Company Registration No. 03526555 (England and Wales)
Jobel Limited
Unaudited accounts
for the year ended 30 November 2024
Jobel Limited
Unaudited accounts
Contents
Jobel Limited
Company Information
for the year ended 30 November 2024
Directors
Mr M J Freeman
Mr D J Freeman
Company Number
03526555 (England and Wales)
Registered Office
3 Bounds Place
Millbay Road
Plymouth
Devon
PL1 3LS
Accountants
Blackwell Bate Ltd
Brunel Court
122 Fore Street
Saltash
Cornwall
PL12 6JW
Jobel Limited
Statement of financial position
as at 30 November 2024
Tangible assets
235,958
269,261
Cash at bank and in hand
39,189
85,101
Creditors: amounts falling due within one year
(158,438)
(215,769)
Net current liabilities
(77,287)
(107,635)
Total assets less current liabilities
158,671
161,626
Creditors: amounts falling due after more than one year
-
(6,914)
Provisions for liabilities
Deferred tax
(5,462)
(13,462)
Net assets
153,209
141,250
Called up share capital
4
4
Profit and loss account
153,205
141,246
Shareholders' funds
153,209
141,250
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by
Mr M J Freeman
Director
Company Registration No. 03526555
Jobel Limited
Notes to the Accounts
for the year ended 30 November 2024
Jobel Limited is a private company, limited by shares, registered in England and Wales, registration number 03526555. The registered office is 3 Bounds Place, Millbay Road , Plymouth, Devon, PL1 3LS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is recognised at the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% reducing balance
Motor vehicles
25% straight line
Fixtures & fittings
25% reducing balance
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Jobel Limited
Notes to the Accounts
for the year ended 30 November 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2023
231,459
6,688
197,453
25,366
460,966
Additions
-
1,293
2,917
2,418
6,628
Disposals
-
-
(106,627)
-
(106,627)
At 30 November 2024
231,459
7,981
93,743
27,784
360,967
At 1 December 2023
34,435
2,604
137,535
17,131
191,705
Charge for the year
1,970
1,256
32,104
2,305
37,635
On disposals
-
-
(104,331)
-
(104,331)
At 30 November 2024
36,405
3,860
65,308
19,436
125,009
At 30 November 2024
195,054
4,121
28,435
8,348
235,958
At 30 November 2023
197,024
4,084
59,918
8,235
269,261
Amounts falling due within one year
Trade debtors
9,966
14,662
Accrued income and prepayments
7,109
5,771
Jobel Limited
Notes to the Accounts
for the year ended 30 November 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
5,985
Obligations under finance leases and hire purchase contracts
3,467
21,064
Trade creditors
66,951
92,914
Taxes and social security
24,480
21,033
Other creditors
60,336
73,338
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
3,467
8
Average number of employees
During the year the average number of employees was 10 (2023: 9).