REGISTERED NUMBER: 12480769 (England and Wales)

JBT GLOBAL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTOR:

J B Thomas

REGISTERED OFFICE:

Unit 18 Bramshall Industrial Estate

Bramshall

Uttoxeter

Stafordshire

ST14 8TD

REGISTERED NUMBER:

12480769 (England and Wales)

ACCOUNTANTS:

The Rees Partnership

Bentley Bridge House

Chesterfield Road

Matlock

Derbyshire

DE4 5LE

FIXED ASSETS

Investments

3

1,658,560

1,658,560

CURRENT ASSETS

Debtors

52,200

4,800

Cash at bank

48

54,587

52,248

59,387

CREDITORS

Amounts falling due within one year

(280,826

)

(293,639

)

NET CURRENT LIABILITIES

(228,578

)

(234,252

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,429,982

1,424,308

CREDITORS

Amounts falling due after more than one year

(600,000

)

(737,226

)

NET ASSETS

829,982

687,082

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

829,882

686,982

829,982

687,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

J B Thomas - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

3.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2024

and 31 December 2024

1,658,560

NET BOOK VALUE

At 31 December 2024

1,658,560

At 31 December 2023

1,658,560

4.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

135,480

289,747

Robert Roebuck

726,879

726,879

862,359

1,016,626

HSBC bank hold fixed and floating charges over the assets of the company in respect of all money and liabilities owed or that become owing to it.

Robert Roebuck holds a floating charge over the assets of the company in respect of deferred liabilities owed in relation to the purchase of Chase Hardware Limited.

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company loaned the director £45,000 (2023 :£nil). At the year end the full value of the loan was owing to the company. Interest is chargeable on the loan at 2.25% per annum. The loan is repayable on demand.

6.	RELATED PARTY DISCLOSURES

There have been no material transactions with any related parties, other than those with the directors.

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, by virtue of their shareholdings.