JB Marine Sales Ltd - Filleted accounts

JB Marine Sales Ltd
Registered number:		11243437
Statement of Financial Position
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		7,002			7,154

Current assets
Stocks		69,055			68,212
Debtors	4	771			1,181
Cash at bank and in hand		7,168			7,665
		76,994			77,058

Creditors: amounts falling due within one year	5	(59,643)			(63,892)

Net current assets			17,351			13,166

Total assets less current liabilities			24,353			20,320


Provisions for liabilities			(196)			(225)


Net assets			24,157			20,095

Capital and reserves
Called up share capital			1			1
Profit and loss account			24,156			20,094

Shareholder's funds			24,157			20,095

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J Evans
Director
Approved by the board on 10 June 2026

JB Marine Sales Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 20 years
	Plant and machinery	25% reducing balance

	Inventories
	Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.



2	Employees and directors			2026		2025
Number					Number

	Average number of directors and persons employed by the company			1		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2025	7,465		2,447		9,912
	Additions	-		191		191
	At 31 March 2026	7,465		2,638		10,103

	Depreciation
	At 1 April 2025	1,494		1,264		2,758
	Charge for the year	-		343		343
	At 31 March 2026	1,494		1,607		3,101

	Net book value
	At 31 March 2026	5,971		1,031		7,002
	At 31 March 2025	5,971		1,183		7,154




4	Debtors			2026		2025
£					£

	Other debtors			771		1,181


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Accruals			1,242		1,210
	Corporation tax			982		535
	Other taxes and social security costs			433		669
	Other creditors			56,986		61,478
				59,643		63,892


6	Other information

	JB Marine Sales Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Aspen Brick Hill
	Chobham
	Woking
	Surrey
	GU24 8TF