J & B Plastering Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 5274809

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		62,282		87,829

			62,282		87,829
CURRENT ASSETS
Debtors	5	569,133		216,809
Cash at bank and in hand		127,076		301,507

		696,209		518,316
Creditors: Amounts Falling Due Within One Year	6	(672,345 )		(495,862 )

NET CURRENT ASSETS (LIABILITIES)			23,864		22,454

TOTAL ASSETS LESS CURRENT LIABILITIES			86,146		110,283

Creditors: Amounts Falling Due After More Than One Year	7		(4,415 )		(25,287 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(15,571 )		(21,456 )

NET ASSETS			66,160		63,540

CAPITAL AND RESERVES
Called up share capital	9		200		200
Profit and Loss Account			65,960		63,340

SHAREHOLDERS' FUNDS			66,160		63,540

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J & B Plastering Limited

Balance Sheet (continued)

As At 31 March 2025

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Mr Mark Jones

Director

30 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

J & B Plastering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 5274809 . The registered office is Jardan Bungalow, The Grove, Wattstown, RCT, CF39 0RA.

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 stated at cost less depreciation. 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	25% straight line
Motor Vehicles	25% straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.

...CONTINUED

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J & B Plastering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 16 (2024: 16)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	22,881	200,390	223,271
Additions	-	15,490	15,490

As at 31 March 2025	22,881	215,880	238,761

Depreciation
As at 1 April 2024	20,169	115,273	135,442
Provided during the period	1,109	39,928	41,037

As at 31 March 2025	21,278	155,201	176,479

Net Book Value
As at 31 March 2025	1,603	60,679	62,282

As at 1 April 2024	2,712	85,117	87,829

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	550,345	144,421
Prepayments and accrued income	9,900	9,900
Other debtors	2,880	5,198
VAT	6,008	29,911
Director's loan account	-	27,379

	569,133	216,809

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J & B Plastering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	11,654	19,388
Trade creditors	275,974	215,411
Bank loans and overdrafts	40,183	115,114
Corporation tax	9,027	98,246
Accruals and deferred income	32,371	47,629
Director's loan account	446	-
Amounts owed to group undertakings	302,690	74

	672,345	495,862

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	512	11,181
Bank loans	3,903	14,106

	4,415	25,287

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	11,654	19,388
Later than one year and not later than five years	512	11,181

	12,166	30,569

	12,166	30,569

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Mark Jones	27,379	-	27,379	-	-

The above loan is unsecured, bears interest at 2.25% and is repayable on demand.

11. Ultimate Controlling Party

The company's ultimate controlling party is Mark Jones by virtue of his holding 100% of the voting rights in J & B Group, the ultimate holding company.

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