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Registered number: 09500741
JB Development (Midlands) Ltd
Financial Statements
For The Year Ended 28 February 2025
Clear Path Accountancy
Dormer House
44 Town Green Street
Rothley
Leicestershire
LE7 7NU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09500741
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 35,267 43,431
35,267 43,431
CURRENT ASSETS
Stocks 5 99,677 99,677
Debtors 6 287 725
Cash at bank and in hand 5,560 2,810
105,524 103,212
Creditors: Amounts Falling Due Within One Year 7 (84,072 ) (47,245 )
NET CURRENT ASSETS (LIABILITIES) 21,452 55,967
TOTAL ASSETS LESS CURRENT LIABILITIES 56,719 99,398
Creditors: Amounts Falling Due After More Than One Year 8 (1,500 ) (11,500 )
NET ASSETS 55,219 87,898
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 55,217 87,896
SHAREHOLDERS' FUNDS 55,219 87,898
Page 1
Page 2
For the year ending 28 February 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Wendy Paling-Bell
Director
12 June 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JB Development (Midlands) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09500741 . The registered office is Dormer House, 44 Town Green Street, Rothley, Leicestershire, LE7 7NU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 15% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:  2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2024 23,617 73,354 3,872 100,843
Additions 352 - - 352
As at 28 February 2025 23,969 73,354 3,872 101,195
...CONTINUED
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Page 4
Depreciation
As at 1 March 2024 12,277 43,223 1,912 57,412
Provided during the period 1,832 7,737 295 9,864
Disposals (525 ) (816 ) (7 ) (1,348 )
As at 28 February 2025 13,584 50,144 2,200 65,928
Net Book Value
As at 28 February 2025 10,385 23,210 1,672 35,267
As at 1 March 2024 11,340 30,131 1,960 43,431
5. Stocks
2025 2024
£ £
Stock 99,677 99,677
6. Debtors
2025 2024
£ £
Due within one year
VAT - 438
Other taxes and social security 287 287
287 725
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 94 1,274
Bank loans and overdrafts 10,000 10,000
VAT 857 -
Accruals and deferred income 813 979
Directors' loan accounts 72,308 34,992
84,072 47,245
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,500 11,500
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 4