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REGISTERED NUMBER: 03751474 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Stephen Jabs Limited

Stephen Jabs Limited (Registered number: 03751474)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stephen Jabs Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: S M Jabs





REGISTERED OFFICE: Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG





REGISTERED NUMBER: 03751474 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

Stephen Jabs Limited (Registered number: 03751474)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,823 3,529

CURRENT ASSETS
Stocks 100 100
Debtors 5 239,040 167,219
Cash at bank and in hand 212,759 184,384
451,899 351,703
CREDITORS
Amounts falling due within one year 6 71,845 47,735
NET CURRENT ASSETS 380,054 303,968
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,877

307,497

PROVISIONS FOR LIABILITIES 7 536 670
NET ASSETS 382,341 306,827

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 382,339 306,825
SHAREHOLDERS' FUNDS 382,341 306,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 20 December 2024 and were signed by:





S M Jabs - Director


Stephen Jabs Limited (Registered number: 03751474)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Stephen Jabs 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance basis
Fixtures and fittings - 20% on reducing balance basis
Computers & Office Equipment - 20% on reducing balance basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Stephen Jabs Limited (Registered number: 03751474)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures Computers
Plant and and & Office
machinery fittings Equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 7,457 3,509 13,150 24,116
DEPRECIATION
At 1 May 2023 7,171 3,504 9,912 20,587
Charge for year 57 1 648 706
At 30 April 2024 7,228 3,505 10,560 21,293
NET BOOK VALUE
At 30 April 2024 229 4 2,590 2,823
At 30 April 2023 286 5 3,238 3,529

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 78,265 48,984
Other debtors 20,376 7,564
Loan - Forge Oak Ltd 140,000 110,000
Prepayments 399 671
239,040 167,219

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,107 10,981
Tax 43,602 34,943
Other creditors 1,263 -
Directors' loan accounts 1,129 337
Accrued expenses 12,744 1,474
71,845 47,735

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 536 670

Deferred
tax
£   
Balance at 1 May 2023 670
Credit to Income Statement during year (134 )
Accelerated Capital Allowances
Balance at 30 April 2024 536

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

Stephen Jabs Limited (Registered number: 03751474)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. RESERVES
Retained
earnings
£   

At 1 May 2023 306,825
Profit for the year 134,514
Dividends (59,000 )
At 30 April 2024 382,339

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
S M Jabs
Balance outstanding at start of year (337 ) (354 )
Amounts advanced - 74,017
Amounts repaid (792 ) (74,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,129 ) (337 )

11. RELATED PARTY DISCLOSURES

The company made a loan on normal commercial terms to Forge Oak Limited, a company of which Mr S M Jabs is a director and shareholder. At the year end, the balance of this loan amounted to £140,000 (2023 £110,000).