Registered number
08713350
TJB Plastering Limited
Filleted Accounts
31 October 2023
TJB Plastering Limited
Registered number: 08713350
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 34,511 42,305
Current assets
Stocks 30,000 -
Debtors 4 218,110 76,887
Cash at bank and in hand 10,727 18,550
258,837 95,437
Creditors: amounts falling due within one year 5 (199,956) (52,874)
Net current assets 58,881 42,563
Total assets less current liabilities 93,392 84,868
Creditors: amounts falling due after more than one year 6 (25,879) (18,101)
Net assets 67,513 66,767
Capital and reserves
Called up share capital 100 100
Profit and loss account 67,413 66,667
Shareholder's funds 67,513 66,767
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T Brazier
Director
Approved by the board on 4 July 2024
TJB Plastering Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2022 4,500 63,042 67,542
Additions - 833 833
At 31 October 2023 4,500 63,875 68,375
Depreciation
At 1 November 2022 3,745 21,492 25,237
Charge for the year 151 8,476 8,627
At 31 October 2023 3,896 29,968 33,864
Net book value
At 31 October 2023 604 33,907 34,511
At 31 October 2022 755 41,550 42,305
4 Debtors 2023 2022
£ £
Other debtors 218,110 76,887
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 2,009
Obligations under finance lease and hire purchase contracts 2,957 2,957
Trade creditors (1) -
Corporation tax 3,641 1,442
Other taxes and social security costs (10,324) (4,638)
Other creditors 203,683 51,104
199,956 52,874
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 15,144 18,101
Other creditors 10,735 -
25,879 18,101
7 Other information
TJB Plastering Limited is a private company limited by shares and incorporated in England. Its registered office is:
89C Rayleigh Avenue
Leigh on Sea
Essex
SS9 5DL
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