REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
FOR |
JB TRAINING ENTERPRISES LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
FOR |
JB TRAINING ENTERPRISES LTD |
JB TRAINING ENTERPRISES LTD (REGISTERED NUMBER: 07604422) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
JB TRAINING ENTERPRISES LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Gwynfa House |
677 Princes Road |
Dartford |
Kent |
DA2 6EF |
JB TRAINING ENTERPRISES LTD (REGISTERED NUMBER: 07604422) |
BALANCE SHEET |
30 SEPTEMBER 2023 |
2023 | 2022 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 4,388 |
The director acknowledges her responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
JB TRAINING ENTERPRISES LTD (REGISTERED NUMBER: 07604422) |
BALANCE SHEET - continued |
30 SEPTEMBER 2023 |
The financial statements were approved by the director and authorised for issue on |
JB TRAINING ENTERPRISES LTD (REGISTERED NUMBER: 07604422) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
1. | STATUTORY INFORMATION |
JB Training Enterprises Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 tax |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
JB TRAINING ENTERPRISES LTD (REGISTERED NUMBER: 07604422) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 October 2022 |
Additions |
At 30 September 2023 |
DEPRECIATION |
At 1 October 2022 |
Charge for year |
At 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
At 30 September 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
a | s | restated |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
a | s | restated |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
a | s | restated |
£ | £ |
Bank loans |
Hire purchase contracts |
JB TRAINING ENTERPRISES LTD (REGISTERED NUMBER: 07604422) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
8. | PRIOR YEAR ADJUSTMENT |
The financial statements include a prior year adjustment to correct a number of known and partially known accounting errors in the production of accounts for several earlier years. The balance sheet at 30th September 2022 has been corrected and adjustments have been made from information available as follows: |
The corrections in respect of years prior to that ended 30th September 2022 have required the restatement of fixed assets at a reduction of £90,571, from £202,564 to £111,993, the increase of creditors amounts falling due within one year of £21,472 from £90,456 to £111,928 and decrease of creditors falling due after more than one year of £19,146 from £58,861 to £39,715. Profit and loss reserves have reduced from £98,405 to £5,508, a reduction of £92,897. The adjustments reflect the correction of many accounting treatments and errors. |
For the year to 30th September 2022 a number of further errors have been identified and corrected resulting in additional adjustments to those as detailed above of an increase in fixed assets of £13,878, an increase of creditors amounts falling due within one year of £49,038 and an increase of creditors amounts falling due after more than one year of £43,892. There is a reduction of profit of £79,052 and combined with the adjustments required in years prior to 30th September 2022, profit and loss reserves are reduced from £176,337 as published to £4,388 as restated. These adjustments also reflect the correction of many accounting treatments and errors. |