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REGISTERED NUMBER: 05175778 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

J.P.B. Electrical Limited

J.P.B. Electrical Limited (Registered number: 05175778)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.P.B. Electrical Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr J Benson
Mrs S Benson





SECRETARY: Mr J Benson





REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh
Benfleet
Essex
SS7 2QL





REGISTERED NUMBER: 05175778 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

J.P.B. Electrical Limited (Registered number: 05175778)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,577 38,107
Investment property 5 867,000 867,000
897,577 905,107

CURRENT ASSETS
Stocks 6 3,920 3,750
Debtors 7 130,954 91,348
Cash at bank 582,105 594,985
716,979 690,083
CREDITORS
Amounts falling due within one year 8 132,614 207,387
NET CURRENT ASSETS 584,365 482,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,481,942

1,387,803

CREDITORS
Amounts falling due after more than one
year

9

(19,789

)

(25,036

)

PROVISIONS FOR LIABILITIES (42,634 ) (42,634 )
NET ASSETS 1,419,519 1,320,133

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 127,903 65,235
Retained earnings 1,291,614 1,254,896
SHAREHOLDERS' FUNDS 1,419,519 1,320,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.P.B. Electrical Limited (Registered number: 05175778)

Balance Sheet - continued
31 July 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 21 February 2025 and were signed on its behalf by:





Mr J Benson - Director


J.P.B. Electrical Limited (Registered number: 05175778)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

J.P.B. Electrical 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 as modified by the revaluation of certain assets.

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 - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

J.P.B. Electrical Limited (Registered number: 05175778)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 29,029 6,325 44,535 9,348 89,237
Additions - - - 2,056 2,056
At 31 July 2024 29,029 6,325 44,535 11,404 91,293
DEPRECIATION
At 1 August 2023 23,270 1,967 19,484 6,409 51,130
Charge for year 970 1,089 6,263 1,264 9,586
At 31 July 2024 24,240 3,056 25,747 7,673 60,716
NET BOOK VALUE
At 31 July 2024 4,789 3,269 18,788 3,731 30,577
At 31 July 2023 5,759 4,358 25,051 2,939 38,107

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 867,000
NET BOOK VALUE
At 31 July 2024 867,000
At 31 July 2023 867,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2023 867,000

6. STOCKS
31.7.24 31.7.23
£    £   
Stock and Work in Progress 3,920 3,750

J.P.B. Electrical Limited (Registered number: 05175778)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 117,434 81,348
Other debtors 10,000 10,000
VAT 3,520 -
130,954 91,348

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 79 -
Hire purchase contracts 5,247 5,247
Trade creditors 22,580 11,257
Tax 100,348 78,060
Social security and other taxes 1,357 1,701
VAT - 9,551
Directors' current accounts 3 98,571
Accruals and deferred income 3,000 3,000
132,614 207,387

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 19,789 25,036

10. RESERVES
Fair
value
reserve
£   
At 1 August 2023 65,235
movement 62,668

At 31 July 2024 127,903