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REGISTERED NUMBER: 07048947 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2024

for

JBNP WARRANTY SERVICES LIMITED

JBNP WARRANTY SERVICES LIMITED (REGISTERED NUMBER: 07048947)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JBNP WARRANTY SERVICES LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Nelson Jason Birch





REGISTERED OFFICE: 3 Southernhay West
Exeter
EX1 1JG





REGISTERED NUMBER: 07048947 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

JBNP WARRANTY SERVICES LIMITED (REGISTERED NUMBER: 07048947)

Balance Sheet
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 236,314 271,274

CURRENT ASSETS
Debtors 6 1,644,902 1,138,342
Cash at bank 1,103,525 1,053,455
2,748,427 2,191,797
CREDITORS
Amounts falling due within one year 7 (424,515 ) (200,465 )
NET CURRENT ASSETS 2,323,912 1,991,332
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,560,226

2,262,606

PROVISIONS FOR LIABILITIES (49,541 ) (53,499 )
NET ASSETS 2,510,685 2,209,107

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,510,683 2,209,105
SHAREHOLDERS' FUNDS 2,510,685 2,209,107

JBNP WARRANTY SERVICES LIMITED (REGISTERED NUMBER: 07048947)

Balance Sheet - continued
30 JUNE 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 17 January 2025 and were signed by:





Nelson Jason Birch - Director


JBNP WARRANTY SERVICES LIMITED (REGISTERED NUMBER: 07048947)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

JBNP Warranty Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts chargeable in respect of the sale of goods and services falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 15% -33% on reducing balance

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


JBNP WARRANTY SERVICES LIMITED (REGISTERED NUMBER: 07048947)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. ACCOUNTING POLICIES - continued
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 fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. 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 account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023 338,748 121,603 460,351
Additions 31,174 11,000 42,174
Disposals - (11,000 ) (11,000 )
At 30 June 2024 369,922 121,603 491,525
DEPRECIATION
At 1 July 2023 151,516 37,561 189,077
Charge for year 53,529 13,155 66,684
Eliminated on disposal - (550 ) (550 )
At 30 June 2024 205,045 50,166 255,211
NET BOOK VALUE
At 30 June 2024 164,877 71,437 236,314
At 30 June 2023 187,232 84,042 271,274

JBNP WARRANTY SERVICES LIMITED (REGISTERED NUMBER: 07048947)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 July 2023 29,704
Transfer to ownership (29,704 )
At 30 June 2024 -
DEPRECIATION
At 1 July 2023 18,740
Charge for year 2,742
Transfer to ownership (21,482 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 10,964

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 831,818 513,818
Other debtors 809,912 621,839
Prepayments 3,172 2,685
1,644,902 1,138,342

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) - 1,686
Trade creditors 3,485 2,811
Tax 131,234 132,436
VAT 73,725 35,968
Directors' current accounts 29,721 26,214
Accrued expenses 186,350 1,350
424,515 200,465

JBNP WARRANTY SERVICES LIMITED (REGISTERED NUMBER: 07048947)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year - 1,686

9. SECURED DEBTS

Hire purchase liabilities are secured over the asset to which the liability relates.

There is a fixed and floating charge with Svenska Handelsbanken Ab (Publ) dated 23 April 2018 over all the property and undertakings of the company.

10. RELATED PARTY DISCLOSURES

Palmer Birch

Mr Nelson Birch is sole proprietor of the business.

Included within other debtors ia an interest free loan to Palmer Birch and the balance at 30 June 2024 was £560,319 (2023 - £621,839).

Souster & Birch

Mr Nelson Birch is joint proprietor of the business.

Included within other debtors is a loan to Souster & Birch and the balance at 30 June 2024 was £249,592. Interest is being charged on the loan.