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REGISTERED NUMBER: 04560118 (England and Wales)










Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

L J C BUILDING SERVICES LTD

L J C BUILDING SERVICES LTD (Registered number: 04560118)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


L J C BUILDING SERVICES LTD

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr L J Chamberlain
Mrs K A Chamberlain





SECRETARY: Mrs K A Chamberlain





REGISTERED OFFICE: Unit 2
Red House Farm
Cransford
Woodbridge
Suffolk
IP13 9NY





REGISTERED NUMBER: 04560118 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

L J C BUILDING SERVICES LTD (Registered number: 04560118)

Report of the Directors
for the Year Ended 31 March 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

Mr L J Chamberlain
Mrs K A Chamberlain

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs K A Chamberlain - Secretary


21 November 2023

L J C BUILDING SERVICES LTD (Registered number: 04560118)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 46,400 52,319
46,400 52,319

CURRENT ASSETS
Stocks 14,800 4,200
Debtors 6 53,140 86,926
Cash at bank and in hand 44,670 6,412
112,610 97,538
CREDITORS
Amounts falling due within one year 7 110,624 82,901
NET CURRENT ASSETS 1,986 14,637
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,386

66,956

CREDITORS
Amounts falling due after more than one
year

8

(41,234

)

(56,978

)

PROVISIONS FOR LIABILITIES 11 (6,632 ) (6,782 )
NET ASSETS 520 3,196

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 517 3,193
SHAREHOLDERS' FUNDS 520 3,196

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

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 directors acknowledge their 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.

L J C BUILDING SERVICES LTD (Registered number: 04560118)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





Mr L J Chamberlain - Director


L J C BUILDING SERVICES LTD (Registered number: 04560118)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

L J C BUILDING SERVICES LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of six years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


L J C BUILDING SERVICES LTD (Registered number: 04560118)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 10 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 12,000
AMORTISATION
At 1 April 2022
and 31 March 2023 12,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

L J C BUILDING SERVICES LTD (Registered number: 04560118)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 433 71,582 46,944 107,186 226,145
Additions - 570 479 1,700 2,749
At 31 March 2023 433 72,152 47,423 108,886 228,894
DEPRECIATION
At 1 April 2022 433 67,400 44,014 61,979 173,826
Charge for year - 950 682 7,036 8,668
At 31 March 2023 433 68,350 44,696 69,015 182,494
NET BOOK VALUE
At 31 March 2023 - 3,802 2,727 39,871 46,400
At 31 March 2022 - 4,182 2,930 45,207 52,319

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 43,640
DEPRECIATION
At 1 April 2022 8,728
Charge for year 5,236
At 31 March 2023 13,964
NET BOOK VALUE
At 31 March 2023 29,676
At 31 March 2022 34,912

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,213 51,926
Unbilled sales contracts 33,500 35,000
Prepayments 5,427 -
53,140 86,926

L J C BUILDING SERVICES LTD (Registered number: 04560118)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Hire purchase contracts 7,365 7,365
Trade creditors 50,080 40,732
Tax 1,633 -
Social security and other taxes 8,016 -
VAT 29,151 16,999
Other creditors 901 865
Directors' current accounts 1,963 5,425
Accrued expenses 1,515 1,515
110,624 82,901

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 21,667 31,667
Hire purchase contracts 19,567 25,311
41,234 56,978

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 11,667 21,667

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 26,932 32,676

Obligations under hire purchase contracts are secured on the assets to which they relate.

L J C BUILDING SERVICES LTD (Registered number: 04560118)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,632 6,782

Deferred
tax
£   
Balance at 1 April 2022 6,782
Movement in year (150 )
Balance at 31 March 2023 6,632