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REGISTERED NUMBER: 05046487 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Jobyco Shipping Limited

Jobyco Shipping Limited (Registered number: 05046487)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Jobyco Shipping Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr Fredick Obiri
Miss Judy Obiri-Yeboah





REGISTERED OFFICE: Unit 2&3 Bay Close
Progress Way
Luton
Bedfordshire
LU4 9UP





REGISTERED NUMBER: 05046487 (England and Wales)





ACCOUNTANTS: G Defor and Co
Chartered Certified Accountants
55 Carters Mead
Harlow
Essex
CM17 9ER

Jobyco Shipping Limited (Registered number: 05046487)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 546,601 558,093

CURRENT ASSETS
Debtors 5 346,147 246,997
Cash at bank and in hand 81,512 41,028
427,659 288,025
CREDITORS
Amounts falling due within one year 6 272,212 127,736
NET CURRENT ASSETS 155,447 160,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

702,048

718,382

CREDITORS
Amounts falling due after more than one
year

7

(18,465

)

(33,397

)

PROVISIONS FOR LIABILITIES (2,558 ) (2,248 )
NET ASSETS 681,025 682,737

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 681,023 682,735
SHAREHOLDERS' FUNDS 681,025 682,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Jobyco Shipping Limited (Registered number: 05046487)

Balance Sheet - continued
31 March 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





Mr Fredick Obiri - Director


Jobyco Shipping Limited (Registered number: 05046487)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Jobyco Shipping Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activties.

The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assests and depreciated over the shorter of the lease term and thier useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss accounts so as to produce constant periodic rates of charge on the net obligation oustanding in each period.

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.

Jobyco Shipping Limited (Registered number: 05046487)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Going concern
No material uncertainties related to events or conditions that may casts significant doubt on the ability of the company to continue as a going concern have been identified by the directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 632,099 44,234 16,295 692,628
Additions - 5,896 - 5,896
At 31 March 2024 632,099 50,130 16,295 698,524
DEPRECIATION
At 1 April 2023 88,494 31,377 14,664 134,535
Charge for year 12,642 4,339 407 17,388
At 31 March 2024 101,136 35,716 15,071 151,923
NET BOOK VALUE
At 31 March 2024 530,963 14,414 1,224 546,601
At 31 March 2023 543,605 12,857 1,631 558,093


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 37,664 49,323
Amounts owed by associates 198,070 80,070
Other debtors 48,395 32,718
Rent deposit 33,445 33,445
VAT 28,573 51,441
346,147 246,997

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 204,555 57,352
Tax 13,705 25,956
Social security and other taxes - 3,231
Pension control 2,112 1,794
Other creditors-Capital ontap 10,160 31,766
Net wages control 20,609 -
Directors' current accounts 21,071 7,637
272,212 127,736

Jobyco Shipping Limited (Registered number: 05046487)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans more 5 yr by instal 18,465 33,397

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 18,465 33,397

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 (2023 - £40,000) were paid to the directors .

During the current year, the company was controlled by the directors, Mr F. Obiri and J Obiri-Yeboah by vitue of ownership of the entire share capital.

At the balance sheet date the company was owed £55,000 (2023 -£70,000) by JB Globe Travel Ltd a company in which F Obiri and J Obiri-Yeboah are also directors.


Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Jobyco Shipping Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jobyco Shipping Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Jobyco Shipping Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jobyco Shipping Limited and state those matters that we have agreed to state to the Board of Directors of Jobyco Shipping Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jobyco Shipping Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jobyco Shipping Limited. You consider that Jobyco Shipping Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jobyco Shipping Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






G Defor and Co
Chartered Certified Accountants
55 Carters Mead
Harlow
Essex
CM17 9ER


22 November 2024