Registered number
05611907
J & P Builders (Bristol) Limited
Filleted Accounts
31 December 2023
J & P Builders (Bristol) Limited
Registered number: 05611907
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 117,497 20,605
Current assets
Stocks 116,453 67,650
Debtors 4 110,922 98,477
Cash at bank and in hand 624,457 443,324
851,832 609,451
Creditors: amounts falling due within one year 5 (352,512) (243,459)
Net current assets 499,320 365,992
Total assets less current liabilities 616,817 386,597
Creditors: amounts falling due after more than one year 6 (19,342) -
Provisions for liabilities (14,426) -
Net assets 583,049 386,597
Capital and reserves
Called up share capital 100 100
Profit and loss account 582,949 386,497
Shareholders' funds 583,049 386,597
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
J V Bragg
Director
Approved by the board on 24 September 2024
J & P Builders (Bristol) Limited
Notes to the Accounts
for the year ended 31 December 2023
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
Depreciation is provided in equal amounts each year in order tro write of fixed assets over their anticipated useful lives.
Plant and machinery Over 2 years on a straight line basis
Motor vehicles - second hand Over 2 years on a straight line basis
Motor vehicles - new Over 3 years on a straight line basis
Work in progress
Work in progress comprises materials and direct labour costs attributable to unfinished contracts.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 6,372 127,586 133,958
Additions - 141,634 141,634
Disposals - (64,305) (64,305)
At 31 December 2023 6,372 204,915 211,287
Depreciation
At 1 January 2023 6,053 107,300 113,353
Charge for the year 319 27,892 28,211
On disposals - (47,774) (47,774)
At 31 December 2023 6,372 87,418 93,790
Net book value
At 31 December 2023 - 117,497 117,497
At 31 December 2022 319 20,286 20,605
4 Debtors 2023 2022
£ £
Trade debtors 84,085 42,977
Other debtors 26,837 55,500
110,922 98,477
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 11,606 -
Trade creditors 51,517 30,458
Taxation and social security costs 54,403 (3,182)
Other creditors 234,986 216,183
352,512 243,459
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 19,342 -
7 Controlling party
The controlling party of the company is J V Bragg by virtue of his immediate family's shareholdings.
8 Other information
J & P Builders (Bristol) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2
95 Church Road
Bishopsworth
Bristol
BS13 8JU
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