Registration number:
JGBM Ltd
for the year ended 30 April 2026
JGBM Ltd
Contents
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Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
JGBM Ltd
Company Information
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Directors |
C Clarke J George S Sanders M George |
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Company secretary |
J George |
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Registered office |
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JGBM Ltd
(Registration number: 01421128)
Statement of Financial Position as at 30 April 2026
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Note |
2026 |
2025 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Other financial assets |
249,120 |
424,579 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
- |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
9,500 |
9,500 |
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Capital redemption reserve |
500 |
500 |
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Revaluation reserve |
268,025 |
272,289 |
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Profit and loss account |
8,638,245 |
8,195,346 |
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Shareholders' funds |
8,916,270 |
8,477,635 |
JGBM Ltd
(Registration number: 01421128)
Statement of Financial Position as at 30 April 2026 (continued)
For the financial year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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JGBM Ltd
Notes to the Unaudited Financial Statements for the year ended 30 April 2026
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General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
Principal activity
The principal activity of the company is wholesale of other office machinery and equipment.
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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.
The financial statements are prepared in sterling which is the functional currency of the entity.
JGBM Ltd
Notes to the Unaudited Financial Statements for the year ended 30 April 2026 (continued)
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2 |
Accounting policies (continued) |
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. |
Revenue recognition
Revenue represents amounts receivable for goods supplied to customers in the ordinary course of business, excluding value added tax and trade discounts. Revenue is recognised when control of the goods has transferred to the customer, which is generally when the goods are delivered to the customer in accordance with the agreed terms of sale.
Revenue is measured at the transaction price allocated to the goods supplied, net of discounts, rebates, refunds and returns.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current and deferred 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.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.
JGBM Ltd
Notes to the Unaudited Financial Statements for the year ended 30 April 2026 (continued)
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2 |
Accounting policies (continued) |
Tangible assets
Tangible assets are stated in the statement of financial position 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.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
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:
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Asset class |
Amortisation method and rate |
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Goodwill |
10% striaight line |
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.
JGBM Ltd
Notes to the Unaudited Financial Statements for the year ended 30 April 2026 (continued)
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2 |
Accounting policies (continued) |
Stocks
Stocks are stated at the lower of cost and net realisable value. Cost comprises the purchase price and other costs directly attributable to bringing the stocks to their present location and condition.
Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs necessary to make the sale.
Provision is made for slow-moving, obsolete and damaged stocks based on management's assessment of their recoverable value.
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 statement of comprehensive income 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.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
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:
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Depreciation method and rate for tangible assets |
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Asset class |
Depreciation method and rate |
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Freehold property |
2% straight line |
JGBM Ltd
Notes to the Unaudited Financial Statements for the year ended 30 April 2026 (continued)
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2 |
Accounting policies (continued) |
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Fittings fixtures and equipment |
20% reducing balance |
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Motor vehicles |
25% reducing balance |
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Intangible assets |
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Goodwill |
Total |
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Cost or valuation |
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At 1 May 2025 |
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At 30 April 2026 |
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Amortisation |
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At 1 May 2025 |
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Amortisation charge |
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At 30 April 2026 |
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Carrying amount |
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At 30 April 2026 |
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At 30 April 2025 |
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JGBM Ltd
Notes to the Unaudited Financial Statements for the year ended 30 April 2026 (continued)
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Tangible assets |
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Land and buildings |
Fixtures and fittings |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 May 2025 |
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Additions |
- |
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- |
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Disposals |
- |
( |
- |
( |
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At 30 April 2026 |
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Depreciation |
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At 1 May 2025 |
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Charge for the year |
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Eliminated on disposal |
- |
( |
- |
( |
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At 30 April 2026 |
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Carrying amount |
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At 30 April 2026 |
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At 30 April 2025 |
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Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model would have resulted in a cost of freehold property of £1,037,436 and a carrying amount of £804,573.
JGBM Ltd
Notes to the Unaudited Financial Statements for the year ended 30 April 2026 (continued)
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Other financial assets (current and non-current) |
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Financial assets at fair value through profit and loss |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 May 2025 |
424,579 |
424,579 |
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Fair value adjustments |
117,148 |
117,148 |
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Disposals |
(292,607) |
(292,607) |
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At 30 April 2026 |
249,120 |
249,120 |
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Impairment |
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Carrying amount |
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At 30 April 2026 |
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249,120 |
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Stocks |
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2026 |
2025 |
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Finished goods and goods for resale |
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Debtors |
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2026 |
2025 |
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Trade debtors |
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Prepayments |
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Accrued income |
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Gross amount due from customers for contract work |
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JGBM Ltd
Notes to the Unaudited Financial Statements for the year ended 30 April 2026 (continued)
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Creditors |
Creditors: amounts falling due within one year
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2026 |
2025 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2026 |
2025 |
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No. |
£ |
No. |
£ |
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4,750 |
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4,750 |
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4,750 |
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4,750 |
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Reserves |
Profit and loss account:
This reserve records retained earnings and accumulated losses.