J R Building Ltd 04928186 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Building new projects and extension Digita Accounts Production Advanced 6.30.9574.0 true 04928186 2023-01-01 2023-12-31 04928186 2023-12-31 04928186 core:RetainedEarningsAccumulatedLosses 2023-12-31 04928186 core:ShareCapital 2023-12-31 04928186 core:CurrentFinancialInstruments 2023-12-31 04928186 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04928186 core:Non-currentFinancialInstruments 2023-12-31 04928186 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 04928186 core:OtherPropertyPlantEquipment 2023-12-31 04928186 bus:SmallEntities 2023-01-01 2023-12-31 04928186 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04928186 bus:FilletedAccounts 2023-01-01 2023-12-31 04928186 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04928186 bus:RegisteredOffice 2023-01-01 2023-12-31 04928186 bus:Director1 2023-01-01 2023-12-31 04928186 bus:Director2 2023-01-01 2023-12-31 04928186 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04928186 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 04928186 core:PlantMachinery 2023-01-01 2023-12-31 04928186 core:OtherRelatedParties 2023-01-01 2023-12-31 04928186 countries:EnglandWales 2023-01-01 2023-12-31 04928186 2022-12-31 04928186 core:OtherPropertyPlantEquipment 2022-12-31 04928186 2022-01-01 2022-12-31 04928186 2022-12-31 04928186 core:RetainedEarningsAccumulatedLosses 2022-12-31 04928186 core:ShareCapital 2022-12-31 04928186 core:CurrentFinancialInstruments 2022-12-31 04928186 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 04928186 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2022-12-31 04928186 core:Non-currentFinancialInstruments 2022-12-31 04928186 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 04928186 core:OtherPropertyPlantEquipment 2022-12-31 04928186 core:PreviouslyStatedAmount 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 04928186

J R Building Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

J R Building Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

J R Building Ltd

Company Information

Directors

Mr J L Ramsden

Mrs C Ramsden

Registered office

Midway House
Herrick Way
Staverton
Cheltenham
GL51 6TQ

Accountants

Harbour Key Limited
Midway House
Herrick Way
Staverton
Cheltenham
GL51 6TQ

 

J R Building Ltd

(Registration number: 04928186)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

66,252

45,710

Current assets

 

Stocks

65,206

142,452

Debtors

5

84,887

65,450

Cash at bank and in hand

 

45,915

186

 

196,008

208,088

Creditors: Amounts falling due within one year

6

(159,315)

(159,385)

Net current assets

 

36,693

48,703

Total assets less current liabilities

 

102,945

94,413

Creditors: Amounts falling due after more than one year

6

(14,173)

(24,173)

Provisions for liabilities

(16,563)

(10,614)

Net assets

 

72,209

59,626

Capital and reserves

 

Called up share capital

100

100

Retained earnings

72,109

59,526

Shareholders' funds

 

72,209

59,626

For the financial year ending 31 December 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.

 

J R Building Ltd

(Registration number: 04928186)
Balance Sheet as at 31 December 2023

Approved and authorised by the Board on 8 August 2024 and signed on its behalf by:
 

.........................................
Mr J L Ramsden
Director

.........................................
Mrs C Ramsden
Director

 

J R Building Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
Midway House
Herrick Way
Staverton
Cheltenham
GL51 6TQ
England

These financial statements were authorised for issue by the Board on 8 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.

The presentational currency of the financial statements is British Pound £, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are round to the nearest £.

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.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as related either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Tax

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

 

J R Building Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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 income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profits.

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, etc.

25% 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 goods 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.

 

J R Building Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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 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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 21 (2022 - 16).

 

J R Building Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Plant and machinery, etc
£

Total
£

Cost or valuation

At 1 January 2023

169,102

169,102

Additions

41,910

41,910

Disposals

(12,995)

(12,995)

At 31 December 2023

198,017

198,017

Depreciation

At 1 January 2023

123,392

123,392

Charge for the year

21,368

21,368

Eliminated on disposal

(12,995)

(12,995)

At 31 December 2023

131,765

131,765

Carrying amount

At 31 December 2023

66,252

66,252

At 31 December 2022

45,710

45,710

5

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

80,344

24,716

Amounts owed by undertakings in which the directors have a participating interest

8

760

-

Prepayments

 

3,783

2,949

Other debtors

 

-

37,785

   

84,887

65,450

 

J R Building Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

7

10,000

31,492

Trade creditors

 

40,284

68,131

Amounts owed to undertakings in which the directors have a participating interest

8

-

19,225

Taxation and social security

 

51,233

14,127

Other creditors

 

57,798

26,410

 

159,315

159,385

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

14,173

24,173

7

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

14,173

24,173

Current loans and borrowings

2023
£

2022
£

Bank borrowings

10,000

10,000

Bank overdrafts

-

21,492

10,000

31,492

8

Related party transactions

Transactions with directors

At the balance sheet date, the company owed the directors £40,242 (2022: £18,043). There are no repayment terms or interest charged on the outstanding amount.

Summary of transactions with other related parties

At the balance sheet date, the company was owed £760 (2022: (£19,225)) by a company which have mutual directors and shareholder.