REGISTERED NUMBER: NI644092 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

JEBCO FOODS LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTOR:

N McMullan

REGISTERED OFFICE:

3 Meadow Road

Moira

Co. Armagh

BT67 0HH

REGISTERED NUMBER:

NI644092 (Northern Ireland)

ACCOUNTANTS:

Lynn Drake & Co Ltd

Chartered Accountants

1st Floor

34 B-D Main Street

Moira

Co. Armagh

BT67 0LE

FIXED ASSETS

Tangible assets

5

1,247,085

1,180,817

CURRENT ASSETS

Stocks

333,570

334,202

Debtors

6

653,989

1,334,320

Cash at bank and in hand

58,260

86,809

1,045,819

1,755,331

CREDITORS

Amounts falling due within one year

7

1,212,801

1,836,961

NET CURRENT LIABILITIES

(166,982

)

(81,630

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,080,103

1,099,187

CREDITORS

Amounts falling due after more than one year

8

(35,207

)

(25,000

)

PROVISIONS FOR LIABILITIES

9

(73,873

)

(67,437

)

NET ASSETS

971,023

1,006,750

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

970,923

1,006,650

SHAREHOLDERS' FUNDS

971,023

1,006,750

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 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.

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

The financial statements were approved by the director and authorised for issue on 10 December 2025 and were signed by:

N McMullan - Director

1.	STATUTORY INFORMATION

JEBCO FOODS LIMITED is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on Reducing Balance

Motor vehicles

-

20% on Reducing Balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment ar recognised in the profit and loss account in other administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 17 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

808,008

502,379

12,411

84,985

1,407,783

Additions

-

82,998

-

49,693

132,691

At 31 March 2025

808,008

585,377

12,411

134,678

1,540,474

DEPRECIATION

At 1 April 2024

-

207,615

4,202

15,149

226,966

Charge for year

-

50,657

971

14,795

66,423

At 31 March 2025

-

258,272

5,173

29,944

293,389

NET BOOK VALUE

At 31 March 2025

808,008

327,105

7,238

104,734

1,247,085

At 31 March 2024

808,008

294,764

8,209

69,836

1,180,817

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

73,995

Additions

49,693

At 31 March 2025

123,688

DEPRECIATION

At 1 April 2024

7,400

Charge for year

14,147

At 31 March 2025

21,547

NET BOOK VALUE

At 31 March 2025

102,141

At 31 March 2024

66,595

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

612,722

954,074

Other debtors

100

100

Directors' current accounts

-

351,000

VAT

35,331

23,577

Prepayments

5,836

5,569

653,989

1,334,320

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

282,714

493,430

Hire purchase contracts

10,000

10,000

Trade creditors

601,232

609,820

Tax

70,509

67,344

Social security and other taxes

4,482

5,976

ROI Revenue Commissioners

2,263

2,176

Pension creditor

922

885

Other creditors

201,120

636,830

Directors' current accounts

16,746

-

Accrued expenses

22,813

10,500

1,212,801

1,836,961

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

12,387

-

Bank loans - 2-5 years

7,820

-

Hire purchase contracts

15,000

25,000

35,207

25,000

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Accelerated capital allowances

73,873

67,437

Deferred

tax

£

Balance at 1 April 2024

67,437

Charge to Statement of Income and Retained Earnings during year

6,436

Balance at 31 March 2025

73,873

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100