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
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
JBA CORPORATION LTD
Statement of financial position
as at 30 November 2023
Tangible assets
78,830
74,921
Debtors
1,739,092
1,378,484
Cash at bank and in hand
103,032
229,488
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
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
JBA CORPORATION LTD
Notes to the Accounts
for the year ended 30 November 2023
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
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.
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 in shares are included at fair value.
JBA CORPORATION LTD
Notes to the Accounts
for the year ended 30 November 2023
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 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.
Expenditure on research and development is written off in the year in which it is incurred.
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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
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
At 30 November 2023
46,235
8,687
23,908
78,830
At 30 November 2022
46,235
4,345
24,341
74,921
Amounts falling due within one year
Amounts due from group undertakings etc.
1,359,678
1,372,357
Other debtors
12,622
4,750
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
151,126
122,961
Loans from directors
45,819
94,900
JBA CORPORATION LTD
Notes to the Accounts
for the year ended 30 November 2023
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
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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.
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.
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Average number of employees
During the year the average number of employees was 3 (2022: 3).