Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 13068400 Mr Joshua Denley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13068400 2022-12-31 13068400 2023-12-31 13068400 2023-01-01 2023-12-31 13068400 frs-core:CurrentFinancialInstruments 2023-12-31 13068400 frs-core:Non-currentFinancialInstruments 2023-12-31 13068400 frs-core:BetweenOneFiveYears 2023-12-31 13068400 frs-core:PlantMachinery 2023-12-31 13068400 frs-core:PlantMachinery 2023-01-01 2023-12-31 13068400 frs-core:PlantMachinery 2022-12-31 13068400 frs-core:WithinOneYear 2023-12-31 13068400 frs-core:ShareCapital 2023-12-31 13068400 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13068400 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13068400 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13068400 frs-bus:SmallEntities 2023-01-01 2023-12-31 13068400 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13068400 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13068400 frs-bus:Director1 2023-01-01 2023-12-31 13068400 frs-countries:EnglandWales 2023-01-01 2023-12-31 13068400 2021-12-31 13068400 2022-12-31 13068400 2022-01-01 2022-12-31 13068400 frs-core:CurrentFinancialInstruments 2022-12-31 13068400 frs-core:Non-currentFinancialInstruments 2022-12-31 13068400 frs-core:BetweenOneFiveYears 2022-12-31 13068400 frs-core:WithinOneYear 2022-12-31 13068400 frs-core:ShareCapital 2022-12-31 13068400 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13068400
JB Biomass Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13068400
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 51,471 56,290
51,471 56,290
CURRENT ASSETS
Stocks 5 9,300 2,250
Debtors 6 31,080 20,147
Cash at bank and in hand 300 -
40,680 22,397
Creditors: Amounts Falling Due Within One Year 7 (43,932 ) (14,401 )
NET CURRENT ASSETS (LIABILITIES) (3,252 ) 7,996
TOTAL ASSETS LESS CURRENT LIABILITIES 48,219 64,286
Creditors: Amounts Falling Due After More Than One Year 8 (36,477 ) (48,790 )
NET ASSETS 11,742 15,496
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 11,642 15,396
SHAREHOLDERS' FUNDS 11,742 15,496
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Joshua Denley
Director
17/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
JB Biomass Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13068400 . The registered office is Park Farm, Little Livermere, Bury St. Edmunds, Suffolk, IP31 1LA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 59,269
Additions 874
As at 31 December 2023 60,143
Depreciation
As at 1 January 2023 2,979
Provided during the period 5,693
As at 31 December 2023 8,672
Net Book Value
As at 31 December 2023 51,471
As at 1 January 2023 56,290
5. Stocks
2023 2022
£ £
Materials 9,300 2,250
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 15,617 13,200
Prepayments and accrued income 2,604 -
H P Interest Suspense 7,698 -
VAT 5,161 6,947
31,080 20,147
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 3,334 (6,485 )
Trade creditors 32,678 11,783
Bank loans and overdrafts 7,480 8,743
Accruals and deferred income 340 260
Director's loan account 100 100
43,932 14,401
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 556 3,889
Bank loans 35,921 44,901
36,477 48,790
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,334 3,334
Later than one year and not later than five years 556 7,223
3,890 10,557
Less: Finance charges allocated to future periods - 13,153
3,890 (2,596 )
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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