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REGISTERED NUMBER: 02214686 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024

FOR

J F BIBBY (TRUCK SALES) LIMITED

J F BIBBY (TRUCK SALES) LIMITED (REGISTERED NUMBER: 02214686)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


J F BIBBY (TRUCK SALES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: J F Bibby
S G Bibby





SECRETARY: J F Bibby





REGISTERED OFFICE: 2 Warrington Road
WIDNES
Cheshire
WA8 0TD





REGISTERED NUMBER: 02214686 (England and Wales)





ACCOUNTANTS: Chandley Robinson Limited
Chartered Accountants
8A Manor Close
Cheadle Hulme
CHEADLE
Cheshire
SK8 7DJ

J F BIBBY (TRUCK SALES) LIMITED (REGISTERED NUMBER: 02214686)

STATEMENT OF FINANCIAL POSITION
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,713 65,618

CURRENT ASSETS
Debtors 5 15,318 19,747
Cash at bank 38,609 41,790
53,927 61,537
CREDITORS
Amounts falling due within one year 6 86,910 93,852
NET CURRENT LIABILITIES (32,983 ) (32,315 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,730

33,303

PROVISIONS FOR LIABILITIES 10,908 12,166
NET ASSETS 14,822 21,137

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,722 21,037
SHAREHOLDERS' FUNDS 14,822 21,137

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

J F BIBBY (TRUCK SALES) LIMITED (REGISTERED NUMBER: 02214686)

STATEMENT OF FINANCIAL POSITION - continued
30TH JUNE 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 16th January 2025 and were signed on its behalf by:





J F Bibby - Director


J F BIBBY (TRUCK SALES) LIMITED (REGISTERED NUMBER: 02214686)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

J F Bibby (Truck Sales) 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 net invoiced value of work done, less value added tax.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance and 10% on cost
Computer equipment - 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 2 (2023 - 2 ) .

J F BIBBY (TRUCK SALES) LIMITED (REGISTERED NUMBER: 02214686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st July 2023
and 30th June 2024 21,538 219,242 399 241,179
DEPRECIATION
At 1st July 2023 21,456 153,776 329 175,561
Charge for year 22 6,865 18 6,905
At 30th June 2024 21,478 160,641 347 182,466
NET BOOK VALUE
At 30th June 2024 60 58,601 52 58,713
At 30th June 2023 82 65,466 70 65,618

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,363 12,152
Other debtors 8,955 7,595
15,318 19,747

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,128 6,135
Taxation and social security 4,085 11,301
Other creditors 74,697 76,416
86,910 93,852

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the financial year end the directors' loan accounts were £73,013, (2023 - £74,213) in credit. The loans are repayable on demand.



8. RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 (2023 - £10,500) were paid to the directors .

J F BIBBY (TRUCK SALES) LIMITED (REGISTERED NUMBER: 02214686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


8. RELATED PARTY DISCLOSURES - continued

The company operates from premises owned by Mr J F Bibby a director. During the year no rent was paid for the use of the premises, by the company (2023 - £Nil).

During the year each of the directors received benefits in kind of £210.