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Company Registration No. 08268154 (England and Wales)
Jake Robbins Vintage Engineering Limited Unaudited accounts for the year ended 31 October 2023
Jake Robbins Vintage Engineering Limited Unaudited accounts Contents
Page
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Jake Robbins Vintage Engineering Limited Company Information for the year ended 31 October 2023
Directors
Jacob Robbins Madeleine Owen
Secretary
Madeleine Owen
Company Number
08268154 (England and Wales)
Registered Office
80 Emmanuel Road Hastings East Sussex TN34 3LF
Accountants
TRP Accountancy Ltd Bumpkin Shaw Yard Rock Lane Hastings East Sussex TN35 4NY
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Jake Robbins Vintage Engineering Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,817 
7,504 
Current assets
Debtors
26,984 
23,517 
Cash at bank and in hand
2,923 
427 
29,907 
23,944 
Creditors: amounts falling due within one year
(25,121)
(19,679)
Net current assets
4,786 
4,265 
Total assets less current liabilities
9,603 
11,769 
Creditors: amounts falling due after more than one year
(8,765)
(11,217)
Net assets
838 
552 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
836 
550 
Shareholders' funds
838 
552 
For the year ending 31 October 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 6 September 2024 and were signed on its behalf by
Jacob Robbins Director Company Registration No. 08268154
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Jake Robbins Vintage Engineering Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Jake Robbins Vintage Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 08268154. The registered office is 80 Emmanuel Road, Hastings, East Sussex, TN34 3LF.
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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
over the lease term
Plant & machinery
over 5 years
Fixtures & fittings
over 5 years
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
26,268 
5,600 
31,868 
At 31 October 2023
26,268 
5,600 
31,868 
Depreciation
At 1 November 2022
19,687 
4,677 
24,364 
Charge for the year
2,456 
231 
2,687 
At 31 October 2023
22,143 
4,908 
27,051 
Net book value
At 31 October 2023
4,125 
692 
4,817 
At 31 October 2022
6,581 
923 
7,504 
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Jake Robbins Vintage Engineering Limited Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,926 
4,041 
Other debtors
19,058 
19,476 
26,984 
23,517 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,000 
4,000 
Taxes and social security
18,721 
15,679 
Accruals
2,400 
- 
25,121 
19,679 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
8,765 
11,217 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Director's loan account
9,392 
19,656 
19,220 
9,828 
Director's loan account
9,604 
16,410 
16,784 
9,230 
18,996 
36,066 
36,004 
19,058 
During the year, the company provided interest free loans to its directors, who are considered related parties. The loans were repaid within nine months after the end of the accounting period.
9
Transactions with related parties
During the year, the company entered into transactions with its directors, who are considered related parties. These transactions are included within the balance sheet. The directors confirm that there are no further transactions with related parties which require disclosure under FRS 102.
10
Controlling party
The company is jointly controlled by two directors, Jacob Robbins and Madeleine Owen. As neither director individually has control over the company, there is no single ultimate controlling party.
11
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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