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Logo On Report
Registered Number: 08880253
England and Wales

 

 

 


Unaudited Filleted Financial Statements

for the year ended 31 March 2024

for

JABRU LTD

Directors Adrian Bagnoli
Bradley Alan Charlesworth
Registered Number 08880253
Registered Office UNIT 4
LEOPOLD SQUARE SHEFFIELD
S1 2JG
Accountants Holdsworth Accountants Ltd
Omega Court
350 Cemetery Road
Sheffield
S11 8FT
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 March 2024
Directors
The directors who served the company throughout the year were as follows:
Adrian Bagnoli
Bradley Alan Charlesworth
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Adrian Bagnoli
Director
----------------------------------
Bradley Alan Charlesworth
Director

Date approved: 14 October 2024
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Holdsworth Accountants Ltd
31 March 2024



....................................................

Holdsworth Accountants Ltd

Omega Court
350 Cemetery Road
Sheffield
S11 8FT
14 October 2024
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 3,729    4,065 
Tangible fixed assets 4 193,466    180,500 
197,195    184,565 
Current assets      
Stocks 5 44,000    44,000 
Debtors 6 264,449    383,918 
Cash at bank and in hand 58,016    15,458 
366,465    443,376 
Creditors: amount falling due within one year 7 (576,835)   (457,506)
Net current assets (210,370)   (14,130)
 
Total assets less current liabilities (13,175)   170,435 
Creditors: amount falling due after more than one year 8   (153,704)
Provisions for liabilities 9 (36,759)   (34,295)
Net assets (49,934)   (17,564)
 

Capital and reserves
     
Called up share capital 4    4 
Profit and loss account (49,938)   (17,568)
Shareholders' funds (49,934)   (17,564)
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 14 October 2024 and were signed on its behalf by:


-------------------------------
Adrian Bagnoli
Director
-------------------------------
Bradley Alan Charlesworth
Director
4
General Information
JABRU LTD is a private company, limited by shares, registered in England and Wales, registration number 08880253, registration address UNIT 4, LEOPOLD SQUARE SHEFFIELD, S1 2JG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 10% Reducing Balance
Equipment 10% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 59 (2023 : 55).
3.

Intangible fixed assets

Cost Lease   Total
  £   £
At 01 April 2023 4,956    4,956 
Additions  
Disposals  
At 31 March 2024 4,956    4,956 
Amortisation
At 01 April 2023 891    891 
Charge for year 336    336 
On disposals  
At 31 March 2024 1,227    1,227 
Net book values
At 31 March 2024 3,729    3,729 
At 31 March 2023 4,065    4,065 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Equipment   Total
  £   £   £
At 01 April 2023 172,365    166,362    338,727 
Additions 21,062    10,576    31,638 
Disposals    
At 31 March 2024 193,427    176,938    370,365 
Depreciation
At 01 April 2023 84,481    73,746    158,227 
Charge for year 9,408    9,264    18,672 
On disposals    
At 31 March 2024 93,889    83,010    176,899 
Net book values
Closing balance as at 31 March 2024 99,538    93,928    193,466 
Opening balance as at 01 April 2023 87,884    92,616    180,500 


5.

Stocks

2024
£
  2023
£
Stocks 44,000    44,000 
44,000    44,000 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Prepayments & Accrued Income 7,449    15,463 
Other Debtors 257,000    368,455 
264,449    383,918 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 60,614    99,734 
Bank Loans & Overdrafts (Secured)   44,000 
Bank Loans & Overdrafts 167,946    35,014 
Corporation Tax 2,522    7,521 
PAYE & Social Security 58,660    41,047 
Accrued Expenses 5,359    15,161 
Other Creditors 9,500    18,593 
Directors' Current Accounts 140,100   
VAT 132,134    196,436 
576,835    457,506 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts (secured)   51,333 
Bank Loans & Overdrafts   102,371 
  153,704 

9.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 36,759    34,295 
36,759    34,295 

5