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REGISTERED NUMBER: 02054410 (England and Wales)










Jeftex Builders Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Jeftex Builders Limited (Registered number: 02054410)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Jeftex Builders Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Mrs E C Siwoku
Mr D B A Siwoku





REGISTERED OFFICE: C/o Salisbury & Company
Ffordd Celyn
Lon Parcwr Business Park
Ruthin
Denbighshire
LL15 1NJ





REGISTERED NUMBER: 02054410 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Jeftex Builders Limited (Registered number: 02054410)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 588 552

CURRENT ASSETS
Stocks 7,381 3,200
Debtors 5 235 1,397
Cash at bank 437 613
8,053 5,210
CREDITORS
Amounts falling due within one year 6 93,546 70,478
NET CURRENT LIABILITIES (85,493 ) (65,268 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(84,905

)

(64,716

)

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Retained earnings (84,907 ) (64,718 )
(84,905 ) (64,716 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2024 and were signed on its behalf by:





Mr D B A Siwoku - Director


Jeftex Builders Limited (Registered number: 02054410)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Jeftex Builders 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 - 25% on reducing balance
Fixtures and fittings - 15% 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 Income Statement, 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 2 (2022 - 2 ) .

Jeftex Builders Limited (Registered number: 02054410)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023 2,262 313 2,575
Additions 225 - 225
At 31 December 2023 2,487 313 2,800
DEPRECIATION
At 1 January 2023 1,756 267 2,023
Charge for year 182 7 189
At 31 December 2023 1,938 274 2,212
NET BOOK VALUE
At 31 December 2023 549 39 588
At 31 December 2022 506 46 552

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 60 11
Other debtors 175 1,386
235 1,397

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,655
Taxation and social security 651 600
Other creditors 92,895 68,223
93,546 70,478

Included in other creditors is a loan to The Finishing School Retirement Benefit Scheme, the company's pension scheme. The balance due on loan to the scheme at 31 December 2023 was £53,200 (2022 £55,644).

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr D B A Siwoku and Mrs E C Siwoku
Balance outstanding at start of year (2,959 ) 60,471
Amounts advanced 13,826 72,726
Amounts repaid (38,862 ) (136,156 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (27,995 ) (2,959 )