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REGISTERED NUMBER: 07268807 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

JBC Accountants Limited

JBC Accountants Limited (Registered number: 07268807)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JBC Accountants Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr J A Benson
Mr P J Riggall
Mrs L Dickson





REGISTERED OFFICE: 3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH





REGISTERED NUMBER: 07268807 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

JBC Accountants Limited (Registered number: 07268807)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 140,456 163,195
Tangible assets 5 10,124 7,820
150,580 171,015

CURRENT ASSETS
Stocks 15,540 21,033
Debtors 6 270,856 225,304
Cash at bank and in hand 1,650 73,448
288,046 319,785
CREDITORS
Amounts falling due within one year 7 240,370 263,411
NET CURRENT ASSETS 47,676 56,374
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,256

227,389

CREDITORS
Amounts falling due after more than one
year

8

(26,373

)

(42,688

)

PROVISIONS FOR LIABILITIES (2,433 ) (1,337 )
NET ASSETS 169,450 183,364

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 169,349 183,263
SHAREHOLDERS' FUNDS 169,450 183,364

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.

JBC Accountants Limited (Registered number: 07268807)

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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:




Mr P J Riggall - Director Mr J A Benson - Director




Mrs L Dickson - Director


JBC Accountants Limited (Registered number: 07268807)

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

1. STATUTORY INFORMATION

JBC Accountants 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2010 and 2013, is being amortised evenly over its estimated useful life of twenty 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 - 10% on cost
Plant and machinery etc - 50% on cost, 25% on cost and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell.
Cost is calculated using the first-in, first-out method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted bt the balance sheet date.

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 24 (2023 - 21 ) .

JBC Accountants Limited (Registered number: 07268807)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 July 2023
and 30 June 2024 454,785
AMORTISATION
At 1 July 2023 291,590
Charge for year 22,739
At 30 June 2024 314,329
NET BOOK VALUE
At 30 June 2024 140,456
At 30 June 2023 163,195

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 July 2023 3,913 55,818 59,731
Additions - 7,454 7,454
At 30 June 2024 3,913 63,272 67,185
DEPRECIATION
At 1 July 2023 3,130 48,781 51,911
Charge for year 391 4,759 5,150
At 30 June 2024 3,521 53,540 57,061
NET BOOK VALUE
At 30 June 2024 392 9,732 10,124
At 30 June 2023 783 7,037 7,820

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£ £
Trade debtors 222,179 147,010
Other debtors 48,677 78,294
270,856 225,304

JBC Accountants Limited (Registered number: 07268807)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£ £
Bank loans and overdrafts 6,270 6,328
Trade creditors 14,841 30,955
Taxation and social security 183,300 165,980
Other creditors 35,959 60,148
240,370 263,411

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/24 30/6/23
£ £
Bank loans 26,373 42,688

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30/6/24 30/6/23
£ £
Mr P J Riggall
Balance outstanding at start of year 20,098 23,494
Amounts advanced 71,950 69,489
Amounts repaid (72,106 ) (72,885 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,942 20,098

Interest of 2.25% has been charged on the above loan.