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Company Registration No. 03526555 (England and Wales)
Jobel Limited Unaudited accounts for the year ended 30 November 2024
Jobel Limited Unaudited accounts Contents
Page
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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
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Jobel Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
235,958 
269,261 
Current assets
Inventories
24,887 
2,600 
Debtors
17,075 
20,433 
Cash at bank and in hand
39,189 
85,101 
81,151 
108,134 
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 
Capital and reserves
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
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Jobel Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Inventories
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.
Current taxation
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.
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Jobel Limited Notes to the Accounts for the year ended 30 November 2024
Deferred taxation
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.
Leased assets
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
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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,966 
14,662 
Accrued income and prepayments
7,109 
5,771 
17,075 
20,433 
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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 
VAT
3,204 
1,435 
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 
158,438 
215,769 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
3,447 
Obligations under finance leases and hire purchase contracts
- 
3,467 
- 
6,914 
8
Average number of employees
During the year the average number of employees was 10 (2023: 9).
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