Registered number
05611907
J & P Builders (Bristol) Limited
Filleted Accounts
31 December 2021
J & P Builders (Bristol) Limited
Registered number: 05611907
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 34,073 57,160
Current assets
Stocks 45,000 46,594
Debtors 4 167,643 158,444
Cash at bank and in hand 621,040 611,159
833,683 816,197
Creditors: amounts falling due within one year 5 (228,997) (143,235)
Net current assets 604,686 672,962
Total assets less current liabilities 638,759 730,122
Creditors: amounts falling due after more than one year 6 - (2,917)
Provisions for liabilities - (3,634)
Net assets 638,759 723,571
Capital and reserves
Called up share capital 100 100
Profit and loss account 638,659 723,471
Shareholders' funds 638,759 723,571
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J V Bragg
Director
Approved by the board on 15 August 2022
J & P Builders (Bristol) Limited
Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Depreciation is provided in equal amounts each year in order tro write of fixed assets over their anticipated useful lives.
Plant and machinery Over 2 years on a straight line basis
Motor vehicles - second hand Over 2 years on a straight line basis
Motor vehicles - new Over 3 years on a straight line basis
Work in progress
Work in progress comprises materials and direct labour costs attributable to unfinished contracts.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2021 6,372 127,586 133,958
At 31 December 2021 6,372 127,586 133,958
Depreciation
At 1 January 2021 4,727 72,071 76,798
Charge for the year 671 22,416 23,087
At 31 December 2021 5,398 94,487 99,885
Net book value
At 31 December 2021 974 33,099 34,073
At 31 December 2020 1,645 55,515 57,160
4 Debtors 2021 2020
£ £
Trade debtors 91,824 82,944
Deferred tax asset 319 -
Other debtors 75,500 75,500
167,643 158,444
5 Creditors: amounts falling due within one year 2021 2020
£ £
Obligations under finance lease and hire purchase contracts 2,917 5,000
Trade creditors 35,783 18,326
Taxation and social security costs 25,460 72,981
Other creditors 164,837 46,928
228,997 143,235
6 Creditors: amounts falling due after one year 2021 2020
£ £
Obligations under finance lease and hire purchase contracts - 2,917
7 Controlling party
The controlling party of the company is J V Bragg by virtue of his immediate family's shareholdings.
8 Other information
J & P Builders (Bristol) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2
95 Church Road
Bishopsworth
Bristol
BS13 8JU
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