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Company Registration No. 08001041 (England and Wales)
J T Cabins Limited Unaudited accounts for the year ended 31 March 2024
J T Cabins Limited Unaudited accounts Contents
Page
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J T Cabins Limited Company Information for the year ended 31 March 2024
Director
Mr J A V Travers
Company Number
08001041 (England and Wales)
Registered Office
30 Meadowsweet Way Horton Heath Eastleigh Hampshire SO50 7PD United Kingdom
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J T Cabins Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,183 
32,696 
Current assets
Inventories
444,290 
265,517 
Debtors
487,651 
450,846 
Cash at bank and in hand
347,512 
523,078 
1,279,453 
1,239,441 
Creditors: amounts falling due within one year
(100,439)
(80,736)
Net current assets
1,179,014 
1,158,705 
Total assets less current liabilities
1,204,197 
1,191,401 
Provisions for liabilities
Deferred tax
(6,296)
(8,174)
Net assets
1,197,901 
1,183,227 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,197,900 
1,183,226 
Shareholders' funds
1,197,901 
1,183,227 
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 19 August 2024 and were signed on its behalf by
Mr J A V Travers Director Company Registration No. 08001041
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J T Cabins Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
J T Cabins Limited is a private company, limited by shares, registered in England and Wales, registration number 08001041. The registered office is 30 Meadowsweet Way, Horton Heath, Eastleigh , Hampshire, SO50 7PD, United Kingdom.
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
These financial statements have been prepared in accordance with FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1. The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
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 is recognised at the point the goods are delivered to the customer.
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:
Plant & machinery
2 Years Straight Line
Motor vehicles
25% Reducing Balance
Computer equipment
4 Years Straight Line
Goodwill
Goodwill, being he amount paid in connection with the acquisition of a business in 2012 has been fully amortised.
Stocks
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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J T Cabins Limited Notes to the Accounts for the year ended 31 March 2024
Financial Assets
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial instruments
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Equity Instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. 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.
Deferred taxation
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.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
23,221 
At 31 March 2024
23,221 
Amortisation
At 1 April 2023
23,221 
At 31 March 2024
23,221 
Net book value
At 31 March 2024
- 
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J T Cabins Limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
7,731 
35,666 
393 
43,790 
Additions
- 
- 
882 
882 
Disposals
- 
- 
(393)
(393)
At 31 March 2024
7,731 
35,666 
882 
44,279 
Depreciation
At 1 April 2023
7,731 
2,970 
393 
11,094 
Charge for the year
- 
8,174 
221 
8,395 
On disposals
- 
- 
(393)
(393)
At 31 March 2024
7,731 
11,144 
221 
19,096 
Net book value
At 31 March 2024
- 
24,522 
661 
25,183 
At 31 March 2023
- 
32,696 
- 
32,696 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
37,066 
- 
Trade debtors
30,184 
30,445 
Accrued income and prepayments
1,500 
1,500 
Other debtors
418,901 
418,901 
487,651 
450,846 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
4,490 
Trade creditors
41,757 
18,241 
Taxes and social security
15,174 
26,360 
Loans from directors
41,183 
29,410 
Accruals
2,325 
2,235 
100,439 
80,736 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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