BrightAccountsProduction v1.0.0 v1.0.0 2022-10-01 The company was not dormant during the period The company was trading for the entire period The principal activity is that of Television programme production activites 11 February 2025 2 2 NI633411 2023-09-30 NI633411 2022-09-30 NI633411 2021-09-30 NI633411 2022-10-01 2023-09-30 NI633411 2021-10-01 2022-09-30 NI633411 uk-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 NI633411 uk-curr:PoundSterling 2022-10-01 2023-09-30 NI633411 uk-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 NI633411 uk-bus:FullAccounts 2022-10-01 2023-09-30 NI633411 uk-bus:Director1 2022-10-01 2023-09-30 NI633411 uk-bus:Director2 2022-10-01 2023-09-30 NI633411 uk-bus:RegisteredOffice 2022-10-01 2023-09-30 NI633411 uk-bus:Agent1 2022-10-01 2023-09-30 NI633411 uk-bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 NI633411 uk-core:ShareCapital 2023-09-30 NI633411 uk-core:ShareCapital 2022-09-30 NI633411 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI633411 uk-core:RetainedEarningsAccumulatedLosses 2022-09-30 NI633411 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 NI633411 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-09-30 NI633411 uk-bus:FRS102 2022-10-01 2023-09-30 NI633411 uk-core:MotorVehicles 2022-10-01 2023-09-30 NI633411 uk-core:WithinOneYear 2023-09-30 NI633411 uk-core:WithinOneYear 2022-09-30 NI633411 uk-core:EmployeeBenefits 2022-09-30 NI633411 uk-core:EmployeeBenefits 2022-10-01 2023-09-30 NI633411 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-09-30 NI633411 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-09-30 NI633411 uk-core:OtherDeferredTax 2023-09-30 NI633411 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-09-30 NI633411 uk-core:EmployeeBenefits 2023-09-30 NI633411 2022-10-01 2023-09-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI633411
 
 
J & B Practical Electrics Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 September 2023



J & B Practical Electrics Ltd
DIRECTORS AND OTHER INFORMATION

 
Directors Brett McCrum
John Noble
 
 
Company Registration Number NI633411
 
 
Registered Office and Business Address 13 Twinburn Park
Newtownabbey
BT37 0EP
 
 
Accountants Quarter
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
BT1 1PG
United Kingdom
 
 
Bankers Santander
  25-29 Royal Avenue
  Belfast
  BT1 1FB



J & B Practical Electrics Ltd

CHARTERED ACCOUNTANTS REPORT
to the Board of Directors on the Compilation of the unaudited financial statements of J & B Practical Electrics Ltd
for the financial year ended 30 September 2023
 
In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 30 September 2023 as set out on pages  to 11 which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the Board of Directors of J & B Practical Electrics Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Statement of Financial Position for the year ended 30 September 2023 your duty to ensure that J & B Practical Electrics Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J & B Practical Electrics Ltd. You consider that J & B Practical Electrics Ltd is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of J & B Practical Electrics Ltd. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
 
 
 
__________________________________
QUARTER
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
BT1 1PG
United Kingdom
 
11 February 2025



J & B Practical Electrics Ltd
Company Registration Number: NI633411
STATEMENT OF FINANCIAL POSITION
as at 30 September 2023

2023 2022
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 1,000 2,000
───────── ─────────
 
Current Assets
Debtors 5 - 1,919
Cash and cash equivalents 51,536 37,887
───────── ─────────
51,536 39,806
───────── ─────────
Creditors: amounts falling due within one year 6 (3,884) (2,875)
───────── ─────────
Net Current Assets 47,652 36,931
───────── ─────────
Total Assets less Current Liabilities 48,652 38,931
 
Provisions for liabilities 8 (190) (380)
───────── ─────────
Net Assets 48,462 38,551
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 48,460 38,549
───────── ─────────
Equity attributable to owners of the company 48,462 38,551
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
           
For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 11 February 2025 and signed on its behalf by
           
           
________________________________          
Brett McCrum          
Director          
           



J & B Practical Electrics Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2023

   
1. General Information
 
J & B Practical Electrics Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI633411. The registered office of the company is 13 Twinburn Park, Newtownabbey, BT37 0EP which is also the principal place of business of the company. The principal activity is that of Television programme production activites The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 September 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Motor vehicles - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2022 - 2).
 
  2023 2022
  Number Number
 
Directors 2 2
  ═════════ ═════════
       
4. Property, plant and equipment
  Motor Total
  vehicles  
     
  £ £
Cost
At 1 October 2022 5,000 5,000
  ───────── ─────────
 
At 30 September 2023 5,000 5,000
  ───────── ─────────
Depreciation
At 1 October 2022 3,000 3,000
Charge for the financial year 1,000 1,000
  ───────── ─────────
At 30 September 2023 4,000 4,000
  ───────── ─────────
Net book value
At 30 September 2023 1,000 1,000
  ═════════ ═════════
At 30 September 2022 2,000 2,000
  ═════════ ═════════
       
5. Debtors 2023 2022
  £ £
 
Trade debtors - 1,919
  ═════════ ═════════
       
6. Creditors 2023 2022
Amounts falling due within one year £ £
 
Trade creditors 120 -
Taxation  (Note 7) 2,514 1,625
Accruals 1,250 1,250
  ───────── ─────────
  3,884 2,875
  ═════════ ═════════
       
7. Taxation 2023 2022
  £ £
 
Creditors:
Corporation tax 2,514 1,625
  ═════════ ═════════
         
8. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2023 2022
  £ £ £
 
At financial year start 380 380 618
Charged to profit and loss (190) (190) (238)
  ───────── ───────── ─────────
At financial year end 190 190 380
  ═════════ ═════════ ═════════
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 September 2023.
   
10. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.