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Company Registration No. 11826408 (England and Wales)
J & B Wholesale Ltd Unaudited accounts for the year ended 28 February 2025
J & B Wholesale Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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J & B Wholesale Ltd Company Information for the year ended 28 February 2025
Directors
Mrs T Mowlam Mr M Mowlam Mr B McFarlane
Company Number
11826408 (England and Wales)
Registered Office
J & B WHOLESALE CLIFTON BUILDINGS AVENUE ROAD FRESHWATER ISLE OF WIGHT PO40 9UT UNITED KINGDOM
Accountants
Hannah L Oatley Crofton 64 The Avenue Totland Bay Isle Of Wight PO39 0DN
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J & B Wholesale Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
15,829
19,304
Current assets
Inventories
16,825
16,271
Debtors
5
23,800
31,380
40,625
47,651
Creditors: amounts falling due within one year
6
(127,206)
(99,577)
Net current liabilities
(86,581)
(51,926)
Total assets less current liabilities
(70,752)
(32,622)
Creditors: amounts falling due after more than one year
7
(32,672)
(20,995)
Net liabilities
(103,424)
(53,617)
Capital and reserves
Called up share capital
50
50
Profit and loss account
(103,474)
(53,667)
Shareholders' funds
(103,424)
(53,617)
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2025 and were signed on its behalf by
Mr M Mowlam Director Company Registration No. 11826408
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J & B Wholesale Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
J & B Wholesale Ltd is a private company, limited by shares, registered in England and Wales, registration number 11826408. The registered office is J & B WHOLESALE CLIFTON BUILDINGS, AVENUE ROAD, FRESHWATER, ISLE OF WIGHT, PO40 9UT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% on a reducing balance basis
Motor vehicles
18% on a reducing balance basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
30,344
9,808
1,152
41,304
At 28 February 2025
30,344
9,808
1,152
41,304
Depreciation
At 1 March 2024
15,832
5,865
303
22,000
Charge for the year
2,612
710
153
3,475
At 28 February 2025
18,444
6,575
456
25,475
Net book value
At 28 February 2025
11,900
3,233
696
15,829
At 29 February 2024
14,512
3,943
849
19,304
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J & B Wholesale Ltd Notes to the Accounts for the year ended 28 February 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
552
4,008
Trade debtors
23,248
27,372
23,800
31,380
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
21,950
24,711
Trade creditors
99,620
71,537
Taxes and social security
2,688
3,329
Loans from directors
2,948
-
127,206
99,577
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
32,672
20,995
8
Average number of employees
During the year the average number of employees was 13 (2024: 13).
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