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REGISTERED NUMBER: 00482697 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

JAMES TURNER (BUILDERS) LIMITED

JAMES TURNER (BUILDERS) LIMITED (REGISTERED NUMBER: 00482697)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JAMES TURNER (BUILDERS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs M G Hammond
Mrs J E Sadler
N L Grant





SECRETARY: Mrs M G Hammond





REGISTERED OFFICE: Grantham
37 Park Lane
Bewdley
Worcestershire
DY12 2EU





REGISTERED NUMBER: 00482697 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

JAMES TURNER (BUILDERS) LIMITED (REGISTERED NUMBER: 00482697)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 865,000 865,000

CURRENT ASSETS
Debtors 5 18,850 13,878
Cash at bank 31,627 36,499
50,477 50,377
CREDITORS
Amounts falling due within one year 6 42,445 41,442
NET CURRENT ASSETS 8,032 8,935
TOTAL ASSETS LESS CURRENT
LIABILITIES

873,032

873,935

PROVISIONS FOR LIABILITIES 93,840 93,840
NET ASSETS 779,192 780,095

CAPITAL AND RESERVES
Called up share capital 500 500
Fair value reserve 7 749,880 749,880
Retained earnings 28,812 29,715
SHAREHOLDERS' FUNDS 779,192 780,095

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

JAMES TURNER (BUILDERS) LIMITED (REGISTERED NUMBER: 00482697)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 28 September 2023 and were signed on its behalf by:





Mrs M G Hammond - Director


JAMES TURNER (BUILDERS) LIMITED (REGISTERED NUMBER: 00482697)

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

1. STATUTORY INFORMATION

James Turner (Builders) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Tangible fixed assets
No depreciation has been provided on freehold buildings. The company follows a programme of regular maintenance of its properties to maintain them to a high standard. Such expenditure is charged against profits in the year in which it is incurred. The directors consider that the estimated residual value of the property as at 31 March 2023 is not materially different from its carrying value and that the estimated residual economic life of the property is long. Accordingly any element od depreciation would be immaterial and therefore no provision has been made.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

JAMES TURNER (BUILDERS) LIMITED (REGISTERED NUMBER: 00482697)

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 865,000
NET BOOK VALUE
At 31 March 2023 865,000
At 31 March 2022 865,000

Cost or valuation at 31 March 2023 is represented by:

Land and
buildings
£   
Valuation in 2017 846,922
Cost 18,078
865,000

Freehold land and buildings were valued on an open market basis on 19 January 2017 by Towler Shaw Roberts. As at 31 March 2023 the directors consider the valuation to reasonably reflect the current value of the property.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,850 13,878

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,553 3,485
Taxation and social security 13,520 13,340
Other creditors 26,372 24,617
42,445 41,442

7. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 749,880