Registered number
06841789
JHB (UK) Limited
Filleted Accounts
31 March 2024
JHB (UK) Limited
Registered number: 06841789
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,193,062 1,073,297
Current assets
Stocks 25,000 11,500
Debtors 4 947,518 614,688
Cash at bank and in hand 190,407 184,331
1,162,925 810,519
Creditors: amounts falling due within one year 5 (648,692) (577,580)
Net current assets 514,233 232,939
Total assets less current liabilities 1,707,295 1,306,236
Creditors: amounts falling due after more than one year 6 (311,202) (360,017)
Provisions for liabilities (68,344) (35,098)
Net assets 1,327,749 911,121
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,327,747 911,119
Shareholders' funds 1,327,749 911,121
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
James Matthew Hodge-Brooks
Director
Approved by the board on 10 September 2024
JHB (UK) Limited
Notes to the Accounts
for the year ended 31 March 2024
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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
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:
Freehold buildings over 50 years
Motor vehicles 25% reducing balance
Plant and machinery 25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 35 34
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 661,048 284,460 439,645 1,385,153
Additions - 178,798 100,450 279,248
At 31 March 2024 661,048 463,258 540,095 1,664,401
Depreciation
At 1 April 2023 28,456 115,559 167,841 311,856
Charge for the year 13,220 75,122 71,141 159,483
At 31 March 2024 41,676 190,681 238,982 471,339
Net book value
At 31 March 2024 619,372 272,577 301,113 1,193,062
At 31 March 2023 632,592 168,901 271,804 1,073,297
4 Debtors 2024 2023
£ £
Trade debtors 777,810 530,075
Amounts owed by group undertakings and undertakings in which the company has a participating interest 59,928 59,828
Other debtors 10,456 311
Prepayments 99,324 24,474
947,518 614,688
5 Creditors: amounts falling due within one year 2024 2023
£ £
Non-equity preference shares 31,639 43,490
Bank loans and overdrafts 84,128 80,410
Trade creditors 255,543 173,213
Taxation and social security costs 260,586 51,524
Other creditors 16,796 228,943
648,692 577,580
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 311,202 360,017
7 Other information
JHB (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Roadhouse
Marley Head
South Brent
Devon
TQ10 9JT
JHB (UK) Limited 06841789 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 James Matthew Hodge-Brooks No description of principal activity 06841789 2022-04-01 2023-03-31 06841789 core:WithinOneYear 2023-03-31 06841789 core:AfterOneYear 2023-03-31 06841789 core:ShareCapital 2023-03-31 06841789 core:RetainedEarningsAccumulatedLosses 2023-03-31 06841789 2023-04-01 2024-03-31 06841789 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06841789 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06841789 bus:Director40 2023-04-01 2024-03-31 06841789 1 2023-04-01 2024-03-31 06841789 2 2023-04-01 2024-03-31 06841789 core:LandBuildings 2023-04-01 2024-03-31 06841789 core:PlantMachinery 2023-04-01 2024-03-31 06841789 core:Vehicles 2023-04-01 2024-03-31 06841789 countries:England 2023-04-01 2024-03-31 06841789 bus:FRS102 2023-04-01 2024-03-31 06841789 bus:FilletedAccounts 2023-04-01 2024-03-31 06841789 2024-03-31 06841789 core:WithinOneYear 2024-03-31 06841789 core:AfterOneYear 2024-03-31 06841789 core:ShareCapital 2024-03-31 06841789 core:RetainedEarningsAccumulatedLosses 2024-03-31 06841789 core:LandBuildings 2024-03-31 06841789 core:PlantMachinery 2024-03-31 06841789 core:Vehicles 2024-03-31 06841789 2023-03-31 06841789 core:LandBuildings 2023-03-31 06841789 core:PlantMachinery 2023-03-31 06841789 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure