Company Registration No. 05528544 (England and Wales)
T J Luke Construction Limited
Unaudited accounts
for the year ended 31 August 2023
T J Luke Construction Limited
Unaudited accounts
Contents
T J Luke Construction Limited
Company Information
for the year ended 31 August 2023
Company Number
05528544 (England and Wales)
Registered Office
19 Bucks Avenue
Watford
Hertfordshire
WD19 4AR
T J Luke Construction Limited
Statement of financial position
as at 31 August 2023
Intangible assets
3,360
5,037
Tangible assets
37,758
6,776
Cash at bank and in hand
699,696
716,112
Creditors: amounts falling due within one year
(21,245)
(11,038)
Net current assets
685,685
716,777
Total assets less current liabilities
726,803
728,590
Provisions for liabilities
Deferred tax
(7,174)
(1,287)
Net assets
719,629
727,303
Called up share capital
2
2
Profit and loss account
719,627
727,301
Shareholders' funds
719,629
727,303
For the year ending 31 August 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 February 2024 and were signed on its behalf by
Tom Luke
Director
Company Registration No. 05528544
T J Luke Construction Limited
Notes to the Accounts
for the year ended 31 August 2023
T J Luke Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 05528544. The registered office is 19 Bucks Avenue, Watford, Hertfordshire, WD19 4AR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balances
Work in progress has been valued at the lower of cost and net realisable value. Cost
includes a relevant proportion of overheads according to the stage of completion.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
T J Luke Construction Limited
Notes to the Accounts
for the year ended 31 August 2023
4
Intangible fixed assets
Goodwill
At 1 September 2022
33,550
At 1 September 2022
28,513
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
7,815
25,870
5,434
39,119
Additions
167
46,558
990
47,715
Disposals
-
(25,870)
(365)
(26,235)
At 31 August 2023
7,982
46,558
6,059
60,599
At 1 September 2022
7,688
21,745
2,910
32,343
Charge for the year
73
11,640
874
12,587
On disposals
-
(21,745)
(344)
(22,089)
At 31 August 2023
7,761
11,640
3,440
22,841
At 31 August 2023
221
34,918
2,619
37,758
At 31 August 2022
127
4,125
2,524
6,776
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
6,800
7,426
Loans from directors
14,385
2,544
T J Luke Construction Limited
Notes to the Accounts
for the year ended 31 August 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to company from director
(2,544)
28,159
40,000
(14,385)
(2,544)
28,159
40,000
(14,385)
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).