Company Registration No. 07961208 (England and Wales)
JAB SITE MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
Vivian House
Newham Road
Truro
Cornwall
United Kingdom
TR1 2DP
JAB SITE MANAGEMENT LIMITED
CONTENTS
Page
Company information
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
JAB SITE MANAGEMENT LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
41,683
65,351
Investments
5
2,305
2,305
43,988
67,656
Current assets
Debtors
6
104,507
311,924
Cash at bank and in hand
227,333
121,667
331,840
433,591
Creditors: amounts falling due within one year
7
(83,940)
(246,677)
Net current assets
247,900
186,914
Total assets less current liabilities
291,888
254,570
Creditors: amounts falling due after more than one year
8
(26,547)
(43,495)
Provisions for liabilities
(10,421)
(16,338)
Net assets
254,920
194,737
Capital and reserves
Called up share capital
300
300
Profit and loss reserves
254,620
194,437
Total equity
254,920
194,737
JAB SITE MANAGEMENT LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 26 August 2025
Mr D Bladon
Director
Company registration number 07961208 (England and Wales)
JAB SITE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information
JAB Site Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Carriage Works, Moresk Road, Truro, Cornwall, United Kingdom, TR1 1DG.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for 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.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
20% reducing balance and 33% straight line
Computers
33% straight line
Motor vehicles
25% reducing balance
JAB SITE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
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.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
JAB SITE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
5
5
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
288,898
Additions
5,741
Disposals
(21,250)
At 31 March 2025
273,389
Depreciation and impairment
At 1 April 2024
223,547
Depreciation charged in the year
27,282
Eliminated in respect of disposals
(19,123)
At 31 March 2025
231,706
Carrying amount
At 31 March 2025
41,683
At 31 March 2024
65,351
The net book value of assets held under hire purchase contracts at 31 March 2025: £13,948 (2024: 27,897.) The depreciation charge for the year was was £13,948. (2024: £13,948.)
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
2,305
2,305
JAB SITE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
99,348
295,775
Amounts owed by group undertakings
5,557
Other debtors
5,159
10,592
104,507
311,924
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,054
Trade creditors
1,979
10,868
Amounts owed to group undertakings
1,422
Corporation tax
63,255
51,960
Other taxation and social security
8,362
13,950
Other creditors
10,344
158,423
83,940
246,677
Included within other creditors is £3,703 of liabilities relating to assets purchased on Hire Purchase. These liabilities are secure don the asset purchased. (2024: £3,706.)
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
13,247
Other creditors
26,547
30,248
26,547
43,495
Included within other creditors is £26,547 of liabilities relating to assets purchased on Hire Purchase. These liabilities are secure don the asset purchased. (2024: £30,248.)
JAB SITE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
9
Hire purchase obligations
2025
2024
Future minimum lease payments due under hire purchase agreements;
£
£
Within one year
3,703
3,708
In two to five years
26,547
30,248
30,250
33,956
Hire purchase payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.
10
Related party transactions
The Director withdrew net funds of £121,182 from his current account during the year. At 31 March 2025, the Director was owed £2,038. (2024 £123,219).
The Director's current accounts are free of interest and repayable on demand.