Registered number
09405230
John Boyce Plasterwork Limited
Filleted Accounts
31 January 2024
John Boyce Plasterwork Limited
Registered number: 09405230
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 6,321 6,895
Tangible assets 4 29,102 38,193
35,423 45,088
Current assets
Debtors 5 22,218 12,266
Cash at bank and in hand 589 808
22,807 13,074
Creditors: amounts falling due within one year 6 (53,971) (44,261)
Net current liabilities (31,164) (31,187)
Net assets 4,259 13,901
Capital and reserves
Called up share capital 1 1
Profit and loss account 4,258 13,900
Shareholders' funds 4,259 13,901
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
J Boyce
Director
Approved by the board on 15 August 2024
John Boyce Plasterwork Limited
Notes to the Accounts
for the year ended 31 January 2024
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 11,487
At 31 January 2024 11,487
Amortisation
At 1 February 2023 4,592
Provided during the year 574
At 31 January 2024 5,166
Net book value
At 31 January 2024 6,321
At 31 January 2023 6,895
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 700 38,030 38,730
Additions 611 - 611
At 31 January 2024 1,311 38,030 39,341
Depreciation
At 1 February 2023 537 - 537
Charge for the year 194 9,508 9,702
At 31 January 2024 731 9,508 10,239
Net book value
At 31 January 2024 580 28,522 29,102
At 31 January 2023 163 38,030 38,193
5 Debtors 2024 2023
£ £
Trade debtors 11,415 4,230
Other debtors 10,803 8,036
22,218 12,266
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 1,137
Obligations under finance lease and hire purchase contracts 21,720 24,157
VAT 3,771 464
Taxation and social security costs 26,643 18,035
Directors loan account 1,837 468
53,971 44,261
7 Other information
John Boyce Plasterwork Limited is a private company limited by shares and incorporated in England. Its registered office is:
Beaufort House
113 Parson Street
Bristol
BS3 5QH
John Boyce Plasterwork Limited 09405230 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts October 2023 release 2 J Boyce No description of principal activity 09405230 2022-02-01 2023-01-31 09405230 core:WithinOneYear 2023-01-31 09405230 core:ShareCapital 2023-01-31 09405230 core:RetainedEarningsAccumulatedLosses 2023-01-31 09405230 2023-02-01 2024-01-31 09405230 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09405230 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09405230 bus:Director40 2023-02-01 2024-01-31 09405230 1 2023-02-01 2024-01-31 09405230 2 2023-02-01 2024-01-31 09405230 core:Goodwill 2023-02-01 2024-01-31 09405230 core:PlantMachinery 2023-02-01 2024-01-31 09405230 core:Vehicles 2023-02-01 2024-01-31 09405230 countries:England 2023-02-01 2024-01-31 09405230 bus:FRS102 2023-02-01 2024-01-31 09405230 bus:FullAccounts 2023-02-01 2024-01-31 09405230 2024-01-31 09405230 core:WithinOneYear 2024-01-31 09405230 core:ShareCapital 2024-01-31 09405230 core:RetainedEarningsAccumulatedLosses 2024-01-31 09405230 core:Goodwill 2024-01-31 09405230 core:PlantMachinery 2024-01-31 09405230 core:Vehicles 2024-01-31 09405230 2023-01-31 09405230 core:Goodwill 2023-01-31 09405230 core:PlantMachinery 2023-01-31 09405230 core:Vehicles 2023-01-31 iso4217:GBP xbrli:pure