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Registered number: 2728027
JSB Systems Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Barclay-Stretton Accountants
Members of the Institute of Financial Accountants
Barclay House
35 Borough Road
Burton on Trent
Staffordshire
DE14 2DA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 2728027
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 193,315 201,563
193,315 201,563
CURRENT ASSETS
Debtors 5 102,728 112,921
Cash at bank and in hand 168,735 179,039
271,463 291,960
Creditors: Amounts Falling Due Within One Year 6 (48,395 ) (48,095 )
NET CURRENT ASSETS (LIABILITIES) 223,068 243,865
TOTAL ASSETS LESS CURRENT LIABILITIES 416,383 445,428
Creditors: Amounts Falling Due After More Than One Year 7 (102,244 ) (110,515 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (4,570 ) (3,415 )
NET ASSETS 309,569 331,498
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 309,469 331,398
SHAREHOLDERS' FUNDS 309,569 331,498
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Page 2
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J S Bowler
Director
31/03/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JSB Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 2728027 . The registered office is 14 Porters Lane, Oakwood Park, Derby, Derbyshire, DE21 4FZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil
Plant & Machinery 25% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 1 1
1 1
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 July 2024 169,265 5,191 42,146 1,269
Additions - - - -
As at 30 June 2025 169,265 5,191 42,146 1,269
Depreciation
As at 1 July 2024 - 4,707 10,537 1,269
Provided during the period - 484 7,902 -
As at 30 June 2025 - 5,191 18,439 1,269
Net Book Value
As at 30 June 2025 169,265 - 23,707 -
As at 1 July 2024 169,265 484 31,609 -
Computer Equipment Total
£ £
Cost
As at 1 July 2024 7,139 225,010
Additions 337 337
As at 30 June 2025 7,476 225,347
Depreciation
As at 1 July 2024 6,934 23,447
Provided during the period 199 8,585
As at 30 June 2025 7,133 32,032
Net Book Value
As at 30 June 2025 343 193,315
As at 1 July 2024 205 201,563
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5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,442 -
Prepayments and accrued income - 1,120
Other debtors 1,286 1
Other debtors - GG-931-107 Ltd - 39,000
Corporation tax recoverable assets - 9,327
Deferred tax current asset - 1,933
2,728 51,381
Due after more than one year
Amounts owed by associates - JSB Holdings Ltd 100,000 61,540
102,728 112,921
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 6,289 4,428
Bank loans and overdrafts 2,941 2,941
VAT 5,893 5,668
Other creditors - 6,000
Mortgage short term 4,349 4,349
Other creditors - pension scheme 6,785 6,785
Accruals and deferred income 1,361 1
Director's loan account 20,662 17,808
Amounts owed to related parties 115 115
48,395 48,095
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,149 3,950
Mortgage long term 95,626 95,257
Other creditors long term - pension scheme 5,469 11,308
102,244 110,515
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 4,570 3,415
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid - 5,500
11. Ultimate Controlling Party
The company's ultimate controlling party is J S Bowler by virtue of his ownership of 99% of the issued share capital in the company.
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