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REGISTERED NUMBER: NI009560 (Northern Ireland)















Financial Statements

for the Year Ended 30 September 2023

for

Jordan Concrete Ltd

Jordan Concrete Ltd (Registered number: NI009560)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jordan Concrete Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mr Trevor Joseph Jordan
Mrs Kathleen Jordan
Mr Nigel John Jordan
Mr Alexander Jordan
Mr Peter Jordan



SECRETARY: Mr Trevor Joseph Jordan



REGISTERED OFFICE: 8a Sheepwalk Road
Sales Corner
Lisburn
Co. Antrim
BT28 3RD



REGISTERED NUMBER: NI009560 (Northern Ireland)



ACCOUNTANTS: McCleary & Company Ltd
Chartered Accountants
Garvey Studios
14 Longstone Street
Lisburn
Co. Antrim
BT28 1TP



BANKERS: Danske Bank
62-66 Bow Street
Lisburn
Co. Antrim
BT28 1YS

Jordan Concrete Ltd (Registered number: NI009560)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 440,201 462,023
Investments 5 80 80
440,281 462,103

CURRENT ASSETS
Stocks 235,695 197,653
Debtors 6 252,466 330,059
Cash at bank and in hand 552,728 514,295
1,040,889 1,042,007
CREDITORS
Amounts falling due within one year 7 (175,714 ) (216,862 )
NET CURRENT ASSETS 865,175 825,145
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,305,456

1,287,248

CREDITORS
Amounts falling due after more than one
year

8

(5,187

)

(23,697

)

PROVISIONS FOR LIABILITIES (27,442 ) (30,168 )

ACCRUALS AND DEFERRED INCOME (18,428 ) (20,263 )
NET ASSETS 1,254,399 1,213,120

Jordan Concrete Ltd (Registered number: NI009560)

Balance Sheet - continued
30 September 2023

30.9.23 30.9.22
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 750 750
Other reserves 250 250
Retained earnings 1,253,399 1,212,120
SHAREHOLDERS' FUNDS 1,254,399 1,213,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 7 March 2024 and were signed on its behalf by:




Mr Trevor Joseph Jordan - Director



Mr Nigel John Jordan - Director


Jordan Concrete Ltd (Registered number: NI009560)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Jordan Concrete Ltd is a private company, limited by shares , registered in Northern Ireland. 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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost and not provided
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

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.

Jordan Concrete Ltd (Registered number: NI009560)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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 24 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 693,651 770,375 1,464,026
Additions - 48,108 48,108
Disposals - (126,929 ) (126,929 )
At 30 September 2023 693,651 691,554 1,385,205
DEPRECIATION
At 1 October 2022 410,645 591,358 1,002,003
Charge for year 11,602 49,501 61,103
Eliminated on disposal - (118,102 ) (118,102 )
At 30 September 2023 422,247 522,757 945,004
NET BOOK VALUE
At 30 September 2023 271,404 168,797 440,201
At 30 September 2022 283,006 179,017 462,023

Jordan Concrete Ltd (Registered number: NI009560)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 October 2022
and 30 September 2023 80
NET BOOK VALUE
At 30 September 2023 80
At 30 September 2022 80

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 197,368 279,898
Amounts owed by associates 54,646 24,556
Other debtors 452 25,605
252,466 330,059

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts - 54,428
Hire purchase contracts 18,510 19,416
Trade creditors 76,364 58,133
Taxation and social security 56,129 63,166
Other creditors 24,711 21,719
175,714 216,862

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts 5,187 23,697

9. RELATED PARTY DISCLOSURES

Jordan Concrete Ltd and Architectural Stone Ltd are two companies under common control. During the year Architectural Stone Ltd paid a management charge of £35,000 to Jordan Concrete Ltd. A current account runs between the two companies and at the year end Jordan Concrete Ltd was owed £54,647 by Architectural Stone Ltd, which is included in debtors.

The company also paid one of the Directors a rent of £4,100 for the use of a shed.

Jordan Concrete Ltd (Registered number: NI009560)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who own 100% of the called up share capital.