1 September 2022 v2024.6.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP048481052022-09-012023-08-31048481052023-08-31048481052022-08-3104848105core:WithinOneYear2023-08-3104848105core:WithinOneYear2022-08-3104848105core:ShareCapital2023-08-3104848105core:ShareCapital2022-08-3104848105core:RetainedEarningsAccumulatedLosses2023-08-3104848105core:RetainedEarningsAccumulatedLosses2022-08-3104848105bus:Director12022-09-012023-08-3104848105bus:RegisteredOffice2022-09-012023-08-3104848105core:MotorVehicles2022-09-012023-08-3104848105core:PlantMachinery2022-09-012023-08-3104848105core:OfficeEquipment2022-09-012023-08-31048481052021-09-012022-08-3104848105core:PlantMachinery2022-09-0104848105core:PlantMachinery2023-08-3104848105core:PlantMachinery2022-08-310484810512022-09-012023-08-3104848105countries:EnglandWales2022-09-012023-08-3104848105bus:AuditExemptWithAccountantsReport2022-09-012023-08-3104848105bus:PrivateLimitedCompanyLtd2022-09-012023-08-3104848105bus:SmallEntities2022-09-012023-08-3104848105bus:FullAccounts2022-09-012023-08-31
Company registration number:
04848105
John Wilkinson Builders Limited
Unaudited Filleted Financial Statements for the year ended
31 August 2023
John Wilkinson Builders Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of John Wilkinson Builders Limited
Year ended
31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
John Wilkinson Builders Limited
for the year ended
31 August 2023
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
John Wilkinson Builders Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
John Wilkinson Builders Limited
and state those matters that we have agreed to state to the Board of Directors of
John Wilkinson Builders Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
John Wilkinson Builders Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
John Wilkinson Builders Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
John Wilkinson Builders Limited
. You consider that
John Wilkinson Builders Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of John Wilkinson Builders Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
A G Smith & Co Ltd
Chartered Certified Accountants
Unit 8
Laceby Business Park
Laceby
North East Lincs
DN37 7DP
United Kingdom
Date:
22 February 2024
John Wilkinson Builders Limited
Statement of Financial Position
31 August 2023
20232022
Note££
Fixed assets    
Tangible assets 5
29,258
 
19,859
 
Current assets    
Stocks
391,228
 
228,975
 
Debtors 6
3,289
 
31,476
 
Cash at bank and in hand
528,429
 
532,798
 
922,946
 
793,249
 
Creditors: amounts falling due within one year 7
(255,880
)
(242,594
)
Net current assets
667,066
 
550,655
 
Total assets less current liabilities 696,324   570,514  
Provisions for liabilities
(8,198
)
(4,752
)
Net assets
688,126
 
565,762
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
688,026
 
565,662
 
Shareholders funds
688,126
 
565,762
 
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.
Directors' 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 directors acknowledge their 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
22 February 2024
, and are signed on behalf of the board by:
J Wilkinson
Director
Company registration number:
04848105
John Wilkinson Builders Limited
Notes to the Financial Statements
Year ended
31 August 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Highbury, Eau Bank
,
North Somercotes
,
Louth
,
Lincolnshire
,
LN11 7LP
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicles
20% straight line
Plant and machinery
15% straight line
Office equipment
25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2022:
3.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 September 2022
104,240
 
Additions
21,000
 
Disposals
(8,500
)
At
31 August 2023
116,740
 
Depreciation  
At
1 September 2022
84,381
 
Charge
11,601
 
Disposals
(8,500
)
At
31 August 2023
87,482
 
Carrying amount  
At
31 August 2023
29,258
 
At 31 August 2022
19,859
 

6 Debtors

20232022
££
Trade debtors -  
17,202
 
Other debtors
3,289
 
14,274
 
3,289
 
31,476
 

7 Creditors: amounts falling due within one year

20232022
££
Trade creditors
6,265
 
12,695
 
Taxation and social security
45,879
 
43,421
 
Other creditors
203,736
 
186,478
 
255,880
 
242,594