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REGISTERED NUMBER: 00482697 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

JAMES TURNER (BUILDERS) LIMITED

JAMES TURNER (BUILDERS) LIMITED (REGISTERED NUMBER: 00482697)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JAMES TURNER (BUILDERS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs M G Hammond
Mrs J E Sadler
N L Grant





SECRETARY: Mrs M G Hammond





REGISTERED OFFICE: Grantham
37 Park Lane
Bewdley
Worcestershire
DY12 2EU





REGISTERED NUMBER: 00482697 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

JAMES TURNER (BUILDERS) LIMITED (REGISTERED NUMBER: 00482697)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,050,000 865,000

CURRENT ASSETS
Debtors 5 19,346 18,850
Cash at bank 44,785 31,627
64,131 50,477
CREDITORS
Amounts falling due within one year 6 50,360 42,445
NET CURRENT ASSETS 13,771 8,032
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,063,771

873,032

PROVISIONS FOR LIABILITIES 169,723 93,840
NET ASSETS 894,048 779,192

CAPITAL AND RESERVES
Called up share capital 500 500
Fair value reserve 7 858,996 749,880
Retained earnings 34,552 28,812
SHAREHOLDERS' FUNDS 894,048 779,192

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 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.

JAMES TURNER (BUILDERS) LIMITED (REGISTERED NUMBER: 00482697)

STATEMENT OF FINANCIAL POSITION - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





Mrs M G Hammond - Director


JAMES TURNER (BUILDERS) LIMITED (REGISTERED NUMBER: 00482697)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

James Turner (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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Tangible fixed assets
No depreciation has been provided on freehold buildings. The company follows a programme of regular maintenance of its properties to maintain them to a high standard. Such expenditure is charged against profits in the year in which it is incurred. The directors consider that the estimated residual value of the property as at 31 March 2024 is not materially different from its carrying value and that the estimated residual economic life of the property is long. Accordingly any element od depreciation would be immaterial and therefore no provision has been made.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 3 (2023 - 3 ) .

JAMES TURNER (BUILDERS) LIMITED (REGISTERED NUMBER: 00482697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 April 2023 865,000
Revaluations 185,000
At 31 March 2024 1,050,000
NET BOOK VALUE
At 31 March 2024 1,050,000
At 31 March 2023 865,000

Cost or valuation at 31 March 2024 is represented by:

Land and
buildings
£   
Valuation in 2017 846,922
Valuation in 2024 185,000
Cost 18,078
1,050,000

The directors valued the freehold land and buildings as at 31 March 2024 to reasonably reflect the current market value of the property.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,346 18,850

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,427 2,553
Taxation and social security 16,042 13,520
Other creditors 23,891 26,372
50,360 42,445

7. RESERVES
Fair
value
reserve
£   
At 1 April 2023 749,880
Freehold property revaluation 109,116

At 31 March 2024 858,996