J B Fabrication (Bromborough) Limited - Accounts to registrar (filleted) - small 18.2
J B Fabrication (Bromborough) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2020 |
| FOR |
| J B FABRICATION (BROMBOROUGH) LIMITED |
| J B FABRICATION (BROMBOROUGH) LIMITED (REGISTERED NUMBER: 04742684) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| J B FABRICATION (BROMBOROUGH) LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2020 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 25 Grosvenor Road |
| Wrexham |
| LL11 1BT |
| BANKERS: |
| 17-19 Regent Street |
| Wrexham |
| LL11 1RN |
| J B FABRICATION (BROMBOROUGH) LIMITED (REGISTERED NUMBER: 04742684) |
| BALANCE SHEET |
| 30TH SEPTEMBER 2020 |
| 30.9.20 | 30.9.19 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| J B FABRICATION (BROMBOROUGH) LIMITED (REGISTERED NUMBER: 04742684) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2020 |
| 1. | STATUTORY INFORMATION |
| J B Fabrication (Bromborough) Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of 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 |
| Plant and machinery | - |
| Office equipment | - |
| Motor vehicles | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| J B FABRICATION (BROMBOROUGH) LIMITED (REGISTERED NUMBER: 04742684) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Office | Motor |
| machinery | equipment | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st October 2019 |
| Additions |
| At 30th September 2020 |
| DEPRECIATION |
| At 1st October 2019 |
| Charge for year |
| At 30th September 2020 |
| NET BOOK VALUE |
| At 30th September 2020 |
| At 30th September 2019 |
| 5. | STOCKS |
| 30.9.20 | 30.9.19 |
| £ | £ |
| Work-in-progress |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.20 | 30.9.19 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Tax |
| Deferred tax asset |
| J B FABRICATION (BROMBOROUGH) LIMITED (REGISTERED NUMBER: 04742684) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2020 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.20 | 30.9.19 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Social security and other taxes |
| VAT | 56,888 | 15,628 |
| Other creditors |
| Directors' current accounts | - | 87 |
| Accrued expenses |
| 8. | DEFERRED TAX |
| £ |
| Balance at 1st October 2019 | ( |
) |
| Movement in the year due to: |
| change in tax allowances | (204 | ) |
| changes in tax rates |
| changes in tax losses | (1,041 | ) |
| Balance at 30th September 2020 | ( |
) |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.20 | 30.9.19 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 10. | PENSION COMMITMENTS |
| Contributions totalling £Nil (2019:£Nil) were payable to the defined contribution scheme at the year end. |
| 11. | CAPITAL COMMITMENTS |
| 30.9.20 | 30.9.19 |
| £ | £ |
| Contracted but not provided for in the |
| financial statements |
| J B FABRICATION (BROMBOROUGH) LIMITED (REGISTERED NUMBER: 04742684) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2020 |
| 12. | RELATED PARTY DISCLOSURES |
| During the year, the company leased premises from JB Fabs Holdings Limited with rent payable of £18,000 (2019: £18,000). |
| The company sold losses to J B Fabrication (Holdings) Limited in the sum of £1,658 (2019: £nil). At the year end there was a balance due to JB Fabs Holdings Limited of £137,233 (2019: £138,804). This amount is shown in creditors: amounts falling due within one year. |
| The company bought losses from J B Fabrication (Wrexham) Limited in the sum of £nil (2019: 6,093). At the year end there was a balance due from J B Fabrication (Wrexham) Limited of £238,562 (2019: £152,529) This amount is shown in debtors. |
| J B Fabrication (Wrexham) Limited and J B Fabrications (Bromborough) Limited are both subsidiaries of JB Fabs Holdings Limited. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The controlling party is J B Fabs Holdings Limited. |
| The ultimate controlling party is |