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JEH Building Services Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2022

Registration number: 9623842

 

JEH Building Services Ltd

Contents

Statement of financial position

1 to 2

Notes to the Financial Statements

3 to 8

 

JEH Building Services Ltd

(Registration number: 9623842)
Statement of financial position as at 31 May 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

5

74,029

59,825

Current assets

 

Debtors

6

95,427

114,181

Cash at bank and in hand

 

10,397

26,774

 

105,824

140,955

Creditors: Amounts falling due within one year

7

(106,443)

(132,455)

Net current (liabilities)/assets

 

(619)

8,500

Total assets less current liabilities

 

73,410

68,325

Creditors: Amounts falling due after more than one year

7

(49,410)

(52,979)

Provisions for liabilities

(9,678)

(11,367)

Net assets

 

14,322

3,979

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

14,222

3,879

Shareholders' funds

 

14,322

3,979

For the financial year ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

JEH Building Services Ltd

(Registration number: 9623842)
Statement of financial position as at 31 May 2022

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income statement has been taken.

Approved and authorised by the director on 23 August 2022
 

.........................................
Mr J Holliday
Director

 

JEH Building Services Ltd

Notes to the Financial Statements for the Year Ended 31 May 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

These financial statements were authorised for issue by the director on 23 August 2022.

2

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

JEH Building Services Ltd

Notes to the Financial Statements for the Year Ended 31 May 2022

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.

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.

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:

Asset class

Depreciation method and rate

Plant & machinery

10% Reducing balance

Motor vehicles

20% Reducing balance

Tenants improvements

20% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

JEH Building Services Ltd

Notes to the Financial Statements for the Year Ended 31 May 2022

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 income statement 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).

 

JEH Building Services Ltd

Notes to the Financial Statements for the Year Ended 31 May 2022

4

Profit before tax

Arrived at after charging/(crediting)

2022
£

2021
£

Depreciation expense

12,869

12,798

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2021

38,487

18,250

32,750

89,487

Additions

-

-

27,073

27,073

At 31 May 2022

38,487

18,250

59,823

116,560

Depreciation

At 1 June 2021

7,697

2,710

19,255

29,662

Charge for the year

7,697

1,554

3,618

12,869

At 31 May 2022

15,394

4,264

22,873

42,531

Carrying amount

At 31 May 2022

23,093

13,986

36,950

74,029

At 31 May 2021

30,790

15,540

13,495

59,825

6

Debtors

Current

2022
£

2021
£

Trade debtors

52,792

113,996

Prepayments

6,833

-

Other debtors

35,802

185

 

95,427

114,181

 

JEH Building Services Ltd

Notes to the Financial Statements for the Year Ended 31 May 2022

7

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

9

17,754

2,750

Trade creditors

 

37,684

52,172

Taxation and social security

 

22,072

46,201

Accruals and deferred income

 

1,800

1,600

Other creditors

 

27,133

29,732

 

106,443

132,455

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £2,750 (2020 - NIL).

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

9

49,410

52,979

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £2,979 (2020 - NIL).

 

JEH Building Services Ltd

Notes to the Financial Statements for the Year Ended 31 May 2022

8

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

9

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Hire purchase contracts

19,410

2,979

Other borrowings

30,000

50,000

49,410

52,979

2022
£

2021
£

Current loans and borrowings

Hire purchase contracts

7,754

2,750

Other borrowings

10,000

-

17,754

2,750