Registered number
06853412
Jarvis Roofing Limited
Filleted Accounts
31 August 2023
Jarvis Roofing Limited
Registered number: 06853412
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 17,031 16,744
Current assets
Debtors 4 142,936 125,159
Cash at bank and in hand 33,556 43,861
176,492 169,020
Creditors: amounts falling due within one year 5 (50,770) (66,804)
Net current assets 125,722 102,216
Total assets less current liabilities 142,753 118,960
Creditors: amounts falling due after more than one year 6 (17,500) (27,500)
Net assets 125,253 91,460
Capital and reserves
Called up share capital 100 100
Profit and loss account 125,153 91,360
Shareholder's funds 125,253 91,460
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr D Jarvis
Director
Approved by the board on 30 August 2024
Jarvis Roofing Limited
Notes to the Accounts
for the year ended 31 August 2023
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.
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2022 1,248 69,853 71,101
Additions - 5,963 5,963
At 31 August 2023 1,248 75,816 77,064
Depreciation
At 1 September 2022 1,248 53,109 54,357
Charge for the year - 5,676 5,676
At 31 August 2023 1,248 58,785 60,033
Net book value
At 31 August 2023 - 17,031 17,031
At 31 August 2022 - 16,744 16,744
4 Debtors 2023 2022
£ £
Trade debtors 98,515 100,000
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 10,534
Other debtors 44,421 14,625
142,936 125,159
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 21,459 9,000
Taxation and social security costs 19,311 47,804
50,770 66,804
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 17,500 27,500
7 Other information
Jarvis Roofing Limited is a private company limited by shares and incorporated in England. Its registered office is:
66 Suffield Way
King's Lynn
Norfolk
PE30 3DL
Jarvis Roofing Limited 06853412 false 2022-09-01 2023-08-31 2023-08-31 VT Final Accounts April 2024 Mr D Jarvis No description of principal activity 06853412 2021-09-01 2022-08-31 06853412 core:WithinOneYear 2022-08-31 06853412 core:AfterOneYear 2022-08-31 06853412 core:ShareCapital 2022-08-31 06853412 core:RetainedEarningsAccumulatedLosses 2022-08-31 06853412 2022-09-01 2023-08-31 06853412 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 06853412 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 06853412 bus:Director40 2022-09-01 2023-08-31 06853412 1 2022-09-01 2023-08-31 06853412 2 2022-09-01 2023-08-31 06853412 core:PlantMachinery 2022-09-01 2023-08-31 06853412 core:Vehicles 2022-09-01 2023-08-31 06853412 countries:England 2022-09-01 2023-08-31 06853412 bus:FRS102 2022-09-01 2023-08-31 06853412 bus:FilletedAccounts 2022-09-01 2023-08-31 06853412 2023-08-31 06853412 core:WithinOneYear 2023-08-31 06853412 core:AfterOneYear 2023-08-31 06853412 core:ShareCapital 2023-08-31 06853412 core:RetainedEarningsAccumulatedLosses 2023-08-31 06853412 core:PlantMachinery 2023-08-31 06853412 core:Vehicles 2023-08-31 06853412 2022-08-31 06853412 core:PlantMachinery 2022-08-31 06853412 core:Vehicles 2022-08-31 iso4217:GBP xbrli:pure