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REGISTERED NUMBER: 09574130 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

James Babb Workshops Limited

James Babb Workshops Limited (Registered number: 09574130)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


James Babb Workshops Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: J A Babb





REGISTERED OFFICE: The Old Dryer
Hinton Business Park
Tarrant Hinton
Blandford
Dorset
DT11 8JF





REGISTERED NUMBER: 09574130 (England and Wales)





ACCOUNTANTS: KingsBere Accountants Limited
The Old Dryer
Hinton Business Park
Tarrant Hinton
Blandford Forum
Dorset
DT11 8JF

James Babb Workshops Limited (Registered number: 09574130)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,289 8,735

CURRENT ASSETS
Stocks 11,700 2,000
Debtors 5 12,293 5,620
Cash at bank 10,195 1
34,188 7,621
CREDITORS
Amounts falling due within one year 6 49,571 47,519
NET CURRENT LIABILITIES (15,383 ) (39,898 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,094

)

(31,163

)

CREDITORS
Amounts falling due after more than
one year

7

34,216

35,710
NET LIABILITIES (39,310 ) (66,873 )

James Babb Workshops Limited (Registered number: 09574130)

Balance Sheet - continued
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (39,410 ) (66,973 )
SHAREHOLDERS' FUNDS (39,310 ) (66,873 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 26 February 2025 and were signed by:





J A Babb - Director


James Babb Workshops Limited (Registered number: 09574130)

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


1. STATUTORY INFORMATION

James Babb Workshops 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 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


James Babb Workshops Limited (Registered number: 09574130)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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
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.

3. EMPLOYEES AND DIRECTORS

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

James Babb Workshops Limited (Registered number: 09574130)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 45,495 3,310 1,189 49,994
Additions 6,000 - - 6,000
At 31 May 2024 51,495 3,310 1,189 55,994
DEPRECIATION
At 1 June 2023 37,981 2,632 646 41,259
Charge for year 4,005 169 272 4,446
At 31 May 2024 41,986 2,801 918 45,705
NET BOOK VALUE
At 31 May 2024 9,509 509 271 10,289
At 31 May 2023 7,514 678 543 8,735

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.24 31.5.23
£    £   
Trade debtors - 216
Other debtors 12,293 5,404
12,293 5,620

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts - 9,986
Trade creditors 11,354 1,944
Taxation and social security 6,479 8,067
Other creditors 31,738 27,522
49,571 47,519

James Babb Workshops Limited (Registered number: 09574130)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 34,216 35,710

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 June 2023 (66,973 )
Profit for the year 27,563
At 31 May 2024 (39,410 )