IRIS Accounts Production v24.2.0.383 11688872 director 1.12.22 30.11.23 30.11.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh116888722022-11-30116888722023-11-30116888722022-12-012023-11-30116888722021-11-30116888722021-12-012022-11-30116888722022-11-3011688872ns15:EnglandWales2022-12-012023-11-3011688872ns14:PoundSterling2022-12-012023-11-3011688872ns10:Director12022-12-012023-11-3011688872ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3011688872ns10:SmallEntities2022-12-012023-11-3011688872ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3011688872ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3011688872ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3011688872ns10:FullAccounts2022-12-012023-11-301168887212022-12-012023-11-3011688872ns10:CompanySecretary12022-12-012023-11-3011688872ns10:RegisteredOffice2022-12-012023-11-3011688872ns5:CurrentFinancialInstruments2023-11-3011688872ns5:CurrentFinancialInstruments2022-11-3011688872ns5:ShareCapital2023-11-3011688872ns5:ShareCapital2022-11-3011688872ns5:RetainedEarningsAccumulatedLosses2023-11-3011688872ns5:RetainedEarningsAccumulatedLosses2022-11-3011688872ns5:NetGoodwill2022-12-012023-11-3011688872ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3011688872ns5:PlantMachinery2022-12-012023-11-3011688872ns5:NetGoodwill2022-11-3011688872ns5:NetGoodwill2023-11-3011688872ns5:NetGoodwill2022-11-3011688872ns5:LandBuildings2022-11-3011688872ns5:PlantMachinery2022-11-3011688872ns5:LandBuildings2022-12-012023-11-3011688872ns5:LandBuildings2023-11-3011688872ns5:PlantMachinery2023-11-3011688872ns5:LandBuildings2022-11-3011688872ns5:PlantMachinery2022-11-3011688872ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3011688872ns5:WithinOneYearns5:CurrentFinancialInstruments2022-11-30
REGISTERED NUMBER: 11688872 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 November 2023

for

JGB International Limited

JGB International Limited (Registered number: 11688872)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JGB International Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: B Erguven





SECRETARY: M Ipekci





REGISTERED OFFICE: 88 Boundary Road
Hove
East Sussex
BN3 7GA





REGISTERED NUMBER: 11688872 (England and Wales)





ACCOUNTANTS: Clamp Boxall Ltd
88 Boundary Road
Hove
East Sussex
BN3 7GA

JGB International Limited (Registered number: 11688872)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,178 38,005
Tangible assets 5 17,304 22,674
28,482 60,679

CURRENT ASSETS
Stocks 151,760 128,850
Debtors 6 23,972 27,789
Prepayments and accrued income 2,226 353
Cash at bank 40,594 93,261
218,552 250,253
CREDITORS
Amounts falling due within one year 7 325,822 370,566
NET CURRENT LIABILITIES (107,270 ) (120,313 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(78,788

)

(59,634

)

PROVISIONS FOR LIABILITIES (3,307 ) (4,308 )

ACCRUALS AND DEFERRED INCOME (6,654 ) (29,169 )
NET LIABILITIES (88,749 ) (93,111 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (88,849 ) (93,211 )
(88,749 ) (93,111 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

JGB International Limited (Registered number: 11688872)

Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





B Erguven - Director


JGB International Limited (Registered number: 11688872)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

JGB International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at fair value of the consideration received or receivable, excluding discounts where applicable, rebates, and value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Stocks
Stocks are valued at the lower of cost and net realisable values after making due allowance for obsolete or slow-moving stocks.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and other investments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


JGB International Limited (Registered number: 11688872)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 134,136
AMORTISATION
At 1 December 2022 96,131
Charge for year 26,827
At 30 November 2023 122,958
NET BOOK VALUE
At 30 November 2023 11,178
At 30 November 2022 38,005

JGB International Limited (Registered number: 11688872)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 1 65,585 65,586
Additions - 400 400
At 30 November 2023 1 65,985 65,986
DEPRECIATION
At 1 December 2022 1 42,911 42,912
Charge for year - 5,770 5,770
At 30 November 2023 1 48,681 48,682
NET BOOK VALUE
At 30 November 2023 - 17,304 17,304
At 30 November 2022 - 22,674 22,674

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 23,130 25,446
Other debtors 842 2,343
23,972 27,789

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 42,922 48,533
Amounts owed to group undertakings 249,914 298,870
Taxation and social security 22,254 12,169
Other creditors 10,732 10,994
325,822 370,566

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B Erguven.

Control of the company lies with Sun Harvest Limited, the holding company of a small group and holder of the entire issued share capital of this company.