution Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.Turnover is earned from the provision of warehousing & logistics services. Turnover from the rendering of services is recognised by reference to the date of completion of the service for logistics and the date of the period of warehousing provided.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Motor vehicles over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 23,255 189,146 212,401
Additions - 13,000 13,000
Disposals - (17,000) (17,000)
At 30 November 2023 23,255 185,146 208,401
Depreciation
At 1 December 2022 23,255 168,800 192,055
Charge for the year - 14,946 14,946
On disposals - (17,000) (17,000)
At 30 November 2023 23,255 166,746 190,001
Net book value
At 30 November 2023 - 18,400 18,400
At 30 November 2022 - 20,346 20,346
4 Debtors 2023 2022
£ £
Trade debtors 46,259 50,254
Other debtors 3,562 4,475
49,821 54,729
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts - 2,442
Trade creditors 4,283 5,806
Taxation and social security costs 32,079 34,190
Other creditors 14,875 3,343
51,237 45,781
6 Controlling party
Mr J Blain is the ultimate controlling party by virtue of his ownership of the whole issued share capital of the company.
7 Other information
JBT Storage & Distribution Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
32a Hamilton Street
Saltcoats
Ayrshire
KA21 5DS
JBT Storage & Distribution Limited SC368649 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts October 2023 release 2 J Blain No description of principal activity SC368649 2021-12-01 2022-11-30 SC368649 core:WithinOneYear 2022-11-30 SC368649 core:ShareCapital 2022-11-30 SC368649 core:RetainedEarningsAccumulatedLosses 2022-11-30 SC368649 2022-12-01 2023-11-30 SC368649 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC368649 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 SC368649 bus:Director40 2022-12-01 2023-11-30 SC368649 1 2022-12-01 2023-11-30 SC368649 2 2022-12-01 2023-11-30 SC368649 core:PlantMachinery 2022-12-01 2023-11-30 SC368649 core:Vehicles 2022-12-01 2023-11-30 SC368649 countries:England 2022-12-01 2023-11-30 SC368649 bus:FRS102 2022-12-01 2023-11-30 SC368649 bus:FullAccounts 2022-12-01 2023-11-30 SC368649 2023-11-30 SC368649 core:WithinOneYear 2023-11-30 SC368649 core:ShareCapital 2023-11-30 SC368649 core:RetainedEarningsAccumulatedLosses 2023-11-30 SC368649 core:PlantMachinery 2023-11-30 SC368649 core:Vehicles 2023-11-30 SC368649 2022-11-30 SC368649 core:PlantMachinery 2022-11-30 SC368649 core:Vehicles 2022-11-30 iso4217:GBP xbrli:pure