IRIS Accounts Production v23.3.1.45 14101422 director 11.5.22 31.5.23 31.5.23 false true false false true false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh141014222022-05-10141014222023-05-31141014222022-05-112023-05-31141014222022-05-1014101422ns10:Originalns15:EnglandWales2022-05-112023-05-3114101422ns14:PoundSterlingns10:Original2022-05-112023-05-3114101422ns10:Originalns10:Director12022-05-112023-05-3114101422ns10:Original2022-05-112023-05-3114101422ns10:Original2023-05-3114101422ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-112023-05-3114101422ns10:Originalns10:SmallEntities2022-05-112023-05-3114101422ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-112023-05-3114101422ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-112023-05-3114101422ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-112023-05-3114101422ns10:Originalns10:FullAccounts2022-05-112023-05-3114101422ns10:Originalns10:OrdinaryShareClass12022-05-112023-05-3114101422ns10:Originalns10:OrdinaryShareClass112022-05-112023-05-3114101422ns10:Originalns10:RegisteredOffice2022-05-112023-05-3114101422ns10:Originalns5:CurrentFinancialInstruments2023-05-3114101422ns10:Originalns5:Non-currentFinancialInstruments2023-05-3114101422ns5:ShareCapitalns10:Original2023-05-3114101422ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3114101422ns5:ShareCapitalns10:Original2022-05-112023-05-3114101422ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-112023-05-3114101422ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3114101422ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-05-3114101422ns10:Originalns10:OrdinaryShareClass12023-05-31
REGISTERED NUMBER: 14101422 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 11 MAY 2022 TO 31 MAY 2023

FOR

JAFBUILD LIMITED

JAFBUILD LIMITED (REGISTERED NUMBER: 14101422)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 MAY 2022 TO 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Statement of Changes in Equity 3

Notes to the Financial Statements 4


JAFBUILD LIMITED

COMPANY INFORMATION
FOR THE PERIOD 11 MAY 2022 TO 31 MAY 2023







DIRECTOR: I A A Gillan





REGISTERED OFFICE: Cypress House
3 Grove Avenue
Wilmslow
SK9 5EG





REGISTERED NUMBER: 14101422 (England and Wales)





ACCOUNTANTS: Donachie Chartered Accountants
2nd Floor
Templeton House
62 Templeton Street
Glasgow
G40 1DA

JAFBUILD LIMITED (REGISTERED NUMBER: 14101422)

BALANCE SHEET
31 MAY 2023

Notes £   
CURRENT ASSETS
Stocks 4 1,168,892
Debtors 5 7,580
Cash at bank 5
1,176,477
CREDITORS
Amounts falling due within one year 6 28,084
NET CURRENT ASSETS 1,148,393
TOTAL ASSETS LESS CURRENT LIABILITIES 1,148,393

CREDITORS
Amounts falling due after more than one year 7 1,150,000
NET LIABILITIES (1,607 )

CAPITAL AND RESERVES
Called up share capital 8 2
Retained earnings 9 (1,609 )
SHAREHOLDERS' FUNDS (1,607 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 February 2024 and were signed by:





I A A Gillan - Director


JAFBUILD LIMITED (REGISTERED NUMBER: 14101422)

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD 11 MAY 2022 TO 31 MAY 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Changes in equity
Issue of share capital 2 - 2
Total comprehensive loss - (1,609 ) (1,609 )
Balance at 31 May 2023 2 (1,609 ) (1,607 )

JAFBUILD LIMITED (REGISTERED NUMBER: 14101422)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 MAY 2022 TO 31 MAY 2023


1. STATUTORY INFORMATION

Jafbuild Limited 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.

The financial statements have been prepared on the going concern basis, the validity of which depends upon the continued support of the Company's sole director and shareholders. At the balance sheet date the Company's liabilities exceeded its assets by £1,607.

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 period 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.

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 period 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.

Financial instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

JAFBUILD LIMITED (REGISTERED NUMBER: 14101422)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 MAY 2022 TO 31 MAY 2023


4. STOCKS
£   
Work-in-progress 1,168,892

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 2,942
VAT 4,638
7,580

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 26,834
Accruals and deferred income 1,250
28,084

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other loans - 1-2 years 1,150,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2 Ordinary £1 2

2 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

9. RESERVES
Retained
earnings
£   

Deficit for the period (1,609 )
At 31 May 2023 (1,609 )