Silverfin false 31/05/2023 01/06/2022 31/05/2023 J M Brock 13 February 2024 The principal activity of the company during the financial year was construction of domestic and commercial buildings. 01065872 2023-05-31 01065872 2022-05-31 01065872 core:CurrentFinancialInstruments 2023-05-31 01065872 core:CurrentFinancialInstruments 2022-05-31 01065872 core:ShareCapital 2023-05-31 01065872 core:ShareCapital 2022-05-31 01065872 core:RetainedEarningsAccumulatedLosses 2023-05-31 01065872 core:RetainedEarningsAccumulatedLosses 2022-05-31 01065872 core:LandBuildings 2022-05-31 01065872 core:PlantMachinery 2022-05-31 01065872 core:Vehicles 2022-05-31 01065872 core:OfficeEquipment 2022-05-31 01065872 core:LandBuildings 2023-05-31 01065872 core:PlantMachinery 2023-05-31 01065872 core:Vehicles 2023-05-31 01065872 core:OfficeEquipment 2023-05-31 01065872 core:CurrentFinancialInstruments 1 2023-05-31 01065872 core:CurrentFinancialInstruments 1 2022-05-31 01065872 2022-06-01 2023-05-31 01065872 bus:FullAccounts 2022-06-01 2023-05-31 01065872 bus:SmallEntities 2022-06-01 2023-05-31 01065872 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 01065872 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 01065872 bus:Director1 2022-06-01 2023-05-31 01065872 core:LandBuildings core:TopRangeValue 2022-06-01 2023-05-31 01065872 core:PlantMachinery 2022-06-01 2023-05-31 01065872 core:Vehicles 2022-06-01 2023-05-31 01065872 core:OfficeEquipment 2022-06-01 2023-05-31 01065872 2021-06-01 2022-05-31 01065872 core:LandBuildings 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Company No: 01065872 (England and Wales)

J.K. BROCK BUILDERS (DEREHAM) LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2023
Pages for filing with the registrar

J.K. BROCK BUILDERS (DEREHAM) LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2023

Contents

J.K. BROCK BUILDERS (DEREHAM) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 May 2023
J.K. BROCK BUILDERS (DEREHAM) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 May 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 13,770 16,470
13,770 16,470
Current assets
Stocks 4 1,500 2,000
Debtors 5 24,219 71,631
Cash at bank and in hand 35,093 31,016
60,812 104,647
Creditors: amounts falling due within one year 6 ( 72,961) ( 66,686)
Net current (liabilities)/assets (12,149) 37,961
Total assets less current liabilities 1,621 54,431
Provision for liabilities 7,382 ( 1,841)
Net assets 9,003 52,590
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 8,003 51,590
Total shareholders' funds 9,003 52,590

For the financial year ending 31 May 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of J.K. Brock Builders (Dereham) Limited (registered number: 01065872) were approved and authorised for issue by the Director. They were signed on its behalf by:

J M Brock
Director

13 February 2024

J.K. BROCK BUILDERS (DEREHAM) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
J.K. BROCK BUILDERS (DEREHAM) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

J.K. Brock Builders (Dereham) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Summerhill House, 1 Sculthorpe Road, Fakenham, NR21 9HA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred 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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 15 - 25 % reducing balance
Vehicles 25 % reducing balance
Office equipment 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 6 8

3. Tangible assets

Land and buildings Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 June 2022 10,658 45,581 29,100 6,707 92,046
At 31 May 2023 10,658 45,581 29,100 6,707 92,046
Accumulated depreciation
At 01 June 2022 4,900 44,320 20,648 5,708 75,576
Charge for the financial year 213 224 2,113 150 2,700
At 31 May 2023 5,113 44,544 22,761 5,858 78,276
Net book value
At 31 May 2023 5,545 1,037 6,339 849 13,770
At 31 May 2022 5,758 1,261 8,452 999 16,470

4. Stocks

2023 2022
£ £
Stocks 1,500 2,000

5. Debtors

2023 2022
£ £
Trade debtors 233 58,975
Prepayments and accrued income 21,579 12,656
Corporation tax 2,407 0
24,219 71,631

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 8,945 8,718
Amounts owed to director 22,667 12,667
Other loans 22,667 12,667
Accruals 5,678 12,658
CIS withheld 24 0
Taxation and social security 12,813 19,822
Other creditors 167 154
72,961 66,686

7. Related party transactions

At the year end the director and the company secretary were owed in total £45,334 (2022 - £25,334) which was repayable on demand.