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Company Registration No. 05400018 (England and Wales)
J.W. Sherratt (Builders) Ltd Unaudited accounts for the year ended 31 March 2024
J.W. Sherratt (Builders) Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,761 
13,587 
Current assets
Inventories
151,376 
141,085 
Debtors
2,901 
1,929 
Cash at bank and in hand
27,756 
29,935 
182,033 
172,949 
Creditors: amounts falling due within one year
(168,470)
(153,307)
Net current assets
13,563 
19,642 
Net assets
24,324 
33,229 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
24,320 
33,225 
Shareholders' funds
24,324 
33,229 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 August 2024 and were signed on its behalf by
Mr. G. J. Sherratt Director Company Registration No. 05400018
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J.W. Sherratt (Builders) Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
J.W. Sherratt (Builders) Ltd is a private company, limited by shares, registered in England and Wales, registration number 05400018. The registered office is CHESTNUT VIEW, WOLVERHAMPTON ROAD, PENKRIDGE, STAFFORDSHIRE, ST19 5DR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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J.W. Sherratt (Builders) Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
75,606 
Additions
764 
At 31 March 2024
76,370 
Depreciation
At 1 April 2023
62,019 
Charge for the year
3,590 
At 31 March 2024
65,609 
Net book value
At 31 March 2024
10,761 
At 31 March 2023
13,587 
5
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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