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REGISTERED NUMBER: 05525584 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

J. A. Young Construction Limited

J. A. Young Construction Limited (Registered number: 05525584)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J. A. Young Construction Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J A Young





REGISTERED OFFICE: The Granary Higham Fields Lane
Higham-On-The-Hill
Nuneaton
Warwickshire
CV13 6ET





REGISTERED NUMBER: 05525584 (England and Wales)





ACCOUNTANTS: Geoff Cowley & Co Ltd
Willow Park
Upton Lane
Stoke Golding
Nuneaton
Warwickshire
CV13 6EU

J. A. Young Construction Limited (Registered number: 05525584)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,205 32,473

CURRENT ASSETS
Debtors 5 10,961 10,970
Cash at bank 62,034 63,611
72,995 74,581
CREDITORS
Amounts falling due within one year 6 23,013 25,746
NET CURRENT ASSETS 49,982 48,835
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,187

81,308

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 108,087 81,208
108,187 81,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 April 2024 and were signed by:





J A Young - Director


J. A. Young Construction Limited (Registered number: 05525584)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

J. A. Young 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

J. A. Young Construction Limited (Registered number: 05525584)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 96,037
Additions 50,363
Disposals (49,220 )
At 31 March 2024 97,180
DEPRECIATION
At 1 April 2023 63,564
Charge for year 24,530
Eliminated on disposal (49,119 )
At 31 March 2024 38,975
NET BOOK VALUE
At 31 March 2024 58,205
At 31 March 2023 32,473

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 10,961 10,970

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 8,666 12,667
Trade creditors 5,174 1,451
Taxation and social security 8,518 8,846
Other creditors 655 2,782
23,013 25,746