JB Engineering Supplies Limited |
Registered Number:NI060519 |
For the year ended 31 August 2024
Northern Ireland
Unaudited Financial Statements
For the year ended 31 August 2024
JB Engineering Supplies Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
JB Engineering Supplies Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
189,170
185,671
2
189,170
185,671
65,600
62,045
3
Trade and other receivables |
87,939
60,094
4
135
Cash and cash equivalents |
9,611
131,750
153,674
Trade and other payables: amounts falling due within one |
year |
(84,870)
(99,247)
5
68,804
32,503
Net current assets
Total assets less current liabilities |
221,673
254,475
Trade and other payables: amounts falling due after more |
than one year |
(37,377)
(26,913)
6
(21,877)
(21,596)
Provisions for liabilities |
172,883
Net assets
195,502
40,002
40,002
132,881
155,500
172,883
195,502
Shareholders' funds
For the year ended 31 August 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr John Buchanan Director |
These financial statements were approved and authorised for issue by the Board on 06 March 2025 and were signed by: |
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For the year ended 31 August 2024
JB Engineering Supplies Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 August 2024
JB Engineering Supplies Limited
Notes to the Financial Statements
Statutory Information
JB Engineering Supplies Limited is a private limited company, limited by shares, domiciled in Northern Ireland, |
registration number NI060519. |
38 Tullywinny Road
Ballygawley
Dungannon
County Tyrone
BT70 2NA
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Plant and Machinery
Computer Equipment
Motor Vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 August 2024
JB Engineering Supplies Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
420,207
4,173
30,179
300,755
85,100
25,590
1,610
23,980
-
-
300,755
54,159
5,783
445,797
85,100
Provision for depreciation and impairment |
234,536
3,346
7,760
209,616
13,814
Charge for year
22,091
609
6,960
13,671
851
256,627
3,955
14,720
223,287
14,665
70,435
77,468
39,439
1,828
189,170
71,286
91,139
22,419
827
185,671
2023
2024
62,045
65,600
4. Trade and other receivables |
2023
2024
60,094
82,902
-
5,037
87,939
60,094
5. Trade and other payables: amounts falling due within one year |
2023
2024
11,544
12,703
10,819
13,215
Taxation and social security |
6,348
14,554
70,536
44,398
99,247
84,870
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For the year ended 31 August 2024
JB Engineering Supplies Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
15,196
19,944
11,717
17,433
26,913
37,377
7. Average number of persons employed |
During the year the average number of employees was 11 (2023 : 12)
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