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Company Registration No. 10804703 (England and Wales)
JBA CORPORATION LTD Unaudited accounts for the year ended 30 November 2023
JBA CORPORATION LTD Unaudited accounts Contents
Page
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JBA CORPORATION LTD Company Information for the year ended 30 November 2023
Director
Mr. James Christopher Boyle
Company Number
10804703 (England and Wales)
Registered Office
BUNCH MEADOWS WOODWAY PRINCES RISBOROUGH BUCKINGHAMSHIRE HP27 0NW ENGLAND
Accountants
Stoke Newington Accountants & Tax Consultants Ltd 4 Baird Road Enfield Middlesex EN1 1SJ
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JBA CORPORATION LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
78,830 
74,921 
Current assets
Debtors
1,739,092 
1,378,484 
Cash at bank and in hand
103,032 
229,488 
1,842,124 
1,607,972 
Creditors: amounts falling due within one year
(206,924)
(227,340)
Net current assets
1,635,200 
1,380,632 
Net assets
1,714,030 
1,455,553 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
1,713,030 
1,454,553 
Shareholders' funds
1,714,030 
1,455,553 
For the year ending 30 November 2023 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 14 August 2024 and were signed on its behalf by
Mr. James Christopher Boyle Director Company Registration No. 10804703
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JBA CORPORATION LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
JBA CORPORATION LTD is a private company, limited by shares, registered in England and Wales, registration number 10804703. The registered office is BUNCH MEADOWS, WOODWAY, PRINCES RISBOROUGH, BUCKINGHAMSHIRE, HP27 0NW, ENGLAND.
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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Fixtures & fittings
15% Reducing Bal Method
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments
Investments in shares are included at fair value.
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JBA CORPORATION LTD Notes to the Accounts for the year ended 30 November 2023
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
46,235 
5,112 
42,272 
93,619 
Additions
- 
5,001 
3,539 
8,540 
At 30 November 2023
46,235 
10,113 
45,811 
102,159 
Depreciation
At 1 December 2022
- 
767 
17,931 
18,698 
Charge for the year
- 
659 
3,972 
4,631 
At 30 November 2023
- 
1,426 
21,903 
23,329 
Net book value
At 30 November 2023
46,235 
8,687 
23,908 
78,830 
At 30 November 2022
46,235 
4,345 
24,341 
74,921 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,936 
1,377 
Trade debtors
364,856 
- 
Amounts due from group undertakings etc.
1,359,678 
1,372,357 
Other debtors
12,622 
4,750 
1,739,092 
1,378,484 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
151,126 
122,961 
Loans from directors
45,819 
94,900 
Accruals
9,979 
9,479 
206,924 
227,340 
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JBA CORPORATION LTD Notes to the Accounts for the year ended 30 November 2023
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
8
Transactions with related parties
At the balance sheet date, where the director James Christopher Boyle held controlling interests, the company was owed by JBA Change Management Corporation (A company incorporated in the USA) £1,365 and Sampson Property Ltd £1,358,312. The director was owed by the company at the balance sheet date £45,819.
9
Controlling party
The company's ultimate controlling party is James Christopher Boyle by virtue of his ownership of the majority of the issued share capital in the company.
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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