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Registration number: 13489611

J T Webb Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

J T Webb Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

J T Webb Ltd

Company Information

Director

Mr Jack Timothy Domonic Ubhie-Webb

Registered office

70 Pound Close
Lyneham
Chippenham
Wiltshire
SN15 4PJ

Accountants

RiverView Portfolio Limited 1 Market Hill
Calne
Wiltshire
SN11 0BT

 

J T Webb Ltd

(Registration number: 13489611)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

193,238

84,412

Current assets

 

Debtors

6

18,042

13,537

Cash at bank and in hand

 

608

1,590

 

18,650

15,127

Creditors: Amounts falling due within one year

7

(78,031)

(65,926)

Net current liabilities

 

(59,381)

(50,799)

Total assets less current liabilities

 

133,857

33,613

Creditors: Amounts falling due after more than one year

7

(275,952)

(117,993)

Net liabilities

 

(142,095)

(84,380)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(142,096)

(84,381)

Shareholders' deficit

 

(142,095)

(84,380)

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 25 April 2025
 

.........................................
Mr Jack Timothy Domonic Ubhie-Webb
Director

 

J T Webb Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
70 Pound Close
Lyneham
Chippenham
Wiltshire
SN15 4PJ

These financial statements were authorised for issue by the director on 25 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

J T Webb Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

38,492

7,179

 

J T Webb Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

53,521

36,129

89,650

Additions

9,264

138,054

147,318

At 31 July 2024

62,785

174,183

236,968

Depreciation

At 1 August 2023

3,824

1,414

5,238

Charge for the year

12,558

25,934

38,492

At 31 July 2024

16,382

27,348

43,730

Carrying amount

At 31 July 2024

46,403

146,835

193,238

At 31 July 2023

49,697

34,715

84,412

6

Debtors

Current

2024
£

2023
£

Trade debtors

17,989

9,514

Prepayments

53

-

Other debtors

-

4,023

 

18,042

13,537

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

14,690

7,951

Taxation and social security

10,285

917

Accruals and deferred income

1,500

5,750

Other creditors

51,556

51,308

78,031

65,926

 

J T Webb Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

7

Creditors (continued)

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

275,952

117,993

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

166,004

75,483

Other borrowings

109,948

42,510

275,952

117,993