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Company Registration No. 10846734 (England and Wales)
JS Paving Ltd Unaudited accounts for the year ended 31 July 2023
JS Paving Ltd Unaudited accounts Contents
Page
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JS Paving Ltd Company Information for the year ended 31 July 2023
Director
Mr Joe Samuel Smith
Company Number
10846734 (England and Wales)
Registered Office
112-113 High Street Lincoln LN5 7PY UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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JS Paving Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
69,669 
43,086 
Current assets
Debtors
- 
39,885 
Cash at bank and in hand
44,133 
21,313 
44,133 
61,198 
Creditors: amounts falling due within one year
(11,898)
(19,643)
Net current assets
32,235 
41,555 
Total assets less current liabilities
101,904 
84,641 
Creditors: amounts falling due after more than one year
(39,500)
(41,667)
Provisions for liabilities
Deferred tax
(24,660)
(16,218)
Net assets
37,744 
26,756 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
37,743 
26,755 
Shareholders' funds
37,744 
26,756 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 October 2023 and were signed on its behalf by
Mr Joe Samuel Smith Director Company Registration No. 10846734
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JS Paving Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
JS Paving Ltd is a private company, limited by shares, registered in England and Wales, registration number 10846734. The registered office is 112-113 High Street, Lincoln, LN5 7PY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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JS Paving Ltd Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
57,045 
400 
650 
58,095 
Additions
72,995 
- 
- 
72,995 
Disposals
(36,245)
- 
- 
(36,245)
At 31 July 2023
93,795 
400 
650 
94,845 
Depreciation
At 1 August 2022
14,497 
195 
317 
15,009 
Charge for the year
17,309 
41 
66 
17,416 
On disposals
(7,249)
- 
- 
(7,249)
At 31 July 2023
24,557 
236 
383 
25,176 
Net book value
At 31 July 2023
69,238 
164 
267 
69,669 
At 31 July 2022
42,548 
205 
333 
43,086 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
39,885 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,000 
5,000 
VAT
3,889 
9,508 
Taxes and social security
691 
4,235 
Loans from directors
1,418 
- 
Accruals
900 
900 
11,898 
19,643 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
39,500 
41,667 
Aggregate of amounts that fall due for payment after five years
- 
25,000 
BBL loan extended to a 10 year term with 2.5% interest accruing over the term. A Government guarantee is in place to support the loan
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JS Paving Ltd Notes to the Accounts for the year ended 31 July 2023
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
24,660 
16,218 
2023 
2022 
£ 
£ 
Provision at start of year
16,218 
11,093 
Charged to the profit and loss account
8,442 
5,125 
Provision at end of year
24,660 
16,218 
Due to accelerated capital allowances a reserve of some £24,660 is in place These reserves will reverse in future periods cresting a tax liability at the prevailing rate on the day.
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1 
1 
10
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 July 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
- 
5,760 
11
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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