J B Fabrication (Bromborough) Limited - Accounts to registrar (filleted) - small 17.3
J B Fabrication (Bromborough) Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2017 |
| FOR |
| J B FABRICATION (BROMBOROUGH) LIMITED |
| J B FABRICATION (BROMBOROUGH) LIMITED (REGISTERED NUMBER: 04742684) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2017 |
| 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 JUNE 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 25 Grosvenor Road |
| Wrexham |
| LL11 1BT |
| BANKERS: |
| 17-19 Regent Street |
| Wrexham |
| LL11 1RY |
| J B FABRICATION (BROMBOROUGH) LIMITED (REGISTERED NUMBER: 04742684) |
| BALANCE SHEET |
| 30TH JUNE 2017 |
| 30.6.17 | 30.6.16 |
| 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 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 by: |
| J B FABRICATION (BROMBOROUGH) LIMITED (REGISTERED NUMBER: 04742684) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2017 |
| 1. | STATUTORY INFORMATION |
| J B Fabrication (Bromborough) Limited is a |
| 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 |
| 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 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. |
| J B FABRICATION (BROMBOROUGH) LIMITED (REGISTERED NUMBER: 04742684) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2017 |
| 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 July 2016 |
| Additions |
| At 30th June 2017 |
| DEPRECIATION |
| At 1st July 2016 |
| Charge for year |
| At 30th June 2017 |
| NET BOOK VALUE |
| At 30th June 2017 |
| At 30th June 2016 |
| 5. | STOCKS |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Work-in-progress |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Deferred tax asset |
| Accelerated capital allowances | 1,475 | 378 |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Social security and other taxes |
| VAT | 17,253 | 16,889 |
| Directors' current accounts | 87 | 87 |
| Accrued expenses |
| J B FABRICATION (BROMBOROUGH) LIMITED (REGISTERED NUMBER: 04742684) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2017 |
| 8. | DEFERRED TAX |
| £ |
| Balance at 1st July 2016 | ( |
) |
| Movement in the year due to: |
| change in tax allowances | (1,116 | ) |
| changes in tax rates | 19 |
| Balance at 30th June 2017 | ( |
) |
| 9. | CAPITAL COMMITMENTS |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Contracted but not provided for in the |
| financial statements |
| 10. | RELATED PARTY DISCLOSURES |
| During the year the company leased premises from JB Fabs Holdings Limited with rent payable of £18,000 |
| (2016: £18,000). At the year end the amount owed to the holding company was £150,000 (2016: £149,001). |
| Included in debtors is an amount of £177,323 (2016: £184,890) due from J B Fabrication (Wrexham) Limited |
| and included in creditors: amounts falling due within one year is an amount of £nil (2016: £2,048) owed to J B |
| Fabrication (Wrexham) Limited. |
| J B Fabrication (Wrexham) Limited and J B Fabrications (Bromborough) Limited are both subsidiaries of JB |
| Fabs Holdings Limited. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The controlling party is J B Fabs Holdings Limited. |
| The ultimate controlling party is |
| 12. | FIRST YEAR ADOPTION |
| This is the first year that the company has presented its results under FRS 102 (section 1A) The last financial |
| statements prepared under UK GAAP were for the period ended 30th June 2016.The date of transition to FRS |
| 102 (section 1A) was the 1st July 2015. There were no adjustments on the transition to FRS 102 (section 1A) for |
| the year 1st July 2015 to 30th June 2016. |