Registered number
13273061
James Van Der Steen Projects Ltd
Unaudited Filleted Accounts
31 March 2023
James Van Der Steen Projects Ltd
Registered number: 13273061
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 9,840 11,070
Tangible assets 4 966 3,891
10,806 14,961
Current assets
Debtors 5 21,447 1,220
Cash at bank and in hand 7,781 18,697
29,228 19,917
Creditors: amounts falling due within one year 6 (18,494) (20,019)
Net current assets/(liabilities) 10,734 (102)
Total assets less current liabilities 21,540 14,859
Provisions for liabilities (183) (101)
Net assets 21,357 14,758
Capital and reserves
Called up share capital 1 1
Profit and loss account 21,356 14,757
Shareholders' funds 21,357 14,758
The director is 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 director acknowledges his 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.
Mr J Van Der Steen
Director
Approved by the board on 13 October 2023
James Van Der Steen Projects Ltd
Notes to the Accounts
for the year ended 31 March 2023
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). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
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 rendering of services.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Motor vehicles over 5 years
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at the transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 12,300
At 31 March 2023 12,300
Amortisation
At 1 April 2022 1,230
Provided during the year 1,230
At 31 March 2023 2,460
Net book value
At 31 March 2023 9,840
At 31 March 2022 11,070
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 1,397 6,718 8,115
Additions 815 - 815
At 31 March 2023 2,212 6,718 8,930
Depreciation
At 1 April 2022 865 3,359 4,224
Charge for the year 381 3,359 3,740
At 31 March 2023 1,246 6,718 7,964
Net book value
At 31 March 2023 966 - 966
At 31 March 2022 532 3,359 3,891
5 Debtors 2023 2022
£ £
Other debtors 21,447 1,220
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,074 627
Taxation and social security costs 5,512 6,856
Other creditors 11,908 12,536
18,494 20,019
7 Loans to from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Director
Interest charged at HMRC's official rate, repayable on demand 3,696 (41,851) 23,184 (14,971)
3,696 (41,851) 23,184 (14,971)
8 Other information
James Van Der Steen Projects Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
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