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REGISTERED NUMBER: 00799475 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

JAYBEE ENGINEERING COMPANY (BRIGHTON)
LIMITED

JAYBEE ENGINEERING COMPANY (BRIGHTON)
LIMITED (REGISTERED NUMBER: 00799475)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JAYBEE ENGINEERING COMPANY (BRIGHTON)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: J F Benson
N J Benson
Mrs L H K Benson





SECRETARY: N J Benson





REGISTERED OFFICE: Unit B Rich Industrial Estate
Avis Way
Newhaven
East Sussex
BN9 0DU





REGISTERED NUMBER: 00799475 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

JAYBEE ENGINEERING COMPANY (BRIGHTON)
LIMITED (REGISTERED NUMBER: 00799475)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 186,751 218,851
Investments 5 3,000 3,000
189,751 221,851

CURRENT ASSETS
Stocks 6 6,810 7,150
Debtors 7 106,797 185,988
Cash at bank and in hand 81,572 108,284
195,179 301,422
CREDITORS
Amounts falling due within one year 8 140,842 194,423
NET CURRENT ASSETS 54,337 106,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,088

328,850

CREDITORS
Amounts falling due after more than one
year

9

(14,167

)

(41,267

)

PROVISIONS FOR LIABILITIES (41,417 ) (41,340 )
NET ASSETS 188,504 246,243

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 187,504 245,243
SHAREHOLDERS' FUNDS 188,504 246,243

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

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

JAYBEE ENGINEERING COMPANY (BRIGHTON)
LIMITED (REGISTERED NUMBER: 00799475)

BALANCE SHEET - continued
30TH APRIL 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 28th January 2025 and were signed on its behalf by:





N J Benson - Director


JAYBEE ENGINEERING COMPANY (BRIGHTON)
LIMITED (REGISTERED NUMBER: 00799475)

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

1. STATUTORY INFORMATION

Jaybee Engineering Company (Brighton) 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.

Significant judgements and estimates
No significant judgements have had to be made by the directors in preparing these financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance

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

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

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.


JAYBEE ENGINEERING COMPANY (BRIGHTON)
LIMITED (REGISTERED NUMBER: 00799475)

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

2. 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 or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Stock is also assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of stock or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

JAYBEE ENGINEERING COMPANY (BRIGHTON)
LIMITED (REGISTERED NUMBER: 00799475)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st May 2023 1,413,254 59,368 1,472,622
Additions 660 816 1,476
At 30th April 2024 1,413,914 60,184 1,474,098
DEPRECIATION
At 1st May 2023 1,204,129 49,642 1,253,771
Charge for year 31,468 2,108 33,576
At 30th April 2024 1,235,597 51,750 1,287,347
NET BOOK VALUE
At 30th April 2024 178,317 8,434 186,751
At 30th April 2023 209,125 9,726 218,851

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st May 2023
and 30th April 2024 190,000
DEPRECIATION
At 1st May 2023 83,526
Charge for year 15,971
At 30th April 2024 99,497
NET BOOK VALUE
At 30th April 2024 90,503
At 30th April 2023 106,474

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other investments 3,000 3,000

6. STOCKS
2024 2023
£    £   
Raw materials 6,810 7,150

JAYBEE ENGINEERING COMPANY (BRIGHTON)
LIMITED (REGISTERED NUMBER: 00799475)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 103,611 172,753
Other debtors 3,186 13,235
106,797 185,988

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 17,100 34,200
Trade creditors 56,369 53,940
Taxation and social security 39,481 45,020
Other creditors 17,892 51,263
140,842 194,423

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,167 24,167
Hire purchase contracts - 17,100
14,167 41,267