Company No: 11819834 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Mr Joshua Michael Baxter

REGISTERED OFFICE	Farthing Cottage The Street
	Pakenham
	Bury St. Edmunds
	IP31 2JU
	United Kingdom

BUSINESS ADDRESS	Farthing Cottage
	The Street
	Pakenham
	Bury St Edmunds
	Suffolk
	IP31 2JU
	United Kingdom

COMPANY NUMBER

11819834 (England and Wales)

ACCOUNTANT	Corbett Accountants Limited
	Bakersfield
	82 Station Road
	Soham
	Ely
	Cambridgeshire
	CB7 5DZ

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	21,573		23,501
		21,573		23,501
Current assets
Stocks		850		1,100
Debtors	4	13,447		21,830
Cash at bank and in hand		73		4,280
		14,370		27,210
Creditors: amounts falling due within one year	5	( 18,274)		( 12,438)
Net current (liabilities)/assets		(3,904)		14,772
Total assets less current liabilities		17,669		38,273
Creditors: amounts falling due after more than one year	6	( 12,000)		( 16,500)
Provision for liabilities	7	( 4,099)		( 4,465)
Net assets		1,570		17,308
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		1,470		17,208
Total shareholders' funds		1,570		17,308

For the financial year ending 31 March 2025 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 financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of JB Waterproofing Limited (registered number: 11819834) were approved and authorised for issue by the Director on 13 June 2025. They were signed on its behalf by:

Mr Joshua Michael Baxter Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

JB Waterproofing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Farthing Cottage The Street, Pakenham, Bury St. Edmunds, IP31 2JU, United Kingdom. The principal place of business is Farthing Cottage, The Street, Pakenham, Bury St Edmunds, Suffolk, IP31 2JU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and 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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	20 % reducing balance
Tools and equipment	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Vehicles		Tools and equipment		Total
	£		£		£
Cost
At 01 April 2024	22,500		9,785		32,285
Additions	0		3,463		3,463
At 31 March 2025	22,500		13,248		35,748
Accumulated depreciation
At 01 April 2024	4,500		4,284		8,784
Charge for the financial year	3,600		1,791		5,391
At 31 March 2025	8,100		6,075		14,175
Net book value
At 31 March 2025	14,400		7,173		21,573
At 31 March 2024	18,000		5,501		23,501

4. Debtors

	2025		2024
	£		£
Trade debtors	2,446		10,390
Other debtors	11,001		11,440
	13,447		21,830

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	0		205
Amounts owed to director	251		86
Corporation tax	10,417		3,656
Other taxation and social security	1,156		2,091
Obligations under finance leases and hire purchase contracts	4,500		4,500
Other creditors	1,950		1,900
	18,274		12,438

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	12,000		16,500

7. Provision for liabilities

	2025		2024
	£		£
Deferred tax	4,099		4,465

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
80 Ordinary A shares of £ 1.00 each	80		80
20 Ordinary B shares of £ 1.00 each	20		20
	100		100

9. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
The director charged the company for use of office during the year.	1,800		1,800
Included in creditors is a director's loan. The loan is interest free and there are no repayment terms.	251		86
Dividends were paid in the year in respect of shares held by the company's director.	42,500		41,500