J B H Associates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02083195 (England and Wales)

Unaudited Financial Statements

For The Year Ended 28th February 2019

for

J B H Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

Janet Elizabeth Harrison

Jutta Erna Hadfield

Paul Harrison

SECRETARY:

Janet Elizabeth Harrison

REGISTERED OFFICE:

Unit 1 Pingry Business Park

Coleford

Gloucestershire

GL16 8QD

REGISTERED NUMBER:

02083195 (England and Wales)

ACCOUNTANTS:

Wildin & Co

Accountants

& Statutory Auditors

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

FIXED ASSETS

Tangible assets

4

88,167

57,325

CURRENT ASSETS

Stocks

5

28,300

27,180

Debtors

6

377,880

420,020

Cash at bank and in hand

300

300

406,480

447,500

CREDITORS

Amounts falling due within one year

7

300,177

338,187

NET CURRENT ASSETS

106,303

109,313

TOTAL ASSETS LESS CURRENT LIABILITIES

194,470

166,638

CREDITORS

Amounts falling due after more than one year

8

(144,753

)

(80,795

)

PROVISIONS FOR LIABILITIES

11

(12,345

)

(5,963

)

NET ASSETS

37,372

79,880

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

37,272

79,780

SHAREHOLDERS' FUNDS

37,372

79,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31st October 2019 and were signed on its behalf by:

Janet Elizabeth Harrison - Director

1.	STATUTORY INFORMATION

J B H Associates Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2018 - 41 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1st March 2018

188,627

89,046

277,673

Additions

43,802

-

43,802

At 28th February 2019

232,429

89,046

321,475

DEPRECIATION

At 1st March 2018

147,356

72,992

220,348

Charge for year

8,947

4,013

12,960

At 28th February 2019

156,303

77,005

233,308

NET BOOK VALUE

At 28th February 2019

76,126

12,041

88,167

At 28th February 2018

41,271

16,054

57,325

5.

STOCKS

28.2.19

28.2.18

£

£

Stocks

28,300

27,180

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Trade Debtors

375,566

392,655

Directors' current accounts

-

25,000

Prepayments

2,314

2,365

377,880

420,020

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Bank loans and overdrafts (see note 9)

143,340

118,781

Trade Creditors

63,640

86,371

Corporation Tax Payable

8,646

17,212

Social security and other taxes

11,190

22,584

VAT

59,274

62,896

Owing to Associated Company

-

23,700

Directors' current accounts

7,877

444

Accruals

6,210

6,199

300,177

338,187

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.19

28.2.18

£

£

Bank loans (see note 9)

110,218

80,795

Hire purchase contracts

34,535

-

144,753

80,795

9.

LOANS

An analysis of the maturity of loans is given below:

28.2.19

28.2.18

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

143,340

118,781

Amounts falling due between two and five years:

Bank Loan Accounts

110,218

80,795

The company's overdraft is repayable upon demand but it is not anticipated that it will be withdrawn.

10.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.19

28.2.18

£

£

Bank overdrafts

143,340

118,781

Bank Loan

110,218

-

253,558

118,781

The company's bankers have a fixed and floating charge over the assets of the company. The company factors it's

debts and there is a charge over the book debts.

11.	PROVISIONS FOR LIABILITIES

28.2.19

28.2.18

£

£

Deferred tax

12,345

5,963

Deferred

tax

£

Balance at 1st March 2018

5,963

Charge to Income Statement during year

6,382

Balance at 28th February 2019

12,345

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.19

28.2.18

value:

£

£

100

Ordinary

1

100

100

13.

RESERVES

Retained

earnings

£

At 1st March 2018

79,780

Deficit for the year

(9,308

)

Dividends

(33,200

)

At 28th February 2019

37,272

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28th February 2019 and

28th February 2018:

28.2.19

28.2.18

£

£

Janet Elizabeth Harrison

Balance outstanding at start of year

12,500

-

Amounts advanced

-

12,500

Amounts repaid

(12,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

12,500

Paul Harrison

Balance outstanding at start of year

12,500

-

Amounts advanced

-

12,500

Amounts repaid

(12,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

12,500

15.	RELATED PARTY DISCLOSURES

During the year, total dividends of £33,200 (2018 - £42,892) were paid to the directors .

16.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28th February 2019 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wildin & Co

Accountants

& Statutory Auditors

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

Date: 31st October 2019