Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31true2024-04-01falsefalseNo description of principal activity1920The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05398303 2024-04-01 2025-03-31 05398303 2023-04-01 2024-03-31 05398303 2025-03-31 05398303 2024-03-31 05398303 c:Director3 2024-04-01 2025-03-31 05398303 d:Buildings 2024-04-01 2025-03-31 05398303 d:Buildings 2025-03-31 05398303 d:Buildings 2024-03-31 05398303 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 05398303 d:PlantMachinery 2024-04-01 2025-03-31 05398303 d:PlantMachinery 2025-03-31 05398303 d:PlantMachinery 2024-03-31 05398303 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 05398303 d:MotorVehicles 2024-04-01 2025-03-31 05398303 d:MotorVehicles 2025-03-31 05398303 d:MotorVehicles 2024-03-31 05398303 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 05398303 d:FurnitureFittings 2024-04-01 2025-03-31 05398303 d:FurnitureFittings 2025-03-31 05398303 d:FurnitureFittings 2024-03-31 05398303 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 05398303 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 05398303 d:Goodwill 2024-04-01 2025-03-31 05398303 d:Goodwill 2025-03-31 05398303 d:Goodwill 2024-03-31 05398303 d:CurrentFinancialInstruments 2025-03-31 05398303 d:CurrentFinancialInstruments 2024-03-31 05398303 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 05398303 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05398303 d:ShareCapital 2025-03-31 05398303 d:ShareCapital 2024-03-31 05398303 d:RetainedEarningsAccumulatedLosses 2025-03-31 05398303 d:RetainedEarningsAccumulatedLosses 2024-03-31 05398303 c:FRS102 2024-04-01 2025-03-31 05398303 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05398303 c:FullAccounts 2024-04-01 2025-03-31 05398303 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05398303 2 2024-04-01 2025-03-31 05398303 d:Goodwill d:OwnedIntangibleAssets 2024-04-01 2025-03-31 05398303 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Registered number: 05398303


JB SPECIALIST REFURBISHMENTS LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2025

 
JB SPECIALIST REFURBISHMENTS LTD
REGISTERED NUMBER: 05398303

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 4 
19,772
34,602

Tangible assets
 5 
313,174
323,704

  
332,946
358,306

Current assets
  

Debtors: amounts falling due within one year
 6 
413,316
638,406

Current asset investments
 7 
38,095
38,236

Bank and cash balances
  
611,957
1,081,742

  
1,063,368
1,758,384

Current liabilities
  

Creditors: amounts falling due within one year
 8 
(385,692)
(445,108)

Net current assets
  
 
 
677,676
 
 
1,313,276

Total assets less current liabilities
  
1,010,622
1,671,582

  

Net assets
  
1,010,622
1,671,582


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,010,522
1,671,482

  
1,010,622
1,671,582


Page 1

 
JB SPECIALIST REFURBISHMENTS LTD
REGISTERED NUMBER: 05398303

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M A C Mansfield
Director

Date: 18 July 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
JB SPECIALIST REFURBISHMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

JB Specialist Refurbishments Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Old Village Hall, Church Stree, Satry, PE28 5SZ. 
The company is 100% owned by JBSR Limited, a company registered in England and Wales with  registration 11696257.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
JB SPECIALIST REFURBISHMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
straight line
Fixtures and fittings
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
JB SPECIALIST REFURBISHMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2024 - 20).

Page 5

 
JB SPECIALIST REFURBISHMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2024
296,612



At 31 March 2025

296,612



Amortisation


At 1 April 2024
262,009


Charge for the year on owned assets
14,831



At 31 March 2025

276,840



Net book value



At 31 March 2025
19,772



At 31 March 2024
34,602



Page 6

 
JB SPECIALIST REFURBISHMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 April 2024
368,068
91,189
131,055
71,799
662,111


Additions
-
-
40,033
-
40,033


Disposals
-
(3,000)
(40,990)
(8,990)
(52,980)



At 31 March 2025

368,068
88,189
130,098
62,809
649,164



Depreciation


At 1 April 2024
91,618
76,868
104,985
64,934
338,405


Charge for the year on owned assets
6,857
3,447
15,583
2,800
28,687


Disposals
-
(2,467)
(20,495)
(8,140)
(31,102)



At 31 March 2025

98,475
77,848
100,073
59,594
335,990



Net book value



At 31 March 2025
269,593
10,341
30,025
3,215
313,174



At 31 March 2024
276,449
14,321
26,069
6,865
323,704


6.


Debtors

2025
2024
£
£


Trade debtors
377,874
582,917

Other debtors
4,957
23,175

Prepayments and accrued income
27,407
28,706

Tax recoverable
3,078
3,608

413,316
638,406


Page 7

 
JB SPECIALIST REFURBISHMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Current asset investments

2025
2024
£
£

Carrying amount of financial instruments measured at fair value through profit or loss
38,095
38,236



8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
45,406
52,630

Corporation tax
74,066
265,350

Other taxation and social security
134,093
28,337

Other creditors
20,971
31,843

Accruals and deferred income
111,156
66,948

385,692
445,108



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £29,749 (2024: £26,028). Contributions totalling £2,918 (2024: £3,527) were payable to the fund at the balance sheet date and are included in other creditors.


10.


Related party transactions

The Company has taken advantage of the exemptions in FRS 102 section 1A whereby it has not disclosed transactions with wholly owned subsidiary undertakings.


11.


Controlling party

The company is a wholly owned subsidiary of JBSR Ltd, a compay incorporated in England and Wales. The registered office of the parent company is The Old Village Hall, Church Street, Sawtry, PE28 5SZ


Page 8