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JNR CONTRACTING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






JNR CONTRACTING LTD (REGISTERED NUMBER: 09035664)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JNR CONTRACTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mrs N Robson
J S Robson
R T Storton





REGISTERED OFFICE: 7a Sapper Jordan Rossi Park
Baildon
Shipley
West Yorkshire
BD17 7AX





REGISTERED NUMBER: 09035664 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

JNR CONTRACTING LTD (REGISTERED NUMBER: 09035664)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,069 20,385

CURRENT ASSETS
Debtors 5 336,682 228,734
Cash at bank 531,854 446,784
868,536 675,518
CREDITORS
Amounts falling due within one year 6 320,437 291,703
NET CURRENT ASSETS 548,099 383,815
TOTAL ASSETS LESS CURRENT LIABILITIES 669,168 404,200

CREDITORS
Amounts falling due after more than one
year

7

(102,344

)

(33,333

)

PROVISIONS FOR LIABILITIES 8 (19,333 ) (3,873 )
NET ASSETS 547,491 366,994

CAPITAL AND RESERVES
Called up share capital 9 130 140
Capital redemption reserve 10 30 20
Retained earnings 10 547,331 366,834
SHAREHOLDERS' FUNDS 547,491 366,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

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.

JNR CONTRACTING LTD (REGISTERED NUMBER: 09035664)

BALANCE SHEET - continued
31 MAY 2023


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 Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by:




R T Storton - Director



J S Robson - Director


JNR CONTRACTING LTD (REGISTERED NUMBER: 09035664)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

JNR Contracting Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

JNR CONTRACTING LTD (REGISTERED NUMBER: 09035664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 24 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2022 6,300 743 47,660 54,703
Additions 3,059 4,704 143,409 151,172
Disposals - - (26,960 ) (26,960 )
At 31 May 2023 9,359 5,447 164,109 178,915
DEPRECIATION
At 1 June 2022 1,575 461 32,282 34,318
Charge for year 1,946 997 37,080 40,023
Eliminated on disposal - - (16,495 ) (16,495 )
At 31 May 2023 3,521 1,458 52,867 57,846
NET BOOK VALUE
At 31 May 2023 5,838 3,989 111,242 121,069
At 31 May 2022 4,725 282 15,378 20,385

The net book value of tangible fixed assets includes £ 107,557 in respect of assets held under hire purchase contracts.

JNR CONTRACTING LTD (REGISTERED NUMBER: 09035664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 336,352 228,594
Other debtors 200 -
Called up share capital not paid 130 140
336,682 228,734

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 32,374 -
Trade creditors 183,624 188,022
Tax 41,493 31,363
Social security and other taxes 35,810 34,279
VAT 9,161 26,654
Directors' current accounts 6,400 -
Accrued expenses 1,575 1,385
320,437 291,703

Loans from directors are interest free and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 13,333 23,333
Hire purchase contracts 79,011 -
102,344 33,333

8. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 19,333 3,873

Deferred
tax
£   
Balance at 1 June 2022 3,873
Accelerated capital allowances 15,460
Balance at 31 May 2023 19,333

The entire provision for deferred taxation relates to accelerated capital allowances.

JNR CONTRACTING LTD (REGISTERED NUMBER: 09035664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
160 Ordinary 1 130 140

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 June 2022 366,834 20 366,854
Profit for the year 229,107 229,107
Dividends (28,600 ) (28,600 )
Purchase of own shares (20,010 ) 10 (20,000 )
At 31 May 2023 547,331 30 547,361

11. RELATED PARTY DISCLOSURES

The directors, acting together, hold 85.71% of the issued share capital, and therefore control the company.