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REGISTERED NUMBER: SC620276 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

JLB & SONS LIMITED

JLB & SONS LIMITED (REGISTERED NUMBER: SC620276)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


JLB & SONS LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J Lawson
Mrs L Lawson





REGISTERED OFFICE: Suite 411 Baltic Chambers
50 Wellington Street
Glasgow
G2 6HJ





REGISTERED NUMBER: SC620276 (Scotland)





ACCOUNTANTS: SD Business Management
Suite 411 Baltic Chambers
50 Wellington Street
Glasgow
Strathclyde
G2 6HJ

JLB & SONS LIMITED (REGISTERED NUMBER: SC620276)

Abridged Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 250,000 300,000
Tangible assets 5 575,396 528,730
825,396 828,730

CURRENT ASSETS
Stocks 18,600 18,600
Debtors 32,106 25,188
Cash at bank and in hand 1,135,071 833,874
1,185,777 877,662
CREDITORS
Amounts falling due within one year 293,525 209,027
NET CURRENT ASSETS 892,252 668,635
TOTAL ASSETS LESS CURRENT LIABILITIES 1,717,648 1,497,365

CREDITORS
Amounts falling due after more than one
year

(29,156

)

(38,744

)

PROVISIONS FOR LIABILITIES (33,908 ) (18,795 )
NET ASSETS 1,654,584 1,439,826

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 427,614 427,614
Retained earnings 1,225,970 1,011,212
SHAREHOLDERS' FUNDS 1,654,584 1,439,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

JLB & SONS LIMITED (REGISTERED NUMBER: SC620276)

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 March 2025 and were signed on its behalf by:





Mrs L Lawson - Director


JLB & SONS LIMITED (REGISTERED NUMBER: SC620276)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

JLB & Sons Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

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

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 28 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 500,000
AMORTISATION
At 1 July 2023 200,000
Amortisation for year 50,000
At 30 June 2024 250,000
NET BOOK VALUE

At 30 June 2024 250,000
At 30 June 2023 300,000

JLB & SONS LIMITED (REGISTERED NUMBER: SC620276)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 665,242
Additions 85,333
At 30 June 2024 750,575
DEPRECIATION
At 1 July 2023 136,512
Charge for year 38,667
At 30 June 2024 175,179
NET BOOK VALUE
At 30 June 2024 575,396
At 30 June 2023 528,730