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REGISTRAR OF COMPANIES |
Registration number:
1 December 2024 to
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REGISTRAR OF COMPANIES |
Registration number:
1 December 2024 to
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J D Bamber Limited
Contents
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
J D Bamber Limited
for the Period Ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J D Bamber Limited for the period ended 28 February 2025 as set out on pages 2 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of J D Bamber Limited, as a body, in accordance with the terms of our engagement letter dated 1 July 2024. Our work has been undertaken solely to prepare for your approval the accounts of J D Bamber Limited and state those matters that we have agreed to state to the Board of Directors of J D Bamber Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J D Bamber Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that J D Bamber Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of J D Bamber Limited. You consider that J D Bamber Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of J D Bamber Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Chartered Accountants
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW
J D Bamber Limited
(Registration number: 06970996)
Balance Sheet as at 28 February 2025
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Note |
28 February 2025 |
30 November 2024 |
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Fixed assets |
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Intangible assets |
- |
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Tangible assets |
- |
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- |
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Current assets |
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Stocks |
- |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
- |
( |
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Net assets |
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Capital and reserves |
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Allotted, called up and fully paid share capital |
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Profit and loss account |
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Total equity |
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J D Bamber Limited
(Registration number: 06970996)
Balance Sheet as at 28 February 2025 (continued)
For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
.........................................
J D Bamber
Director
.........................................
L E Bamber
Director
J D Bamber Limited
Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 28 February 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Disclosure of long or short period
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
J D Bamber Limited
Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 28 February 2025 (continued)
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Land and buildings |
2% straight line basis |
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Plant and equipment |
15% reducing balance basis |
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Motor vehicles |
25% reducing balance basis |
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Furniture, fittings and office equipment |
15% reducing balance basis |
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
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Asset class |
Amortisation method and rate |
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Goodwill |
Straight line basis to 2025 |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
J D Bamber Limited
Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 28 February 2025 (continued)
Trade debtors
Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
J D Bamber Limited
Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 28 February 2025 (continued)
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Intangible assets |
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Goodwill |
Total |
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Cost or valuation |
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At 1 December 2024 |
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Disposals |
( |
( |
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At 28 February 2025 |
- |
- |
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Amortisation |
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At 1 December 2024 |
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Amortisation charge |
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Amortisation eliminated on disposals |
( |
( |
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At 28 February 2025 |
- |
- |
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Carrying amount |
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At 28 February 2025 |
- |
- |
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At 30 November 2024 |
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Tangible assets |
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Land and buildings |
Plant and equipment |
Motor vehicles |
Furniture, fittings and office equipment |
Total |
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Cost or valuation |
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At 1 December 2024 |
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Disposals |
( |
( |
( |
( |
( |
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At 28 February 2025 |
- |
- |
- |
- |
- |
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Depreciation |
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At 1 December 2024 |
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Charge for the period |
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Eliminated on disposal |
( |
( |
( |
( |
( |
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At 28 February 2025 |
- |
- |
- |
- |
- |
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Carrying amount |
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At 28 February 2025 |
- |
- |
- |
- |
- |
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At 30 November 2024 |
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J D Bamber Limited
Notes to the Unaudited Financial Statements for the Period from 1 December 2024 to 28 February 2025 (continued)
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Debtors |
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28 February 2025 |
30 November 2024 |
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Trade debtors |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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Creditors |
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28 February 2025 |
30 November 2024 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Corporation tax liability |
434,770 |
249,045 |
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Other creditors |
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Related party transactions |
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Transactions with directors |
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2025 |
At 1 December 2024 |
Advances |
Repayments |
Other payments |
Dividends credited |
Interest |
At 28 February 2025 |
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J D Bamber |
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Loan |
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- |
- |
- |
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2,695 |
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2024 |
At 1 December 2023 |
Advances |
Repayments |
Other payments |
Dividends credited |
Interest |
At 30 November 2024 |
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J D Bamber |
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Loan |
- |
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- |
- |
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7,133 |
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Directors' advances are repayable on demand.
Interest has been charged at a rate of 2.25% on advances to directors.