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JB CLASSICS LTD

Registered Number
14356578
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

JB CLASSICS LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

BATH, Jonathan Richard

Registered Address

Apartment 401 Charles Hayward Building
6 Goldsmiths Row
London
E2 8FU

Registered Number

14356578 (England and Wales)
JB CLASSICS LTD
Statement of Financial Position
30 September 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks3427,022292,529
Debtors42,2967,286
Cash at bank and on hand3,2266,613
432,544306,428
Creditors amounts falling due within one year5(437,378)(308,797)
Net current assets (liabilities)(4,834)(2,369)
Total assets less current liabilities(4,834)(2,369)
Net assets(4,834)(2,369)
Capital and reserves
Called up share capital22
Profit and loss account(4,836)(2,371)
Shareholders' funds(4,834)(2,369)
The financial statements were approved and authorised for issue by the Director on 27 May 2025, and are signed on its behalf by:
BATH, Jonathan Richard
Director
Registered Company No. 14356578
JB CLASSICS LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
The director is aware of his responsibilities whilst trading insolvent and will not seek to repay his directors loan until the company is in a position to do so.
Turnover policy
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year11
3.Stocks

2024

2023

££
Raw materials and consumables427,022292,529
Total427,022292,529
4.Debtors: amounts due within one year

2024

2023

££
Other debtors1,7527,011
Prepayments and accrued income544275
Total2,2967,286
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-19,641
Other creditors436,093287,956
Accrued liabilities and deferred income1,2851,200
Total437,378308,797