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Company Registration No. 12692911 (England and Wales)
Jb Lofts Ltd Unaudited accounts for the year ended 31 July 2025
Jb Lofts Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Jb Lofts Ltd Company Information for the year ended 31 July 2025
Directors
Joshua Brierley Aimee Brierley
Company Number
12692911 (England and Wales)
Registered Office
81 King Street Manchester Greater Manchester M2 4AH United Kingdom
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
- 3 -
Jb Lofts Ltd Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
48,100
5,990
Tangible assets
5
107,510
5,528
155,610
11,518
Current assets
Inventories
5,000
-
Debtors
6
55,847
496
Cash at bank and in hand
124,097
9,216
184,944
9,712
Creditors: amounts falling due within one year
7
(121,461)
(7,648)
Net current assets
63,483
2,064
Total assets less current liabilities
219,093
13,582
Creditors: amounts falling due after more than one year
8
(85,016)
(3,241)
Provisions for liabilities
Deferred tax
(38,902)
-
Net assets
95,175
10,341
Capital and reserves
Called up share capital
100
100
Profit and loss account
95,075
10,241
Shareholders' funds
95,175
10,341
For the year ending 31 July 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 28 January 2026 and were signed on its behalf by
Joshua Brierley Director Company Registration No. 12692911
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Jb Lofts Ltd Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Jb Lofts Ltd is a private company, limited by shares, registered in England and Wales, registration number 12692911. The registered office is 81 King Street, Manchester, Greater Manchester, M2 4AH, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
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
25%
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
33%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Jb Lofts Ltd Notes to the Accounts for the year ended 31 July 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 August 2024
29,950
Additions
60,125
At 31 July 2025
90,075
Amortisation
At 1 August 2024
23,960
Charge for the year
18,015
At 31 July 2025
41,975
Net book value
At 31 July 2025
48,100
At 31 July 2024
5,990
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 August 2024
-
550
14,974
-
1,516
17,040
Additions
1,800
1,050
117,544
725
107
121,226
Disposals
-
-
(14,974)
-
-
(14,974)
At 31 July 2025
1,800
1,600
117,544
725
1,623
123,292
Depreciation
At 1 August 2024
-
473
10,171
-
868
11,512
Charge for the year
360
109
14,678
85
410
15,642
On disposals
-
-
(11,372)
-
-
(11,372)
At 31 July 2025
360
582
13,477
85
1,278
15,782
Net book value
At 31 July 2025
1,440
1,018
104,067
640
345
107,510
At 31 July 2024
-
77
4,803
-
648
5,528
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
5,008
396
Accrued income and prepayments
5,213
-
Other debtors
45,626
100
55,847
496
- 6 -
Jb Lofts Ltd Notes to the Accounts for the year ended 31 July 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
1,068
7,134
Trade creditors
71,520
278
Amounts owed to group undertakings and other participating interests
35,447
-
Taxes and social security
8,326
64
Other creditors
5,100
172
121,461
7,648
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
85,016
3,241
9
Average number of employees
During the year the average number of employees was 7 (2024: 0).
- 7 -