J B Fabrication (Bromborough) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04742684 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2021

FOR

J B FABRICATION (BROMBOROUGH) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A J Broderick

REGISTERED OFFICE:

Bryn Lane

Wrexham Industrial Estate

Wrexham

LL13 9UT

REGISTERED NUMBER:

04742684 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

HSBC Bank plc

17-19 Regent Street

Wrexham

LL11 1RN

FIXED ASSETS

Tangible assets

4

43,749

12,601

CURRENT ASSETS

Stocks

5

9,600

1,498

Debtors

6

292,174

331,477

Cash at bank and in hand

37,176

52,701

338,950

385,676

CREDITORS

Amounts falling due within one year

7

254,841

268,770

NET CURRENT ASSETS

84,109

116,906

TOTAL ASSETS LESS CURRENT LIABILITIES

127,858

129,507

CREDITORS

Amounts falling due after more than one year

8

(37,414

)

(46,862

)

PROVISIONS FOR LIABILITIES

9

(6,545

)

-

NET ASSETS

83,899

82,645

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

83,799

82,545

SHAREHOLDERS' FUNDS

83,899

82,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2021 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th January 2022 and were signed by:

A J Broderick - Director

1.	STATUTORY INFORMATION

J B Fabrication (Bromborough) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Plant and machinery

-

20% on cost

Office equipment

-

20% on cost

Motor vehicles

-

25% on cost

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.

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 14 (2020 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Office

Motor

machinery

equipment

vehicles

Totals

£

£

£

£

COST

At 1st October 2020

46,366

27,390

24,453

98,209

Additions

-

782

36,328

37,110

Disposals

-

(12,499

)

(24,453

)

(36,952

)

At 30th September 2021

46,366

15,673

36,328

98,367

DEPRECIATION

At 1st October 2020

34,785

26,370

24,453

85,608

Charge for year

3,277

414

2,271

5,962

Eliminated on disposal

-

(12,499

)

(24,453

)

(36,952

)

At 30th September 2021

38,062

14,285

2,271

54,618

NET BOOK VALUE

At 30th September 2021

8,304

1,388

34,057

43,749

At 30th September 2020

11,581

1,020

-

12,601

5.

STOCKS

30.9.21

30.9.20

£

£

Work-in-progress

9,600

1,498

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Trade debtors

117,839

90,627

Amounts owed by group undertakings

174,335

238,562

Deferred tax asset

-

2,288

292,174

331,477

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Bank loans and overdrafts

9,448

3,138

Trade creditors

63,437

48,419

Amounts owed to group undertakings

129,819

137,233

Social security and other taxes

12,473

9,219

VAT

18,772

56,888

Other creditors

560

1,058

Accrued expenses

20,332

12,815

254,841

268,770

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.21

30.9.20

£

£

Bank loans - 1-2 years

9,448

9,448

Bank loans - 2-5 years

27,966

28,344

Bank loans more 5 yr by instal

-

9,070

37,414

46,862

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

9,070

9.	PROVISIONS FOR LIABILITIES

30.9.21

£

Deferred tax

Accelerated capital allowances

6,545

Deferred

tax

£

Balance at 1st October 2020

(2,288

)

Movement in the year due to:

prior year adjustment

2,753

changes in tax allowance

6,080

changes in tax losses

Balance at 30th September 2021

6,545

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.21

30.9.20

value:

£

£

100

Ordinary

£1

100

100

11.	PENSION COMMITMENTS

Contributions totalling £485 (2020:£Nil) were payable to the defined contribution scheme at the year end and are included Creditors:amounts falling due within one year.

12.	RELATED PARTY DISCLOSURES

13.	ULTIMATE CONTROLLING PARTY

The controlling party is J B Fabs Holdings Limited.

The ultimate controlling party is A J Broderick.