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Registered number: 01559812
B.J.'s Of Woodham Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Westbury Accountancy Ltd
Suite 1a, Hunter House, 150 Hutton Road
Shenfield
Brentwood
CM15 8NL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 01559812
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,447,142 1,278,217
2,447,142 1,278,217
CURRENT ASSETS
Debtors 5 (9,281 ) 7,369
Cash at bank and in hand 23,521 6,956
14,240 14,325
Creditors: Amounts Falling Due Within One Year 6 (203,105 ) (233,164 )
NET CURRENT ASSETS (LIABILITIES) (188,865 ) (218,839 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,258,277 1,059,378
Creditors: Amounts Falling Due After More Than One Year 7 (743,843 ) (779,458 )
NET ASSETS 1,514,434 279,920
CAPITAL AND RESERVES
Called up share capital 8 60,000 60,000
Revaluation reserve 9 1,528,174 354,011
Profit and Loss Account (73,740 ) (134,091 )
SHAREHOLDERS' FUNDS 1,514,434 279,920
Page 1
Page 2
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Colin Powell
Director
28th June 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
B.J.'s Of Woodham Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01559812 . The registered office is 22 Heralds Way, South Woodham Ferrers, Chelmsford, CM3 5TQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 25%
Plant & Machinery 25%
Motor Vehicles 10%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost or Valuation
As at 1 November 2022 1,458,786 34,638 58,200 1,551,624
Revaluation 1,174,163 - - 1,174,163
Transfers 17,051 (17,051 ) - -
As at 31 October 2023 2,650,000 17,587 58,200 2,725,787
Depreciation
As at 1 November 2022 250,000 17,587 5,820 273,407
Provided during the period - - 5,238 5,238
As at 31 October 2023 250,000 17,587 11,058 278,645
Net Book Value
As at 31 October 2023 2,400,000 - 47,142 2,447,142
As at 1 November 2022 1,208,786 17,051 52,380 1,278,217
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 7,369
Prepayments and accrued income (9,281 ) -
(9,281 ) 7,369
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2 1
Other loans 6,503 6,173
Accruals and deferred income 20,596 3,600
Directors' loan accounts 176,004 223,390
203,105 233,164
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 726,767 755,879
Other loans 17,076 23,579
743,843 779,458
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 60,000 60,000
9. Reserves
Revaluation Reserve
£
As at 1 November 2022 354,011
Surplus on revaluation 1,174,163
As at 31 October 2023 1,528,174
Page 4