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Registration number: 09499932

JBS Food Consulting Limited
Unaudited Filleted Financial Statements
for the Period from 1 January 2024 to 30 September 2024

JBS Food Consulting Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

JBS Food Consulting Limited

Company Information

Director | Mr J Broke-Smith

Registered office | 28 Alexandra Terrace Exmouth Devon EX8 1BD

Accountants | Thompson Jenner LLP Chartered Accountants 28 Alexandra Terrace Exmouth Devon EX8 1BD

JBS Food Consulting Limited

(Registration number: 09499932)
Balance Sheet as at 30 September 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 5 | 8,882 | 10,931
Current assets |  |  |
Stocks | 6 | 42,000 | 26,100
Debtors | 7 | 336,560 | 221,408
Cash at bank and in hand |  | 79,646 | 32,284
|  | 458,206 | 279,792
Creditors: Amounts falling due within one year | 8 | (184,914) | (186,736)
Net current assets |  | 273,292 | 93,056
Total assets less current liabilities |  | 282,174 | 103,987
Creditors: Amounts falling due after more than one year | 8 | (1,472) | (3,129)
Provisions for liabilities |  | (2,178) | (2,044)
Net assets |  | 278,524 | 98,814
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | 278,523 | 98,813
Shareholders' funds |  | 278,524 | 98,814

For the financial period ending 30 September 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 period 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

JBS Food Consulting Limited

(Registration number: 09499932)
Balance Sheet as at 30 September 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 June 2025

......................................... Mr J Broke-Smith Director

JBS Food Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 September 2024

1 | General information

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

The address of its registered office is:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD
England

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

JBS Food Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 September 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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:

Asset class | Depreciation method and rate
Plant and machinery | 25% reducing balance
Fixtures and fittings | 25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
E-commerce website | Over 3 years

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.

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.

JBS Food Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 September 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
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 inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

JBS Food Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 September 2024

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

4 | Intangible assets

| Internally generated software development costs £ | Total £
Cost or valuation
At 1 January 2024 | 5,000 | 5,000
At 30 September 2024 | 5,000 | 5,000
Amortisation
At 1 January 2024 | 5,000 | 5,000
At 30 September 2024 | 5,000 | 5,000
Carrying amount
At 30 September 2024 | - | -

5 | Tangible assets

| Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 January 2024 | 13,208 | 15,646 | 28,854
At 30 September 2024 | 13,208 | 15,646 | 28,854
Depreciation
At 1 January 2024 | 8,737 | 9,186 | 17,923
Charge for the period | 838 | 1,211 | 2,049
At 30 September 2024 | 9,575 | 10,397 | 19,972
Carrying amount
At 30 September 2024 | 3,633 | 5,249 | 8,882
At 31 December 2023 | 4,471 | 6,460 | 10,931

JBS Food Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 September 2024

6 | Stocks

| 2024 £ | 2023 £
Other stocks | 42,000 | 26,100

7 | Debtors

| 2024 £ | 2023 £
Trade debtors | 271,346 | 209,170
Other debtors | 64,419 | 11,759
Prepayments and accrued income | 795 | 479
Total current trade and other debtors | 336,560 | 221,408

8 | Creditors

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 9 | 2,208 | 2,208
Trade creditors |  | 109,741 | 170,355
Taxation and social security |  | 69,804 | 8,419
Other creditors |  | 578 | 1,511
Accrued expenses |  | 2,583 | 4,243
|  | 184,914 | 186,736

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 9 | 1,472 | 3,129

9 | Loans and borrowings

Current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 2,208 | 2,208

Non-current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 1,472 | 3,129

JBS Food Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 September 2024

10 | Related party transactions

2024 | At 1 January 2024 £ | Advances to director £ | Repayments by director £ | At 30 September 2024 £
Interest free loan repayable on demand | - | 82,509 | (32,859) | 49,650

2023 | At 1 January 2023 £ | Advances to director £ | Repayments by director £ | At 31 December 2023 £
Interest free loan repayable on demand | 179,276 | 17,159 | (196,435) | -