2022-04-01 05393106 2023-03-31 05393106 2022-04-01 2023-03-31 05393106 2022-03-31 05393106 2021-04-01 2022-03-31 05393106 uk-core:WithinOneYear 2022-03-31 05393106 uk-core:WithinOneYear 2023-03-31 05393106 uk-core:ShareCapital 2023-03-31 05393106 uk-core:ShareCapital 2022-03-31 05393106 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 05393106 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 05393106 uk-bus:Director1 2022-04-01 2023-03-31 05393106 uk-core:PlantMachinery 2022-04-01 2023-03-31 05393106 uk-core:CommercialMotorVehicles 2022-04-01 2023-03-31 05393106 uk-core:CommercialMotorVehicles 2022-03-31 05393106 uk-core:PlantMachinery 2022-03-31 05393106 uk-core:PlantMachinery 2023-03-31 05393106 uk-core:CommercialMotorVehicles 2023-03-31 iso4217:GBP xbrli:pure 05393106 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05393106 uk-bus:FRS102 2022-04-01 2023-03-31 05393106 uk-bus:FullAccounts 2022-04-01 2023-03-31 05393106 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
John Schofield Construction Ltd
Registered Number:05393106
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
John Schofield Construction Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
05393106
As at 31 March 2023
John Schofield Construction Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
4,358
5,811
2
4,358
5,811
Current assets
Trade and other receivables
3,000
1,442
3
17,552
Cash and cash equivalents
44,651
46,093
20,552
Trade and other payables: amounts falling due within one year
(17,483)
(43,068)
4
3,069
3,025
Net current assets
Total assets less current liabilities
7,383
8,880
(828)
(1,105)
Provisions for liabilities
6,555
Net assets
7,775
Capital and reserves
Called up share capital
5
5
Retained earnings
6,550
7,770
6,555
7,775
Shareholders' funds
For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr J A Schofield Director
These financial statements were approved and authorised for issue by the Board on 23 August 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2023
John Schofield Construction Ltd
Notes to the Financial Statements
Statutory Information
John Schofield Construction Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05393106.
Registered address:
Far Two Laws Farm
Two Laws
Oldfield
Keighley
BD22 0JN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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5
For the year ended 31 March 2023
John Schofield Construction Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or valuation
At 01 April 2022
20,638
18,365
2,273
At 31 March 2023
2,273
18,365
20,638
Provision for depreciation and impairment
At 01 April 2022
14,827
12,554
2,273
Charge for year
1,453
1,453
-
At 31 March 2023
16,280
14,007
2,273
At 31 March 2023
Net book value
-
4,358
4,358
At 31 March 2022
-
5,811
5,811
3. Trade and other receivables
2022
2023
£
£
Trade debtors
1,442
3,000
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
1,437
3,272
Taxation and social security
7,916
2,959
Other creditors
33,715
11,252
43,068
17,483
5. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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