Registration number: 11657076

Boyce Bros (JB&LB) Ltd

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Profit and Loss Account	4
Statement of Comprehensive Income	5
Balance Sheet	6 to 7
Statement of Changes in Equity	8
Notes to the Unaudited Financial Statements	9 to 14
iXBRL Detailed Profit and Loss Account	15

Boyce Bros (JB&LB) Ltd

Company Information

Directors

Mr John Patrick Boyce Mrs Laura Jane Boyce Mr Thomas John Boyce Mr George Patrick Boyce

Company secretary

Valerie Joan Dagger

Registered office

Unit 3 Bakers Park Cater Road Bristol England BS13 7TT

Accountants

AWG Accountants Ltd Chartered AccountantKemp House City Road London EC1V 2NX

Boyce Bros (JB&LB) Ltd

Directors' Report for the Year Ended 31 October 2025

The directors present their report and the financial statements for the year ended 31 October 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr John Patrick Boyce

Mrs Laura Jane Boyce

Mr Thomas John Boyce

Mr George Patrick Boyce

Principal activity

The principal activity of the company is Property management and letting of own property

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 17 June 2026 and signed on its behalf by:
 

......................................... Valerie Joan Dagger Company secretary

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Boyce Bros (JB&LB) Ltd
for the Year Ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Boyce Bros (JB&LB) Ltd for the year ended 31 October 2025 as set out on pages 4 to 14 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Boyce Bros (JB&LB) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Boyce Bros (JB&LB) Ltd and state those matters that we have agreed to state to the Board of Directors of Boyce Bros (JB&LB) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Boyce Bros (JB&LB) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Boyce Bros (JB&LB) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Boyce Bros (JB&LB) Ltd. You consider that Boyce Bros (JB&LB) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Boyce Bros (JB&LB) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

AWG Accountants Ltd
Chartered Accountant
Kemp House
City Road
London
EC1V 2NX

17 June 2026

Boyce Bros (JB&LB) Ltd

Profit and Loss Account for the Year Ended 31 October 2025

	Note	2025 £	2024 £
Turnover		16,200	16,193
Gross profit		16,200	16,193
Administrative expenses		(11,854)	(14,392)
Operating profit		4,346	1,801
Profit before tax	4	4,346	1,801
Profit for the financial year		4,346	1,801

The above results were derived from continuing operations.

Boyce Bros (JB&LB) Ltd

Statement of Comprehensive Income for the Year Ended 31 October 2025

	2025 £	2024 £
Profit for the year	4,346	1,801
Surplus on property, plant and equipment revaluation	236,802	-
Total comprehensive income for the year	241,148	1,801

Boyce Bros (JB&LB) Ltd

(Registration number: 11657076)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	11,704	15,569
Investment property	6	308,181	71,379
Investments	7	-	850,000
		319,885	936,948
Current assets
Stocks	8	3,675,375	1,425,622
Debtors	9	36,498	78,050
Cash at bank and in hand		-	2,123
		3,711,873	1,505,795
Creditors: Amounts falling due within one year	10	(3,806,817)	(2,458,950)
Net current liabilities		(94,944)	(953,155)
Net assets/(liabilities)		224,941	(16,207)
Capital and reserves
Called up share capital	11	100	100
Revaluation reserve		236,802	-
Retained earnings		(11,961)	(16,307)
Shareholders' funds/(deficit)		224,941	(16,207)

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 17 June 2026 and signed on its behalf by:
 

......................................... Mr John Patrick Boyce Director

Boyce Bros (JB&LB) Ltd

(Registration number: 11657076)
Balance Sheet as at 31 October 2025

......................................... Mrs Laura Jane Boyce Director

......................................... Mr Thomas John Boyce Director

......................................... Mr George Patrick Boyce Director

Boyce Bros (JB&LB) Ltd

Statement of Changes in Equity for the Year Ended 31 October 2025

	Share capital £	Revaluation reserve £	Retained earnings £	Total £
At 1 November 2024	100	-	(16,307)	(16,207)
Profit for the year	-	-	4,346	4,346
Other comprehensive income	-	236,802	-	236,802
Total comprehensive income	-	236,802	4,346	241,148
At 31 October 2025	100	236,802	(11,961)	224,941

	Share capital £	Retained earnings £	Total £
At 1 November 2023	100	(18,108)	(18,008)
Profit for the year	-	1,801	1,801
At 31 October 2024	100	(16,307)	(16,207)

Boyce Bros (JB&LB) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 3 Bakers Park
Cater Road
Bristol
BS13 7TT
England

These financial statements were authorised for issue by the Board on 17 June 2026.

2	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 except that as disclosed in the accounting policies certain items are shown at fair value.

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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:

Boyce Bros (JB&LB) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Boyce Bros (JB&LB) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	3,865	5,147

Boyce Bros (JB&LB) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 November 2024	22,050	22,050
At 31 October 2025	22,050	22,050
Depreciation
At 1 November 2024	6,481	6,481
Charge for the year	3,865	3,865
At 31 October 2025	10,346	10,346
Carrying amount
At 31 October 2025	11,704	11,704
At 31 October 2024	15,569	15,569

6	Investment properties

	2025 £
At 1 November	71,379
Fair value adjustments	236,802
At 31 October	308,181

There has been no valuation of investment property by an independent valuer.

7	Investments

	2025 £	2024 £
Investments in subsidiaries	-	850,000