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Company registration number: 12645075
JDS CARPENTRY AND DEVELOPMENTS LIMITED
30 June 2023
HEYWOODS
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
JDS CARPENTRY AND DEVELOPMENTS LIMITED
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
JDS CARPENTRY AND DEVELOPMENTS LIMITED
DIRECTORS AND OTHER INFORMATION
Director Mr J D Smalley
Company number 12645075
Registered office Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
Business address 15 Breidden Way
Bayston Hill
Shrewsbury
Shropshire
SY3 0LL
Accountants Heywoods
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
JDS CARPENTRY AND DEVELOPMENTS LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JDS CARPENTRY AND DEVELOPMENTS LIMITED
YEAR ENDED 30 JUNE 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JDS Carpentry and Developments Limited for the year ended 30 June 2023 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of JDS Carpentry and Developments Limited, as a body, in accordance with the terms of our engagement letter dated 9 December 2022. Our work has been undertaken solely to prepare for your approval the financial statements of JDS Carpentry and Developments Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JDS Carpentry and Developments Limited and its director as a body for our work or for this report.
It is your duty to ensure that JDS Carpentry and Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JDS Carpentry and Developments Limited. You consider that JDS Carpentry and Developments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of JDS Carpentry and Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Heywoods
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
11 October 2023
JDS CARPENTRY AND DEVELOPMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
30 JUNE 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 12,344 11,849
_______ _______
12,344 11,849
Current assets
Stocks 2,937 -
Debtors 6 11,491 5,959
Cash at bank and in hand 20,169 4,040
_______ _______
34,597 9,999
Creditors: amounts falling due
within one year 7 ( 24,659) ( 17,115)
_______ _______
Net current assets/(liabilities) 9,938 ( 7,116)
_______ _______
Total assets less current liabilities 22,282 4,733
Creditors: amounts falling due
after more than one year 8 - ( 2,399)
Provisions for liabilities ( 615) ( 141)
_______ _______
Net assets 21,667 2,193
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 21,666 2,192
_______ _______
Shareholders funds 21,667 2,193
_______ _______
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 04 October 2023 , and are signed on behalf of the board by:
Mr J D Smalley
Director
Company registration number: 12645075
JDS CARPENTRY AND DEVELOPMENTS LIMITED
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 30 JUNE 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 July 2021 1 - 1
Profit for the year 4,192 4,192
_______ _______ _______
Total comprehensive income for the year - 4,192 4,192
Dividends paid and payable ( 2,000) ( 2,000)
_______ _______ _______
Total investments by and distributions to owners - ( 2,000) ( 2,000)
_______ _______ _______
At 30 June 2022 and 1 July 2022 1 2,191 2,192
Profit for the year 33,475 33,475
_______ _______ _______
Total comprehensive income for the year - 33,475 33,475
Dividends paid and payable ( 14,000) ( 14,000)
_______ _______ _______
Total investments by and distributions to owners - ( 14,000) ( 14,000)
_______ _______ _______
At 30 June 2023 1 21,666 21,667
_______ _______ _______
JDS CARPENTRY AND DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Countrywide House, Knights Way, Shrewsbury, Shropshire, SY1 3AB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 25 % reducing balance
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.
4. Staff costs
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
The aggregate payroll costs incurred during the year were:
2023 2022
£ £
Wages and salaries 29,236 3,679
_______ _______
5. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 July 2022 6,881 5,363 12,244
Additions 3,823 - 3,823
Disposals - ( 950) ( 950)
_______ _______ _______
At 30 June 2023 10,704 4,413 15,117
_______ _______ _______
Depreciation
At 1 July 2022 172 223 395
Charge for the year 1,331 1,047 2,378
_______ _______ _______
At 30 June 2023 1,503 1,270 2,773
_______ _______ _______
Carrying amount
At 30 June 2023 9,201 3,143 12,344
_______ _______ _______
At 30 June 2022 6,709 5,140 11,849
_______ _______ _______
6. Debtors
2023 2022
£ £
Trade debtors 6,368 5,001
Other debtors 5,123 958
_______ _______
11,491 5,959
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 1,258 -
Corporation tax 7,301 579
Social security and other taxes - 454
Other creditors 16,100 16,082
_______ _______
24,659 17,115
_______ _______
8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors - 2,399
_______ _______
9. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr J D Smalley ( 14,387) ( 25) ( 14,412)
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr J D Smalley 1 ( 14,388) ( 14,387)
_______ _______ _______