Registered number
05689412
Jonathan Baker Building Contractor Ltd
Filleted Accounts
30 April 2023
Jonathan Baker Building Contractor Ltd
Registered number: 05689412
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 2,917 3,917
Tangible assets 4 193,109 186,596
196,026 190,513
Current assets
Stocks 390,672 395,116
Debtors 5 310,632 325,179
Cash at bank and in hand 4,204 31,669
705,508 751,964
Creditors: amounts falling due within one year 6 (331,507) (370,169)
Net current assets 374,001 381,795
Total assets less current liabilities 570,027 572,308
Creditors: amounts falling due after more than one year 7 - (48,164)
Provisions for liabilities (8,191) (6,654)
Net assets 561,836 517,490
Capital and reserves
Called up share capital 5 5
Profit and loss account 561,831 517,485
Shareholders' funds 561,836 517,490
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr J. Baker
Director
Approved by the board on 11 October 2023
Jonathan Baker Building Contractor Ltd
Notes to the Accounts
for the year ended 30 April 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:
Plant and machinery over 5 years
Commercial vehicles over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2022 20,000
At 30 April 2023 20,000
Amortisation
At 1 May 2022 16,083
Provided during the year 1,000
At 30 April 2023 17,083
Net book value
At 30 April 2023 2,917
At 30 April 2022 3,917
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2022 150,000 188,742 74,722 413,464
Additions - 1,644 28,000 29,644
Disposals - - (35,833) (35,833)
At 30 April 2023 150,000 190,386 66,889 407,275
Depreciation
At 1 May 2022 - 152,146 74,722 226,868
Charge for the year - 17,531 5,600 23,131
On disposals - - (35,833) (35,833)
At 30 April 2023 - 169,677 44,489 214,166
Net book value
At 30 April 2023 150,000 20,709 22,400 193,109
At 30 April 2022 150,000 36,596 - 186,596
5 Debtors 2023 2022
£ £
Trade debtors - 2,300
Other debtors 310,632 322,879
310,632 325,179
6 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 2,171 3,333
Trade creditors 5,301 4,462
Corporation tax 9,431 1
Other taxes and social security costs 5,729 575
Directors account 303,131 356,054
Other creditors 5,744 5,744
331,507 370,169
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 45,942
Obligations under finance lease and hire purchase contracts - 2,222
- 48,164
8 Loans from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr J. Baker
Current account 207,532 80,101 (105,590) 182,043
Mrs J. Baker
Current account 148,522 78,156 (105,590) 121,088
356,054 158,257 (211,180) 303,131
9 Related party transactions
Included in other debtors is a loan to Woodcroft Farm Ltd, a company which the directors own 50% of the issued share capital, of £307,879, (2022 £312,879). No interest has been charged on this loan.
10 Controlling party
Throughout the period the company was under the control of Mr and Mrs J. Baker who own 100% of the issued share capital.
11 Other information
Jonathan Baker Building Contractor Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Holmer Terrace
Holmer
Hereford
HR4 9RH
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