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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
Page
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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
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J & B Wholesale Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,304 
23,235 
Current assets
Inventories
16,271 
14,643 
Debtors
31,380 
42,670 
Cash at bank and in hand
- 
25,265 
47,651 
82,578 
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 
Capital and reserves
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
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J & B Wholesale Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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:
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 
Additions
30 
- 
226 
256 
At 29 February 2024
30,344 
9,808 
1,152 
41,304 
Depreciation
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 
Net book value
At 29 February 2024
14,512 
3,943 
849 
19,304 
At 28 February 2023
17,667 
4,808 
760 
23,235 
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J & B Wholesale Ltd Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
4,008 
1,983 
Trade debtors
27,372 
40,687 
31,380 
42,670 
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 
99,577 
64,664 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,995 
35,000 
8
Average number of employees
During the year the average number of employees was 13 (2023: 13).
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