Company Registration No. 05888382 (England and Wales)
JNB Publishing Limited
Unaudited accounts for filing with The Registrar
for the year ended 31 December 2024
JNB Publishing Limited
Unaudited accounts for filing with The Registrar
Contents
JNB Publishing Limited
Statement of financial position
as at 31 December 2024
Tangible assets
410,906
422,977
Cash at bank and in hand
59,053
86,401
Creditors: amounts falling due within one year
(202,472)
(158,953)
Net current (liabilities)/assets
(4,681)
21,875
Total assets less current liabilities
406,225
444,852
Creditors: amounts falling due after more than one year
(189,865)
(221,230)
Provisions for liabilities
Deferred tax
(26,416)
(29,434)
Net assets
189,944
194,188
Called up share capital
1,000
1,000
Profit and loss account
188,944
193,188
Shareholders' funds
189,944
194,188
For the year ending 31 December 2024 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2025 and were signed on its behalf by
Jeremy Brown
Director
Company Registration No. 05888382
JNB Publishing Limited
Notes to the Accounts
for the year ended 31 December 2024
JNB Publishing Limited is a private company, limited by shares, registered in England and Wales, registration number 05888382. The registered office is The Treacle Factory, Unit 3 Imperial Court, Laporte Way, Luton, Bedfordshire, LU4 8FE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% reducing balance
Motor vehicles
18% reducing balance
Fixtures & fittings
20% Straight Line
Computer equipment
18% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Trade and other debtors are recognised at the transaction value, less any impairment.
Trade creditors are recognised at their transaction value. Other creditors are included at fair value.
JNB Publishing Limited
Notes to the Accounts
for the year ended 31 December 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Total
At 31 December 2024
527,922
Charge for the year
22,572
At 31 December 2024
117,016
At 31 December 2024
410,906
At 31 December 2023
422,977
5
Deferred taxation
2024
2023
Accelerated capital allowances
26,416
29,434
Provision at start of year
29,434
-
(Credited)/charged to the profit and loss account
(3,018)
29,434
Provision at end of year
26,416
29,434
6
Transactions with related parties
As at 31 December 2024 loans owed to directors totalled £400 (2023: £490). These loans are interest free and repayable on demand.
7
Average number of employees
During the year the average number of employees was 8 (2023: 8).