Company Registration No. 11827759 (England and Wales)
J. FIELD BUILDERS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
J. FIELD BUILDERS LIMITED
COMPANY INFORMATION
Director
J Field
Company number
11827759
Registered office
52 Rucklers Lane
Kings Langley
WD4 8AU
J. FIELD BUILDERS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
J. FIELD BUILDERS LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Stocks
5,410
4,470
Debtors
2
5,830
1,131
Cash at bank and in hand
25,141
12,049
36,381
17,650
Creditors: amounts falling due within one year
3
(15,841)
(5,275)
Net current assets
20,540
12,375
Capital and reserves
Called up share capital
4
100
100
Profit and loss reserves
20,440
12,275
Total equity
20,540
12,375
The director of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
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 his 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.
The financial statements were approved and signed by the director and authorised for issue on 13 November 2023
J Field
Director
Company Registration No. 11827759
J. FIELD BUILDERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 2 -
1
Accounting policies
Company information
J. Field Builders Limited is a private company limited by shares incorporated in England and Wales. The registered office is 52 Rucklers Lane, Kings Langley, WD4 8AU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
5,830
1,131
3
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
7,845
4,171
Other taxation and social security
7,396
504
Other creditors
600
600
15,841
5,275
J. FIELD BUILDERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 3 -
4
Called up share capital
2023
2022
£
£
Ordinary share capital
Authorised
100 Ordinary of £1 each
100
100
Issued and fully paid
100 Ordinary of £1 each
100
100