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Registration number: 11659515

JJS Brickwork Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

JJS Brickwork Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

JJS Brickwork Ltd

Company Information

Directors

Mr J J Smith

Miss M Stankiste

Registered office

8 Fairfield Park
Broadstairs
Kent
CT10 2JT

Accountants

Burgess & Co
46-47 The Strand
Walmer
Deal
Kent
CT14 7DX

 

JJS Brickwork Ltd

(Registration number: 11659515)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,436

4,552

Current assets

 

Debtors

5

33,170

102,449

Cash at bank and in hand

 

25,834

3,806

 

59,004

106,255

Creditors: Amounts falling due within one year

6

(55,555)

(67,390)

Net current assets

 

3,449

38,865

Total assets less current liabilities

 

6,885

43,417

Creditors: Amounts falling due after more than one year

6

(30,505)

(36,492)

Provisions for liabilities

(686)

(898)

Net (liabilities)/assets

 

(24,306)

6,027

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(24,406)

5,927

Shareholders' (deficit)/funds

 

(24,306)

6,027

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 June 2024 and signed on its behalf by:
 

 

JJS Brickwork Ltd

(Registration number: 11659515)
Balance Sheet as at 30 November 2023

.........................................
Mr J J Smith
Director

 

JJS Brickwork Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
8 Fairfield Park
Broadstairs
Kent
CT10 2JT

These financial statements were authorised for issue by the Board on 4 June 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

JJS Brickwork Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% Written down value

Motor vehicles

20% Written down value

Office equipment

33% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

JJS Brickwork Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

JJS Brickwork Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 December 2022

775

7,950

545

9,270

At 30 November 2023

775

7,950

545

9,270

Depreciation

At 1 December 2022

516

3,880

322

4,718

Charge for the year

258

814

44

1,116

At 30 November 2023

774

4,694

366

5,834

Carrying amount

At 30 November 2023

1

3,256

179

3,436

At 30 November 2022

259

4,070

223

4,552

5

Debtors

Current

2023
£

2022
£

Trade debtors

484

63,427

Prepayments

685

781

Other debtors

32,001

38,241

 

33,170

102,449

6

Creditors

Creditors: amounts falling due within one year

 

JJS Brickwork Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

8,333

8,333

Trade creditors

 

11,317

1,462

Taxation and social security

 

20,756

35,012

Accruals and deferred income

 

15,142

21,971

Other creditors

 

7

612

 

55,555

67,390

 

JJS Brickwork Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

30,505

36,492

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

30,505

36,492

Current loans and borrowings

2023
£

2022
£

Bank borrowings

8,333

8,333

9

Dividends

Interim dividends paid

2023
£

2022
£

Interim dividend of £924.80 (2022 - £1,250.00) per each Ordinary

92,480

125,000

 

 

10

Related party transactions

 

JJS Brickwork Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

22,488

15,042

11

Off-balance sheet arrangements

Pool car
The company signed an agreement to lease a vehicle for three years starting from January 2023 costing £845.10 per month.