2023-09-01 NI060519 2024-08-31 NI060519 2023-09-01 2024-08-31 NI060519 2023-08-31 NI060519 2022-09-01 2023-08-31 NI060519 uk-core:WithinOneYear 2023-08-31 NI060519 uk-core:WithinOneYear 2024-08-31 NI060519 uk-core:AfterOneYear 2023-08-31 NI060519 uk-core:AfterOneYear 2024-08-31 NI060519 uk-core:ShareCapital 2024-08-31 NI060519 uk-core:ShareCapital 2023-08-31 NI060519 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 NI060519 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 NI060519 uk-bus:Director1 2023-09-01 2024-08-31 NI060519 uk-core:LandBuildings 2023-09-01 2024-08-31 NI060519 uk-core:PlantMachinery 2023-09-01 2024-08-31 NI060519 uk-core:OfficeEquipment 2023-09-01 2024-08-31 NI060519 uk-core:Vehicles 2023-09-01 2024-08-31 NI060519 uk-core:OfficeEquipment 2023-08-31 NI060519 uk-core:Vehicles 2023-08-31 NI060519 uk-core:PlantMachinery 2023-08-31 NI060519 uk-core:LandBuildings 2023-08-31 NI060519 uk-core:PlantMachinery 2024-08-31 NI060519 uk-core:Vehicles 2024-08-31 NI060519 uk-core:OfficeEquipment 2024-08-31 NI060519 uk-core:LandBuildings 2024-08-31 NI060519 uk-core:WithinOneYear 2024-08-31 NI060519 uk-core:WithinOneYear 2023-08-31 NI060519 uk-core:AfterOneYear uk-core:Secured 2024-08-31 NI060519 uk-core:AfterOneYear uk-core:Secured 2023-08-31 iso4217:GBP xbrli:pure NI060519 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 NI060519 uk-bus:FRS102 2023-09-01 2024-08-31 NI060519 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 NI060519 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
JB Engineering Supplies Limited
Registered Number:NI060519
For the year ended 31 August 2024
Northern Ireland
Unaudited Financial Statements
2
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
3
Registered Number :
NI060519
As at 31 August 2024
JB Engineering Supplies Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
189,170
185,671
2
189,170
185,671
Current assets
Inventories
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
Capital and reserves
Called up share capital
40,002
40,002
Retained earnings
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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4
Registered Number :
NI060519
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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5
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.
Registered address:
38 Tullywinny Road
Ballygawley
Dungannon
County Tyrone
BT70 2NA
The presentation currency is £ sterling.
1. Accounting policies
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
1% Straight line
Plant and Machinery
15% Reducing balance
25% Reducing balance
Computer Equipment
15% Reducing balance
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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6
For the year ended 31 August 2024
JB Engineering Supplies Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 September 2023
420,207
4,173
30,179
300,755
85,100
25,590
1,610
23,980
-
-
Additions
At 31 August 2024
300,755
54,159
5,783
445,797
85,100
Provision for depreciation and impairment
At 01 September 2023
234,536
3,346
7,760
209,616
13,814
Charge for year
22,091
609
6,960
13,671
851
At 31 August 2024
256,627
3,955
14,720
223,287
14,665
At 31 August 2024
Net book value
70,435
77,468
39,439
1,828
189,170
At 31 August 2023
71,286
91,139
22,419
827
185,671
3. Inventories
2023
2024
£
£
Stocks
62,045
65,600
4. Trade and other receivables
2023
2024
£
£
Trade debtors
60,094
82,902
Other debtors
-
5,037
87,939
60,094
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
11,544
12,703
Trade creditors
10,819
13,215
Taxation and social security
6,348
14,554
Other creditors
70,536
44,398
99,247
84,870
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7
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
£
£
Bank loans and overdraft
15,196
19,944
Other creditors
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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