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REGISTERED NUMBER: 08627126 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

JPK BUILDING CONTRACTORS LIMITED

JPK BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 08627126)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


JPK BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 08627126)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,297 36,347

CURRENT ASSETS
Stocks 166,627 174,105
Debtors 5 76,741 40,513
Cash at bank 7,555 18
250,923 214,636
CREDITORS
Amounts falling due within one year 6 174,482 171,071
NET CURRENT ASSETS 76,441 43,565
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,738

79,912

CREDITORS
Amounts falling due after more than one
year

7

18,333

28,126
NET ASSETS 91,405 51,786

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 91,305 51,686
SHAREHOLDERS' FUNDS 91,405 51,786

JPK BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 08627126)

BALANCE SHEET - continued
31 JULY 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





Mr J B Kruth - Director


JPK BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 08627126)

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


1. STATUTORY INFORMATION

JPK Building Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08627126

Registered office: Unit 14
Hele Manor
Roundswell Business Park
BARNSTAPLE
Devon
EX31 3UL

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date.


JPK BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 08627126)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Short Motor
leasehold vehicles Equipment Totals
£    £    £    £   
COST
At 1 August 2022 14,220 30,750 9,533 54,503
Additions - - 6,911 6,911
Disposals - (4,800 ) - (4,800 )
At 31 July 2023 14,220 25,950 16,444 56,614
DEPRECIATION
At 1 August 2022 - 15,242 2,914 18,156
Charge for year - 2,977 3,384 6,361
Eliminated on disposal - (1,200 ) - (1,200 )
At 31 July 2023 - 17,019 6,298 23,317
NET BOOK VALUE
At 31 July 2023 14,220 8,931 10,146 33,297
At 31 July 2022 14,220 15,508 6,619 36,347

JPK BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 08627126)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 35,175 17,054
Other debtors 41,566 23,459
76,741 40,513

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 24,266
Trade creditors 41,938 98,612
Taxation and social security 24,122 6,885
Other creditors 98,422 41,308
174,482 171,071

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 18,333 28,126

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 14,266

The bank overdraft facility is secured personally by the director.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

JPK BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 08627126)

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


10. RESERVES
Retained
earnings
£   

At 1 August 2022 51,686
Profit for the year 46,269
Dividends (6,650 )
At 31 July 2023 91,305

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As director, Mr J B Kruth has provided a personal guarantee over the bank overdraft facility of £25,000.

12. RELATED PARTY DISCLOSURES

Mr J B Kruth is a director and shareholder in Kruth Ltd. The company paid Kruth Ltd £Nil (2022 - £21,200) during the year for subcontract services and made sales to Kruth Ltd totalling £666,540 (2022 - £46,933).

At the year end the company owed Kruth Ltd £74,000 (2022 - £20,000).