Registered number
04590341
NJF Construction Limited
Filleted Accounts
31 March 2024
NJF Construction Limited
Registered number: 04590341
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 465,245 466,843
Current assets
Debtors 4 237,959 35,468
Cash at bank and in hand 708,080 527,110
946,039 562,578
Creditors: amounts falling due within one year 5 (985,232) (531,112)
Net current (liabilities)/assets (39,193) 31,466
Total assets less current liabilities 426,052 498,309
Provisions for liabilities (5,510) (5,814)
Net assets 420,542 492,495
Capital and reserves
Called up share capital 2 2
Profit and loss account 420,540 492,493
Shareholder's funds 420,542 492,495
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.
N Fowler
Director
Approved by the board on 13 September 2024
NJF Construction Limited
Notes to the Accounts
for the year ended 31 March 2024
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:
Land and Building Over the lease term
Computer equipment Over 3 years
Motor vehicles 15% reducing balance
Plant and machinery 15% reducing balance
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 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 436,241 48,009 93,597 577,847
Additions - 3,198 - 3,198
At 31 March 2024 436,241 51,207 93,597 581,045
Depreciation
At 1 April 2023 - 37,575 73,429 111,004
Charge for the year - 1,771 3,025 4,796
At 31 March 2024 - 39,346 76,454 115,800
Net book value
At 31 March 2024 436,241 11,861 17,143 465,245
At 31 March 2023 436,241 10,434 20,168 466,843
4 Debtors 2024 2023
£ £
Trade debtors - 35,468
Amounts owed by group undertakings and undertakings in which the company has a participating interest 187,899 -
Other debtors 50,060 -
237,959 35,468
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,093 440
Trade creditors (128,154) (80,704)
Amounts owed to group undertakings and undertakings in which the company has a participating interest 647,433 409,034
Corporation tax 59,359 36,163
Other taxes and social security costs (11,215) (41,440)
Other creditors 415,716 207,619
985,232 531,112
6 Controlling party
The controling party is that of the Ashden Group Ltd
7 Other information
NJF Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
Hollybrook House
35 Church Street
Clifton, Shefford
Bedfordshire
SG17 5ET
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