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REGISTERED NUMBER: 04302732 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

JOSEPH CONSTRUCTION LIMITED

JOSEPH CONSTRUCTION LIMITED (REGISTERED NUMBER: 04302732)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOSEPH CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: T S White
L J Higgins





REGISTERED OFFICE: 54 Wolseley Road
Rugeley
Staffordshire
WS15 2EW





REGISTERED NUMBER: 04302732 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

JOSEPH CONSTRUCTION LIMITED (REGISTERED NUMBER: 04302732)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,182 59,750

CURRENT ASSETS
Debtors 5 8,127 221,448
Cash at bank 255,935 42,430
264,062 263,878
CREDITORS
Amounts falling due within one year 6 196,109 159,683
NET CURRENT ASSETS 67,953 104,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,135

163,945

PROVISIONS FOR LIABILITIES 10,463 11,353
NET ASSETS 117,672 152,592

CAPITAL AND RESERVES
Called up share capital 12,000 12,000
Retained earnings 105,672 140,592
SHAREHOLDERS' FUNDS 117,672 152,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

JOSEPH CONSTRUCTION LIMITED (REGISTERED NUMBER: 04302732)

BALANCE SHEET - continued
31 OCTOBER 2023


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 11 April 2024 and were signed on its behalf by:





T S White - Director


JOSEPH CONSTRUCTION LIMITED (REGISTERED NUMBER: 04302732)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Joseph Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 invoiced sales of services and goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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.

JOSEPH CONSTRUCTION LIMITED (REGISTERED NUMBER: 04302732)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 60,611 101,408 2,711 164,730
Additions 1,430 19,500 - 20,930
At 31 October 2023 62,041 120,908 2,711 185,660
DEPRECIATION
At 1 November 2022 47,029 56,279 1,672 104,980
Charge for year 3,753 16,157 588 20,498
At 31 October 2023 50,782 72,436 2,260 125,478
NET BOOK VALUE
At 31 October 2023 11,259 48,472 451 60,182
At 31 October 2022 13,582 45,129 1,039 59,750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,016 123,690
Amounts owed by group undertakings - 48,629
Other debtors 6,111 49,129
8,127 221,448

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 56,461 138,610
Amounts owed to group undertakings 16,371 -
Taxation and social security 116,547 17,061
Other creditors 6,730 4,012
196,109 159,683

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

JOSEPH CONSTRUCTION LIMITED (REGISTERED NUMBER: 04302732)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


8. ULTIMATE PARENT COMPANY

The company's ultimate parent undertaking is Tequila and Lime Limited, registered office 54 Wolseley Road, Rugeley, Staffordshire, WS15 2EW.