REGISTERED NUMBER: 04282843 (England and Wales)

Financial Statements

For The Year Ended 31 March 2025

for

JIB Services Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K J Holmes

A Green

SECRETARY:

K J Holmes

REGISTERED OFFICE:

Lovell House Sandpiper Court

Phoenix Business Park

EATON SOCON ST NEOTS

Cambridgeshire

PE19 8EP

REGISTERED NUMBER:

04282843 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

FIXED ASSETS

Tangible assets

4

217,821

224,163

Investment property

5

1,460,000

1,460,000

1,677,821

1,684,163

CURRENT ASSETS

Debtors

11,715

42,705

Cash at bank

342,175

222,191

353,890

264,896

CREDITORS

Amounts falling due within one year

701,421

677,573

NET CURRENT LIABILITIES

(347,531

)

(412,677

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,330,290

1,271,486

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,330,288

1,271,484

1,330,290

1,271,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 March 2025 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 Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by:

K J Holmes - Director

1.	STATUTORY INFORMATION

JIB Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost and Freehold land - Nil

Plant and machinery etc

-

10% on cost and Straight line over 8 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised costs. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments and are measured at amortised costs. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

456,957

DEPRECIATION

At 1 April 2024

232,794

Charge for year

6,342

At 31 March 2025

239,136

NET BOOK VALUE

At 31 March 2025

217,821

At 31 March 2024

224,163

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,460,000

NET BOOK VALUE

At 31 March 2025

1,460,000

At 31 March 2024

1,460,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2007

352,440

Valuation in 2013

(625,000

)

Valuation in 2018

295,000

Cost

1,437,560

1,460,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,437,560

1,437,560

Aggregate depreciation

(376,014

)

(350,947

)

Investment properties were valued on an open market value basis on 31 March 2024 by the Directors .

Investment property comprises of two commercial buildings. The fair value of the investment property at 31 March 2024 had been arrived at on the basis of a valuation carried out at April 2018 by Barker Storey Matthews Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. In the opinion of the directors the professional valuation in 2018 reasonably reflects their values at 31 March 2024.

In the event of the property being sold at its revalued amount, there would be no additional liability to tax.

6.	RELATED PARTY DISCLOSURES