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REGISTERED NUMBER: 07565930 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Jason Stead Building Contractors Limited

Jason Stead Building Contractors Limited (Registered number: 07565930)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jason Stead Building Contractors Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J Stead





REGISTERED OFFICE: 1 Church Crescent
Leeds
LS17 6DQ





REGISTERED NUMBER: 07565930 (England and Wales)





ACCOUNTANTS: Malcolm Jones & Co LLP
Accountants and Business Advisors
West Hill House
Allerton Hill
Chapel Allerton
Leeds
West Yorkshire
LS7 3QB

Jason Stead Building Contractors Limited (Registered number: 07565930)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,834 10,091

CURRENT ASSETS
Stocks 21,250 2,000
Debtors 5 91,338 51,335
Cash at bank 15,060 55,580
127,648 108,915
CREDITORS
Amounts falling due within one year 6 36,056 31,298
NET CURRENT ASSETS 91,592 77,617
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,426

87,708

CREDITORS
Amounts falling due after more than one
year

7

(30,057

)

(35,445

)

PROVISIONS FOR LIABILITIES (7,369 ) (736 )
NET ASSETS 89,000 51,527

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 88,998 51,525
89,000 51,527

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.

Jason Stead Building Contractors Limited (Registered number: 07565930)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





J Stead - Director


Jason Stead Building Contractors Limited (Registered number: 07565930)

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

1. STATUTORY INFORMATION

Jason Stead Building Contractors 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 reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Jason Stead Building Contractors Limited (Registered number: 07565930)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 8,578 12,099 20,677
Additions - 29,756 29,756
Disposals - (8,630 ) (8,630 )
At 31 March 2024 8,578 33,225 41,803
DEPRECIATION
At 1 April 2023 2,360 8,226 10,586
Charge for year 858 777 1,635
Eliminated on disposal - (5,252 ) (5,252 )
At 31 March 2024 3,218 3,751 6,969
NET BOOK VALUE
At 31 March 2024 5,360 29,474 34,834
At 31 March 2023 6,218 3,873 10,091

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 91,338 51,335

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,388 5,255
Trade creditors 9,803 2,076
Taxation and social security 20,082 23,193
Other creditors 783 774
36,056 31,298

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 30,057 35,445

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,107 13,061

Jason Stead Building Contractors Limited (Registered number: 07565930)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
J Stead
Balance outstanding at start of year 3,069 12,135
Amounts advanced 10,538 3,069
Amounts repaid (3,069 ) (12,135 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,538 3,069