Company Registration No. 11799842 (England and Wales)
JD Williams Construction Limited
Unaudited accounts
for the year ended 31 January 2023
JD Williams Construction Limited
Unaudited accounts
Contents
JD Williams Construction Limited
Company Information
for the year ended 31 January 2023
Company Number
11799842 (England and Wales)
Registered Office
29 BLACKWOOD CLOSE
WEST BYFLEET
KT14 6PP
UNITED KINGDOM
Accountants
Golding & Co Accounting Services Limited
29 Blackwood Close
West Byfleet
Surrey
KT14 6PP
JD Williams Construction Limited
Statement of financial position
as at 31 January 2023
Intangible assets
6,668
7,501
Tangible assets
57,101
42,474
Cash at bank and in hand
115,808
107,554
Creditors: amounts falling due within one year
(123,761)
(108,919)
Net current assets
2,578
41,613
Total assets less current liabilities
66,347
91,588
Creditors: amounts falling due after more than one year
(39,588)
(54,149)
Provisions for liabilities
Deferred tax
(11,420)
(8,495)
Called up share capital
1
1
Profit and loss account
15,338
28,943
Shareholders' funds
15,339
28,944
For the year ending 31 January 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 25 October 2023 and were signed on its behalf by
Justin Williams
Director
Company Registration No. 11799842
JD Williams Construction Limited
Notes to the Accounts
for the year ended 31 January 2023
JD Williams Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 11799842. The registered office is 29 BLACKWOOD CLOSE, WEST BYFLEET, KT14 6PP, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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
33% Straight Line
Motor vehicles
25% Straight Line
Computer equipment
33% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
JD Williams Construction Limited
Notes to the Accounts
for the year ended 31 January 2023
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.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2022
-
49,990
2,792
52,782
Additions
2,128
31,799
1,286
35,213
At 31 January 2023
2,128
81,789
4,078
87,995
At 1 February 2022
-
8,624
1,684
10,308
Charge for the year
351
19,122
1,113
20,586
At 31 January 2023
351
27,746
2,797
30,894
At 31 January 2023
1,777
54,043
1,281
57,101
At 31 January 2022
-
41,366
1,108
42,474
Amounts falling due within one year
Trade debtors
7,200
38,128
JD Williams Construction Limited
Notes to the Accounts
for the year ended 31 January 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
4,560
5,426
Taxes and social security
7,197
3,368
Loans from directors
45,452
64,477
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
16,252
20,813
Bounceback loan received 14 May 2020 in the amount of £50,000. First year charges and interest is borne by the UK government, thereafter interest bearing at 2.5% and repayable over a 5 year term. The loan is unsecured.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).