Company Registration No. 11826408 (England and Wales)
J & B Wholesale Ltd
Unaudited accounts
for the year ended 29 February 2024
J & B Wholesale Ltd
Unaudited accounts
Contents
J & B Wholesale Ltd
Company Information
for the year ended 29 February 2024
Directors
Mrs T Mowlam
Mr M Mowlam
Mr B McFarlane
Company Number
11826408 (England and Wales)
Registered Office
J & B WHOLESALE CLIFTON BUILDINGS
AVENUE ROAD
FRESHWATER
ISLE OF WIGHT
PO40 9UT
UNITED KINGDOM
Accountants
J C Tax & Accounts Services
Holmleigh
Colwell Road
Isle Of Wight
Isle of Wight
PO390AH
J & B Wholesale Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
19,304
23,235
Cash at bank and in hand
-
25,265
Creditors: amounts falling due within one year
(99,577)
(64,664)
Net current (liabilities)/assets
(51,926)
17,914
Total assets less current liabilities
(32,622)
41,149
Creditors: amounts falling due after more than one year
(20,995)
(35,000)
Net (liabilities)/assets
(53,617)
6,149
Called up share capital
50
50
Profit and loss account
(53,667)
6,099
Shareholders' funds
(53,617)
6,149
For the year ending 29 February 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by
Mrs T Mowlam
Director
Company Registration No. 11826408
J & B Wholesale Ltd
Notes to the Accounts
for the year ended 29 February 2024
J & B Wholesale Ltd is a private company, limited by shares, registered in England and Wales, registration number 11826408. The registered office is J & B WHOLESALE CLIFTON BUILDINGS, AVENUE ROAD, FRESHWATER, ISLE OF WIGHT, PO40 9UT, UNITED KINGDOM.
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.
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:
Plant & machinery
18% on a reducing balance basis
Motor vehicles
18% on a reducing balance basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
30,314
9,808
926
41,048
At 29 February 2024
30,344
9,808
1,152
41,304
At 1 March 2023
12,647
5,000
166
17,813
Charge for the year
3,185
865
137
4,187
At 29 February 2024
15,832
5,865
303
22,000
At 29 February 2024
14,512
3,943
849
19,304
At 28 February 2023
17,667
4,808
760
23,235
J & B Wholesale Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
27,372
40,687
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
24,711
11,257
Trade creditors
71,537
50,614
Taxes and social security
3,329
1,951
Loans from directors
-
842
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 13 (2023: 13).