2022-09-01 04505911 2023-08-31 04505911 2022-09-01 2023-08-31 04505911 2022-08-31 04505911 2021-09-01 2022-08-31 04505911 uk-core:WithinOneYear 2022-08-31 04505911 uk-core:WithinOneYear 2023-08-31 04505911 uk-core:AfterOneYear 2022-08-31 04505911 uk-core:AfterOneYear 2023-08-31 04505911 uk-core:ShareCapital 2023-08-31 04505911 uk-core:ShareCapital 2022-08-31 04505911 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 04505911 uk-core:RetainedEarningsAccumulatedLosses 2022-08-31 04505911 uk-bus:Director1 2022-09-01 2023-08-31 04505911 uk-core:PlantMachinery 2022-09-01 2023-08-31 04505911 uk-core:MotorVehicles 2022-09-01 2023-08-31 04505911 uk-core:MotorVehicles 2022-08-31 04505911 uk-core:PlantMachinery 2022-08-31 04505911 uk-core:Buildings 2022-08-31 04505911 uk-core:Buildings 2022-09-01 2023-08-31 04505911 uk-core:Buildings 2023-08-31 04505911 uk-core:PlantMachinery 2023-08-31 04505911 uk-core:MotorVehicles 2023-08-31 04505911 uk-core:WithinOneYear 2023-08-31 04505911 uk-core:WithinOneYear 2022-08-31 04505911 uk-core:AfterOneYear uk-core:Secured 2023-08-31 04505911 uk-core:AfterOneYear uk-core:Secured 2022-08-31 iso4217:GBP xbrli:pure 04505911 uk-bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 04505911 uk-bus:FRS102 2022-09-01 2023-08-31 04505911 uk-bus:FilletedAccounts 2022-09-01 2023-08-31 04505911 uk-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31
JTC Excavations Limited
Registered Number:04505911
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
2
Registered Number :
04505911
As at 31 August 2023
JTC Excavations Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
249,661
279,756
2
249,661
279,756
Current assets
Inventories
40,000
95,000
3
Trade and other receivables
11,981
8,404
4
80,196
Cash and cash equivalents
2,648
106,052
132,177
Trade and other payables: amounts falling due within one
year
(33,659)
(18,976)
5
98,518
87,076
Net current assets
Total assets less current liabilities
336,737
378,274
Trade and other payables: amounts falling due after more
than one year
(59,500)
(54,700)
6
282,037
Net assets
318,774
Capital and reserves
Called up share capital
2
2
Retained earnings
282,035
318,772
282,037
318,774
Shareholders' funds
For the year ended 31 August 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 August 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his 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.
J T Crowther Director
These financial statements were approved and authorised for issue by the Board on 05 April 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 31 August 2023
JTC Excavations Limited
Notes to the Financial Statements
Statutory Information
JTC Excavations Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04505911.
Registered address:
The Bungalow
Soyland
Sowerby Bridge
Halifax
HX6 4ND
The presentation currency is £ sterling.
1. Accounting policies
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.
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:
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
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.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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4
For the year ended 31 August 2023
JTC Excavations Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 September 2022
563,490
169,513
353,509
40,468
14,700
-
14,700
-
Additions
-
(4,000)
-
Disposals
(4,000)
At 31 August 2023
40,468
364,209
169,513
574,190
Provision for depreciation and impairment
At 01 September 2022
283,734
120,287
163,447
-
Charge for year
42,707
12,306
30,401
-
(1,912)
-
(1,912)
-
On disposal
At 31 August 2023
324,529
132,593
191,936
-
At 31 August 2023
Net book value
40,468
172,273
36,920
249,661
At 31 August 2022
40,468
190,062
49,226
279,756
3. Inventories
2022
2023
£
£
Stocks
95,000
40,000
4. Trade and other receivables
2022
2023
£
£
Trade debtors
5,316
4,422
Prepayments and accrued income
3,088
7,559
11,981
8,404
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5
For the year ended 31 August 2023
JTC Excavations Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
5,000
5,000
Trade creditors
11,963
16,552
Taxation and social security
49
6,568
Accruals and deferred income
1,700
1,700
Directors' loan accounts
264
206
Obligations under HP/Financial leases
-
3,633
18,976
33,659
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
10,200
15,000
Other creditors
44,500
44,500
54,700
59,500
7. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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