Company registration number: 11423005
Annual report and unaudited financial statements
for the year ended 30 June 2026
for
JB Salvage Limited
Pages for filing with the Registrar
Company registration number: 11423005
JB Salvage Limited
Balance sheet
as at 30 June 2026
2026 2025
Note £ £ £ £
Fixed assets
Tangible assets 4 20,882 25,333
20,882 25,333
Current assets
Stocks 4,635 5,628
Investments 16,001 6,401
Cash at bank and in hand 46,162 66,249
66,798 78,278
Creditors: amounts falling due within one year
(106,897) (112,618)
Net current liabilities (40,099) (34,340)
Total assets less current liabilities (19,217) (9,007)
NET LIABILITIES (19,217) (9,007)
Capital and reserves
Called up share capital 2 2
Profit and loss account (19,219) (9,009)
TOTAL EQUITY (19,217) (9,007)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 June 2026.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 11423005
JB Salvage Limited
Balance sheet - continued
as at 30 June 2026
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 13 August 2026 and signed on its behalf by:
Mrs M Prior, Director Mrs L Brough, Director
13 August 2026 13 August 2026
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JB Salvage Limited
Notes to the financial statements
for the year ended 30 June 2026
1 Company information
JB Salvage Limited is a private company registered in England and Wales. Its registered number is 11423005. The company is limited by shares. Its registered office is Regus, Building 1000, Portsmouth, Hampshire, PO6 3EZ. Its principal place of business is Ennisdale, Eastergate Lane, Chichester, West Sussex, PO20 3SL.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Fixtures & fittings - 20% reducing balance
Motor vehicles - 20% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
3 Average number of employees
During the year the average number of employees was Nil (2025 - Nil).
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JB Salvage Limited
Notes to the financial statements - continued
for the year ended 30 June 2026
4 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 July 2025 59,951
At 30 June 2026 59,951
Depreciation
At 1 July 2025 34,618
Charge for year 4,451
At 30 June 2026 39,069
Net book value
At 30 June 2026 20,882
At 30 June 2025 25,333
Cost or valuation at 30 June 2026 is represented by:
Plant and machinery etc.

£
Valuation in 2024 59,951
Cost -
59,951
If Fixed assets had not been revalued, Fixed assets would have been included at the following historical cost:
2026 2025
£ £
Cost 59,951 59,951
Accumulated depreciation 61,446 61,446
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JB Salvage Limited
Notes to the financial statements - continued
for the year ended 30 June 2026
5 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 30 June 2026 and 30 June 2025.
2026 2025
£ £
Balance outstanding at start of year 113,048 114,721
Amounts repaid (5,669) (1,673)
Balance outstanding at end of year 107,379 113,048
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