Registered number
04590341
NJF Construction Limited
Filleted Accounts
31 March 2023
NJF Construction Limited
Registered number: 04590341
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 2 466,843 462,161
Current assets
Debtors 3 35,468 287,055
Cash at bank and in hand 527,110 443,034
562,578 730,089
Creditors: amounts falling due within one year 4 (531,112) (606,473)
Net current assets 31,466 123,616
Total assets less current liabilities 498,309 585,777
Provisions for liabilities (5,814) (4,925)
Net assets 492,495 580,852
Capital and reserves
Called up share capital 2 2
Profit and loss account 492,493 580,850
Shareholder's funds 492,495 580,852
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 member has 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.
N Fowler
Director
Approved by the board on 8 November 2023
NJF Construction Limited
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).
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
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:
Computer equipment Over 3 years
Motor vehicles 15% reducing balance
Plant and machinery 15% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
0 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
2 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 436,241 46,390 86,497 569,128
Additions - 1,619 7,100 8,719
At 31 March 2023 436,241 48,009 93,597 577,847
Depreciation
At 1 April 2022 - 35,910 71,057 106,967
Charge for the year - 1,665 2,372 4,037
At 31 March 2023 - 37,575 73,429 111,004
Net book value
At 31 March 2023 436,241 10,434 20,168 466,843
At 31 March 2022 436,241 10,480 15,440 462,161
3 Debtors 2023 2022
£ £
Trade debtors 35,468 287,055
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 440 1,269
Trade creditors (80,704) (54,496)
Amounts owed to group undertakings and undertakings in which the company has a participating interest 409,034 428,208
Corporation tax 36,163 67,856
Other taxes and social security costs (41,440) (50,314)
Other creditors 207,619 213,950
531,112 606,473
5 Controlling party
The controling party is that of the Ashden Group Ltd
6 Other information
NJF Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
Hollybrook House
35 Church Street
Clifton, Shefford
Bedfordshire
SG17 5ET
NJF Construction Limited 04590341 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts October 2023 release 2 N Fowler No description of principal activity 04590341 2021-04-01 2022-03-31 04590341 core:WithinOneYear 2022-03-31 04590341 core:ShareCapital 2022-03-31 04590341 core:RetainedEarningsAccumulatedLosses 2022-03-31 04590341 2022-04-01 2023-03-31 04590341 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04590341 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04590341 bus:Director40 2022-04-01 2023-03-31 04590341 1 2022-04-01 2023-03-31 04590341 2 2022-04-01 2023-03-31 04590341 core:LandBuildings 2022-04-01 2023-03-31 04590341 core:PlantMachinery 2022-04-01 2023-03-31 04590341 core:Vehicles 2022-04-01 2023-03-31 04590341 countries:England 2022-04-01 2023-03-31 04590341 bus:FRS102 2022-04-01 2023-03-31 04590341 bus:FullAccounts 2022-04-01 2023-03-31 04590341 2023-03-31 04590341 core:WithinOneYear 2023-03-31 04590341 core:ShareCapital 2023-03-31 04590341 core:RetainedEarningsAccumulatedLosses 2023-03-31 04590341 core:LandBuildings 2023-03-31 04590341 core:PlantMachinery 2023-03-31 04590341 core:Vehicles 2023-03-31 04590341 2022-03-31 04590341 core:LandBuildings 2022-03-31 04590341 core:PlantMachinery 2022-03-31 04590341 core:Vehicles 2022-03-31 iso4217:GBP xbrli:pure