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
Jake Robbins Vintage Engineering Limited
Company Information
for the year ended 31 October 2023
Directors
Jacob Robbins
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
Jake Robbins Vintage Engineering Limited
Statement of financial position
as at 31 October 2023
Tangible assets
4,817
7,504
Cash at bank and in hand
2,923
427
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)
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
Jake Robbins Vintage Engineering Limited
Notes to the Accounts
for the year ended 31 October 2023
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.
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 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
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
At 31 October 2023
4,125
692
4,817
At 31 October 2022
6,581
923
7,504
Jake Robbins Vintage Engineering Limited
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Other debtors
19,058
19,476
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
7
Creditors: amounts falling due after more than one year
2023
2022
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.
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).