2 false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 20,000 20,000 xbrli:pure xbrli:shares iso4217:GBP 08823549 2023-01-01 2023-12-31 08823549 2023-12-31 08823549 2022-12-31 08823549 2022-01-01 2022-12-31 08823549 2022-12-31 08823549 2021-12-31 08823549 core:NetGoodwill 2023-01-01 2023-12-31 08823549 core:PlantMachinery 2023-01-01 2023-12-31 08823549 core:FurnitureFittings 2023-01-01 2023-12-31 08823549 core:MotorVehicles 2023-01-01 2023-12-31 08823549 bus:Director1 2023-01-01 2023-12-31 08823549 core:NetGoodwill 2023-12-31 08823549 core:PlantMachinery 2022-12-31 08823549 core:FurnitureFittings 2022-12-31 08823549 core:MotorVehicles 2022-12-31 08823549 core:PlantMachinery 2023-12-31 08823549 core:FurnitureFittings 2023-12-31 08823549 core:MotorVehicles 2023-12-31 08823549 core:WithinOneYear 2023-12-31 08823549 core:WithinOneYear 2022-12-31 08823549 core:AfterOneYear 2023-12-31 08823549 core:AfterOneYear 2022-12-31 08823549 core:ShareCapital 2023-12-31 08823549 core:ShareCapital 2022-12-31 08823549 core:RetainedEarningsAccumulatedLosses 2023-12-31 08823549 core:RetainedEarningsAccumulatedLosses 2022-12-31 08823549 core:PlantMachinery 2022-12-31 08823549 core:FurnitureFittings 2022-12-31 08823549 core:MotorVehicles 2022-12-31 08823549 bus:Director1 2022-12-31 08823549 bus:Director1 2023-12-31 08823549 bus:Director1 2021-12-31 08823549 bus:Director1 2022-12-31 08823549 bus:Director1 2022-01-01 2022-12-31 08823549 bus:SmallEntities 2023-01-01 2023-12-31 08823549 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08823549 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08823549 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08823549 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 08823549
J Stock Building & Property Maintenance Ltd
Filleted Unaudited Financial Statements
31 December 2023
J Stock Building & Property Maintenance Ltd
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
6
39,528
24,815
Current assets
Stocks
2,500
2,450
Debtors
7
4,667
6,427
Cash at bank and in hand
28,827
1,668
--------
--------
35,994
10,545
Creditors: amounts falling due within one year
8
50,499
50,933
--------
--------
Net current liabilities
14,505
40,388
--------
--------
Total assets less current liabilities
25,023
( 15,573)
Creditors: amounts falling due after more than one year
9
24,810
11,253
--------
--------
Net assets/(liabilities)
213
( 26,826)
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
212
( 26,827)
----
--------
Shareholders funds/(deficit)
213
( 26,826)
----
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
J Stock Building & Property Maintenance Ltd
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 9 September 2024 , and are signed on behalf of the board by:
J Stock Esq
Director
Company registration number: 08823549
J Stock Building & Property Maintenance Ltd
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is TML House, 1a The Anchorage, Gosport, Hampshire, PO12 1LY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Fixtures, fittings and equipment
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Intangible assets
Goodwill
£
Cost
At 1 January 2023 and 31 December 2023
20,000
--------
Amortisation
At 1 January 2023 and 31 December 2023
20,000
--------
Carrying amount
At 31 December 2023
--------
At 31 December 2022
--------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2023
4,874
2,447
31,990
39,311
Additions
28,108
28,108
Disposals
( 87)
( 1,933)
( 2,020)
-------
-------
--------
--------
At 31 December 2023
4,787
514
60,098
65,399
-------
-------
--------
--------
Depreciation
At 1 January 2023
4,392
2,106
7,998
14,496
Charge for the year
119
31
13,025
13,175
Disposals
( 80)
( 1,720)
( 1,800)
-------
-------
--------
--------
At 31 December 2023
4,431
417
21,023
25,871
-------
-------
--------
--------
Carrying amount
At 31 December 2023
356
97
39,075
39,528
-------
-------
--------
--------
At 31 December 2022
482
341
23,992
24,815
-------
-------
--------
--------
7. Debtors
2023
2022
£
£
Trade debtors
816
2,719
Other debtors
3,851
3,708
-------
-------
4,667
6,427
-------
-------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
5,884
1,284
Social security and other taxes
8,306
2,299
Other creditors
36,309
47,350
--------
--------
50,499
50,933
--------
--------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
24,810
11,253
--------
--------
10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
J Stock Esq
( 40,521)
19,053
( 21,468)
--------
--------
--------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
J Stock Esq
( 33,521)
( 7,000)
( 40,521)
--------
-------
--------