JFS Business Services Limited

JFS Business Services Limited
Statement of Financial Position
As at 31 January 2026

	Notes	2026 £	2025 £
Fixed assets
Intangible fixed assets	3	431,897	357,227
Tangible fixed assets	4	76,145	88,778
		508,042	446,005
Current assets
Stocks	5	125,768	140,716
Debtors	6	599,022	517,461
Cash at bank and in hand		891	32,211
		725,681	690,388
Creditors: amount falling due within one year	7	(540,458)	(508,234)
Net current assets		185,223	182,154

Total assets less current liabilities		693,265	628,159
Creditors: amount falling due after more than one year	8	(236,053)	(204,086)
Provisions for liabilities	9	(2,346)	(1,285)
Net assets		454,866	422,788

Capital and reserves
Called up share capital		100	100
Revaluation Reserves	10	16,200	16,200
Profit and loss account		438,566	406,488
Shareholders' funds		454,866	422,788

For the year ended 31 January 2026 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 23 October 2026 and were signed on its behalf by:

-------------------------------
Jane Elizabeth Freeman
Director

JFS Business Services Limited
Notes to the Financial Statements
For the year ended 31 January 2026

General Information

JFS Business Services Limited is a private company, limited by shares, registered in England and Wales, registration number 06944650, registration address 58 Durham Road, Birtley, County Durham, DH3 2QJ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the going concern and the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 25 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	20% Reducing Balance
Fixtures and Fittings	15% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the period was 20 (2025 : 17).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 February 2025	494,913	494,913
Additions	98,077	98,077
Disposals	-	-
At 31 January 2026	592,990	592,990
Amortisation
At 01 February 2025	137,686	137,686
Charge for year	23,407	23,407
On disposals	-	-
At 31 January 2026	161,093	161,093
Net book values
At 31 January 2026	431,897	431,897
At 31 January 2025	357,227	357,227

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£
At 01 February 2025	71,905	140,946	212,851
Additions	-	3,198	3,198
Disposals	-	-	-
At 31 January 2026	71,905	144,144	216,049
Depreciation
At 01 February 2025	31,233	92,840	124,073
Charge for year	8,135	7,696	15,831
On disposals	-	-	-
At 31 January 2026	39,368	100,536	139,904
Net book values
Closing balance as at 31 January 2026	32,537	43,608	76,145
Opening balance as at 01 February 2025	40,672	48,106	88,778

Stocks

	2026 £		2025 £
Work in Progress	125,768		140,716
	125,768		140,716

Debtors: amounts falling due within one year

	2026 £	2025 £
Trade Debtors	276,007	235,314
Other Debtors	322,215	282,147
	598,222	517,461

Debtors: amounts falling due after one year

	2026 £		2025 £
Prepayments	800		0
	800		0

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	16,329	6,384
Corporation Tax	48,907	49,349
PAYE & Social Security	13,740	9,060
Accrued Expenses	7,500	5,520
Other Creditors	392,173	373,202
Obligations under HP/Financial Leases	9,027	9,027
Directors' Current Accounts	3,120	9,604
VAT	49,662	46,088
	540,458	508,234

Creditors: amount falling due after more than one year

	2026 £	2025 £
Bank Loans & Overdrafts	208,909	167,915
Obligations Under HP/Financial Leases	27,144	36,171
	236,053	204,086

Provisions for liabilities

	2026 £		2025 £
Pension Provisions	2,346		1,285
	2,346		1,285

10.

Revaluation Reserves

	2026 £		2025 £
Revaluation Reserve b/fwd	16,200		16,200
	16,200		16,200

11.	Director's Advances, credits and guarantees Included in creditors: amounts due within one year, are amounts owed to the Director of £3,120 (2025 £9,604)

12.	Discolsure of controlling party For the whole of the period under review the company was under the control of Jane Elizabeth Freeman and Derrick Hutchinson.