Jamie Brown Roofing & Leadwork Limited |
Registered Number:07327715 |
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2023
Jamie Brown Roofing & Leadwork Limited
Contents Page
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Statement of Financial Position
3 to 6
Notes to the Financial Statements
Jamie Brown Roofing & Leadwork Limited
Statement of Financial Position
2022
2023
1,600
2,400
2
Property, plant and equipment |
560,733
18,846
3
562,333
21,246
22,940
57,296
4
Trade and other receivables |
127,588
49,016
5
333,368
Cash and cash equivalents |
150,721
257,033
483,896
Trade and other payables: amounts falling due within |
one year |
(143,397)
(422,744)
6
340,499
(165,711)
Net current liabilities
Total assets less current liabilities |
396,622
361,745
(10,444)
(3,581)
Provisions for liabilities |
386,178
Net assets
358,164
2
2
386,176
358,162
386,178
358,164
Shareholders' funds
For the year ended 31 July 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 July 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their 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. |
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For the year ended 31 July 2023
Jamie Brown Roofing & Leadwork Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 03 April 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 July 2023
Jamie Brown Roofing & Leadwork Limited
Notes to the Financial Statements
Statutory Information
Jamie Brown Roofing & Leadwork Limited is a private limited company, limited by shares, domiciled in |
England and Wales, registration number 07327715. |
Principal place of business: |
25 Crofts Lea Park
Ilfracombe
DEVON
EX34 9PN
10/11 Northfield Road
Ilfracombe
DEVON
EX34 8AL
The presentation currency is £ sterling. |
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. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of 10 years from 1st August 2015 in accordance with FRS 102. |
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: |
Land and buildings
Plant and machinery
Computer equipment
Motor vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
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For the year ended 31 July 2023
Jamie Brown Roofing & Leadwork Limited
Notes to the Financial Statements Continued
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. |
2. Intangible fixed assets |
Goodwill
10,000
10,000
7,600
800
Charge for year
8,400
1,600
2,400
3. Property, plant and equipment |
59,050
5,563
48,530
4,957
-
561,282
166
-
31,778
529,338
36,735
48,530
5,729
620,332
529,338
Provision for depreciation and impairment |
40,204
1,832
35,984
2,388
-
Charge for year
19,395
726
3,137
5,151
10,381
59,599
2,558
39,121
7,539
10,381
518,957
29,196
9,409
3,171
560,733
-
2,569
12,546
3,731
18,846
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For the year ended 31 July 2023
Jamie Brown Roofing & Leadwork Limited
Notes to the Financial Statements Continued
2022
2023
57,296
22,940
Inventories are valued at the lower of cost and selling price less costs to complete and sell. Cost is defined as the actual cost of materials. Provision is made for obsolete and slow-moving items. In respect of work in progress this is the percentage of any sales contract that has been completed within the year but invoiced after the year-end and is based on the sales invoice total. |
5. Trade and other receivables |
2022
2023
28,284
81,954
20,732
45,634
127,588
49,016
6. Trade and other payables: amounts falling due within one year |
2022
2023
77,590
27,142
Taxation and social security |
30,365
47,386
314,789
68,869
422,744
143,397
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For the year ended 31 July 2023
Jamie Brown Roofing & Leadwork Limited
Notes to the Financial Statements Continued
7. Related party transactions |
The directors clntinue to support the company and have iincreased the amount leant to the comapny |
during this year, as detailed below. |
Balance as at Drawn in Year Introduced Balamce as at |
Mr J Brown 0 10,659 160,483 149,824 |
Mrs K Brown 70,001 45,659 160,483 149,825 |
Mr J Brown and Mrs K Brown each own 50% of the ordinary share capital, and as connected persons |
have joint control. |
8. Average number of persons employed |
During the year the average number of employees was 9 (2022 : 9)
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