Registration number: 13926070

Joe Bagshaw Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Joe Bagshaw Ltd

(Registration number: 13926070)
Balance Sheet as at 28 February 2026

	Note	2026 £		2025 £
Fixed assets
Intangible assets	3		-		4,410
Tangible assets	4		-		13,741
			-		18,151
Current assets
Debtors	5	8,143		7,479
Cash at bank and in hand		-		5,777
		8,143		13,256
Creditors: Amounts falling due within one year	6	(8,124)		(18,540)
Net current assets/(liabilities)			19		(5,284)
Total assets less current liabilities			19		12,867
Creditors: Amounts falling due after more than one year	6		-		(2,569)
Net assets			19		10,298
Capital and reserves
Called up share capital		100		100
Profit and loss account		(81)		10,198
Total equity			19		10,298

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 June 2026
 

......................................... Mr J. M. Bagshaw Director

Joe Bagshaw Ltd

Notes to the Unaudited Financial Statements For The Year Ended 28 February 2026

1	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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The presentation currency is £ sterling.

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 value added tax.

The company recognises revenue when, the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current 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.

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:

Asset class	Depreciation method and rate
Motor Vehicles	20% Reducing Balance

Joe Bagshaw Ltd

Notes to the Unaudited Financial Statements For The Year Ended 28 February 2026

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:

Asset class	Amortisation method and rate
Milk Rounds	10% Straight Line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

Joe Bagshaw Ltd

Notes to the Unaudited Financial Statements For The Year Ended 28 February 2026

3	Intangible assets

	Milk Round  £	Total £
Cost or valuation
At 1 March 2025	6,300	6,300
Disposals	(6,300)	(6,300)
At 28 February 2026	-	-
Amortisation
At 1 March 2025	1,890	1,890
Amortisation charge	630	630
Amortisation eliminated on disposals	(2,520)	(2,520)
At 28 February 2026	-	-
Carrying amount
At 28 February 2026	-	-
At 28 February 2025	4,410	4,410

4	Tangible assets

	Motor vehicles  £	Total £
Cost or valuation
At 1 March 2025	26,838	26,838
Disposals	(26,838)	(26,838)
At 28 February 2026	-	-
Depreciation
At 1 March 2025	13,097	13,097
Charge for the year	2,748	2,748
Eliminated on disposal	(15,845)	(15,845)
At 28 February 2026	-	-
Carrying amount
At 28 February 2026	-	-
At 28 February 2025	13,741	13,741

Joe Bagshaw Ltd

Notes to the Unaudited Financial Statements For The Year Ended 28 February 2026

5

Debtors

	2026 £	2025 £
Trade debtors	-	6,500
Other debtors	8,143	979
	8,143	7,479

6

Creditors

	2026 £	2025 £
Due within one year
Loans and borrowings	-	5,633
Trade creditors	-	1,273
Taxation and social security	7,024	10,559
Other creditors	1,100	1,075
	8,124	18,540
Due after one year
Loans and borrowings	-	2,569