John Collis Builders Limited 02947887 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is that of building development Digita Accounts Production Advanced 6.30.9574.0 true false 02947887 2022-09-01 2023-08-31 02947887 2023-08-31 02947887 bus:OrdinaryShareClass1 2023-08-31 02947887 core:CurrentFinancialInstruments 2023-08-31 02947887 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 02947887 1 2023-08-31 02947887 bus:SmallEntities 2022-09-01 2023-08-31 02947887 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 02947887 bus:FullAccounts 2022-09-01 2023-08-31 02947887 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 02947887 bus:RegisteredOffice 2022-09-01 2023-08-31 02947887 bus:Director1 2022-09-01 2023-08-31 02947887 bus:Director2 2022-09-01 2023-08-31 02947887 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 02947887 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 02947887 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 02947887 core:MotorVehicles 2022-09-01 2023-08-31 02947887 countries:UnitedKingdom 2022-09-01 2023-08-31 02947887 1 2022-09-01 2023-08-31 02947887 2022-08-31 02947887 core:CostValuation 2022-08-31 02947887 1 2022-08-31 02947887 2021-09-01 2022-08-31 02947887 2022-08-31 02947887 bus:OrdinaryShareClass1 2022-08-31 02947887 core:CurrentFinancialInstruments 2022-08-31 02947887 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 02947887 1 2022-08-31 02947887 1 2021-09-01 2022-08-31 02947887 1 2021-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02947887

John Collis Builders Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

John Collis Builders Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

John Collis Builders Limited

(Registration number: 02947887)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

370,000

370,000

Investments

5

509

509

 

370,509

370,509

Current assets

 

Stocks

6

211,958

273,527

Debtors

7

2,388,103

1,468,308

Cash at bank and in hand

 

-

313,516

 

2,600,061

2,055,351

Creditors: Amounts falling due within one year

8

(1,465,975)

(895,185)

Net current assets

 

1,134,086

1,160,166

Total assets less current liabilities

 

1,504,595

1,530,675

Provisions for liabilities

(32,518)

(24,714)

Net assets

 

1,472,077

1,505,961

Capital and reserves

 

Called up share capital

9

100

100

Other reserves

161,316

169,120

Retained earnings

1,310,661

1,336,741

Shareholders' funds

 

1,472,077

1,505,961

For the financial year ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 October 2023 and signed on its behalf by:
 

 

John Collis Builders Limited

(Registration number: 02947887)
Balance Sheet as at 31 August 2023

.........................................
J T Collis
Director

.........................................
V M A Breen
Director

 

John Collis Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital incorporated in United Kingdom and the company registration number is 02947887.

The address of its registered office is:
1a Jonathans Garth
Tetney
Grimsby
Lincolnshire
DN36 5GA

These financial statements were authorised for issue by the Board on 26 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements have been prepared for the individual entity and are presented in Pound Sterling and rounded to the nearest pound.

Summary of disclosure exemptions

During the year, the company was a parent company and was both eligible to and has chosen not to prepare group accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Government grants

Government grants which become receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, are recognised as income in the period in which they become receivable.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

John Collis Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Fixtures and fittings

20% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. The value uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 3 (2022 - 3).

 

John Collis Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4

Investment properties

2023
£

At 1 September

370,000

At 31 August

370,000

There has been no valuation of investment property by an independent valuer.

5

Investments

2023
£

2022
£

Investments in subsidiaries

509

509

Subsidiaries

£

Cost or valuation

At 1 September 2022

509

Provision

Carrying amount

At 31 August 2023

509

At 31 August 2022

509

6

Stocks

2023
£

2022
£

Work in progress

211,958

273,527

7

Debtors

Current

2023
£

2022
£

Trade debtors

309,548

197,005

Prepayments

2,612

4,309

Other debtors

2,075,943

1,266,994

 

2,388,103

1,468,308

 

John Collis Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

10

249,789

-

Trade creditors

 

135,956

102,484

Taxation and social security

 

174

2,812

Other creditors

 

1,062,983

720,624

Accruals and deferred income

 

17,073

69,265

 

1,465,975

895,185

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

10

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank overdrafts

249,789

-

Other borrowings

947,000

678,574

1,196,789

678,574

11

Related party transactions

Transactions with Directors

2023

At 1 September 2022
£

Repayments by Director
£

At 31 August 2023
£

Loan provided under normal market conditions

6,400

(6,400)

-

       
     

 

2022

At 1 September 2021
£

Advances to Director
£

Repayments by Director
£

At 31 August 2022
£

Loan provided under normal market conditions

-

9,901

(3,501)

6,400