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Registration number: 12308278

JMR Brickwork Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

JMR Brickwork Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

JMR Brickwork Limited

Company Information

Director

J M Rowntree

Company secretary

J K Rowntree

Registered office

35A Hazlemere Road
Penn
High Wycombe
Buckinghamshire
HP10 8AD

Accountants

Barrys Accountants Limited
Chartered Certified Accountants
35A Hazlemere Road
Penn
High Wycombe
Buckinghamshire
HP10 8AD

 

JMR Brickwork Limited

(Registration number: 12308278)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

33,450

37,952

Current assets

 

Stocks

5

11,900

9,850

Debtors

6

867,897

329,077

Cash at bank and in hand

 

10,706

163,607

 

890,503

502,534

Creditors: Amounts falling due within one year

7

(548,651)

(316,524)

Net current assets

 

341,852

186,010

Total assets less current liabilities

 

375,302

223,962

Creditors: Amounts falling due after more than one year

7

(11,979)

(18,695)

Provisions for liabilities

(1,247)

(942)

Net assets

 

362,076

204,325

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

361,976

204,225

Shareholders' funds

 

362,076

204,325

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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

JMR Brickwork Limited

(Registration number: 12308278)
Balance Sheet as at 30 November 2023

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 August 2024
 

.........................................
J M Rowntree
Director

 

JMR Brickwork Limited

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 and wales.

The address of its registered office is:
35A Hazlemere Road
Penn
High Wycombe
Buckinghamshire
HP10 8AD
England

These financial statements were authorised for issue by the director on 16 August 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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive
of VAT.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work
done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts
and contracts for on-going services is recognised by reference to the stage of completion.

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.

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.

 

JMR Brickwork Limited

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

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

Computer equipment

33.3% Straight line

Fixtures & fittings

20% Reducing balance basis

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

 

JMR Brickwork Limited

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

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 are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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 the director) during the year, was 3 (2022 - 3).

 

JMR Brickwork Limited

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

9,071

33,760

10,816

53,647

Additions

5,877

-

2,944

8,821

At 30 November 2023

14,948

33,760

13,760

62,468

Depreciation

At 1 December 2022

4,551

8,440

2,704

15,695

Charge for the year

4,229

6,330

2,764

13,323

At 30 November 2023

8,780

14,770

5,468

29,018

Carrying amount

At 30 November 2023

6,168

18,990

8,292

33,450

At 30 November 2022

4,520

25,320

8,112

37,952

5

Stocks

2023
£

2022
£

Other inventories

11,900

9,850

6

Debtors

Current

2023
£

2022
£

Trade debtors

712,746

208,048

Prepayments

14,890

11,618

Other debtors

140,261

109,411

 

867,897

329,077

 

JMR Brickwork Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

217,522

190,103

Trade creditors

 

123,429

12,880

Taxation and social security

 

96,863

93,296

Accruals and deferred income

 

1,850

1,850

Other creditors

 

108,987

18,395

 

548,651

316,524

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £7,524 (2022 - £6,000).

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

11,979

18,695

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £11,979 (2022 - £18,695).

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       
 

JMR Brickwork Limited

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

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Hire purchase contracts

11,979

18,695

2023
£

2022
£

Current loans and borrowings

Hire purchase contracts

7,524

6,000

Other borrowings

209,998

184,103

217,522

190,103

10

Dividends

Interim dividends paid

2023
£

2022
£

Interim dividend of £1,600.00 (2022 - £2,800.00) per each Ordinary

160,000

280,000

 

 
 

JMR Brickwork Limited

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

11

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

12,576

10,454

Summary of transactions with entities with joint control or significant interest

Company under common control
 

Loans from related parties

2023

Entities with joint control or significant influence
£

Total
£

At start of period

184,103

184,103

Advanced

25,895

25,895

At end of period

209,998

209,998

2022

Entities with joint control or significant influence
£

Total
£

At start of period

468,000

468,000

Repaid

(283,897)

(283,897)

At end of period

184,103

184,103

Terms of loans from related parties

Loans are interest free and repayable on demand