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REGISTERED NUMBER: 02325236 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31st July 2023

for

John Ellis Builders Limited

John Ellis Builders Limited (Registered number: 02325236)






Contents of the Financial Statements
For The Year Ended 31st July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


John Ellis Builders Limited

Company Information
For The Year Ended 31st July 2023







DIRECTORS: J C Ellis
Mrs G M Ellis
A J Ellis





SECRETARY: Mrs G M Ellis





REGISTERED OFFICE: The Mount
Kirby Hill
Boroughbridge
North Yorkshire
YO51 9DH





REGISTERED NUMBER: 02325236 (England and Wales)





ACCOUNTANTS: F E Metcalfe & Co Limited
Chartered Accountants
4 Old Market Place
Ripon
North Yorkshire
HG4 1EQ

John Ellis Builders Limited (Registered number: 02325236)

Balance Sheet
31st July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 85,750 87,742

CURRENT ASSETS
Stocks 2,300,424 2,058,179
Debtors 4 119,539 330,830
Cash at bank 315,639 411,306
2,735,602 2,800,315
CREDITORS
Amounts falling due within one year 5 486,391 511,746
NET CURRENT ASSETS 2,249,211 2,288,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,334,961

2,376,311

CREDITORS
Amounts falling due after more than one
year

6

(19,100

)

(28,887

)

PROVISIONS FOR LIABILITIES (12,701 ) (11,887 )
NET ASSETS 2,303,160 2,335,537

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 755,901 755,901
Retained earnings 1,546,259 1,578,636
SHAREHOLDERS' FUNDS 2,303,160 2,335,537

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

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

John Ellis Builders Limited (Registered number: 02325236)

Balance Sheet - continued
31st July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st March 2024 and were signed on its behalf by:





A J Ellis - Director


John Ellis Builders Limited (Registered number: 02325236)

Notes to the Financial Statements
For The Year Ended 31st July 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
(a) General information and basis of preparation

John Ellis Builders Limited is a private company limited by shares incorporated in England. The address of the registered office is given in the company information on General Information page of these financial statements.

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 (Section 1A) The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102 (Section 1A)) and the Companies Act 2006.

The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.


(b) Turnover and other income

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of building services

When the outcome of a transaction can be estimated reliably, turnover from provision of materials and labour for building services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to actual costs incurred at the balance sheet date in comparison to total expected costs.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Construction contracts and property development

When the outcome of a construction contract or a property development can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to actual costs incurred at the balance sheet date in comparison to total expected costs.

Where the outcome cannot be measured reliably, contract or development costs are recognised as an expense in the period in which they are incurred and contract turnover or property sale proceeds are recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs or property development costs will exceed the total contract turnover or property sale proceeds, the expected loss is recognised as an expense immediately, with a corresponding provision.

Interest and dividends receivable

Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.






John Ellis Builders Limited (Registered number: 02325236)

Notes to the Financial Statements - continued
For The Year Ended 31st July 2023

(c) Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures and Fittings 15% reducing balance
Computers 33% reducing balance

(d) Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

(e) Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

(f) Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

(g) Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

(h) Foreign currency

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

John Ellis Builders Limited (Registered number: 02325236)

Notes to the Financial Statements - continued
For The Year Ended 31st July 2023

(i) Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st August 2022 141,965 6,791 155,702 3,586 308,044
Additions 9,206 - 10,500 - 19,706
Disposals (628 ) - - - (628 )
At 31st July 2023 150,543 6,791 166,202 3,586 327,122
DEPRECIATION
At 1st August 2022 95,628 6,286 116,109 2,279 220,302
Charge for year 8,275 76 12,525 436 21,312
Eliminated on disposal (242 ) - - - (242 )
At 31st July 2023 103,661 6,362 128,634 2,715 241,372
NET BOOK VALUE
At 31st July 2023 46,882 429 37,568 871 85,750
At 31st July 2022 46,337 505 39,593 1,307 87,742

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 98,163 324,438
Other debtors - 560
Prepayments 21,376 5,832
119,539 330,830

John Ellis Builders Limited (Registered number: 02325236)

Notes to the Financial Statements - continued
For The Year Ended 31st July 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bounce Back Loan 10,000 10,000
Trade creditors 243,815 201,761
Corporation Tax 15,169 10,686
Social security and other taxes 31,345 109,021
Other creditors 1,692 9,825
Directors' current accounts 177,951 164,487
Accrued expenses 6,419 5,966
486,391 511,746

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bounce Back Loan - 1-2 years 10,000 10,000
Bounce Back Loan - 2-5 years 9,100 18,887
19,100 28,887