Registered number
09557724
Joined Up Building Ltd
Filleted Accounts
31 March 2024
Joined Up Building Ltd
Registered number: 09557724
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,068 3,070
Investments 4 178,573 100,000
179,641 103,070
Current assets
Stocks 67,588 84,814
Debtors 5 2,847 4,811
Cash at bank and in hand 695,700 551,938
766,135 641,563
Creditors: amounts falling due within one year 6 (230,675) (217,209)
Net current assets 535,460 424,354
Total assets less current liabilities 715,101 527,424
Creditors: amounts falling due after more than one year 7 - (1,724)
Net assets 715,101 525,700
Capital and reserves
Called up share capital 10 10
Profit and loss account 715,091 525,690
Shareholders' funds 715,101 525,700
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.
P S Smith
Director
Approved by the board on 7 August 2024
Joined Up Building Ltd
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
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 April 2023 3,368 4,500 7,868
Additions 930 - 930
At 31 March 2024 4,298 4,500 8,798
Depreciation
At 1 April 2023 1,798 3,000 4,798
Charge for the year 1,432 1,500 2,932
At 31 March 2024 3,230 4,500 7,730
Net book value
At 31 March 2024 1,068 - 1,068
At 31 March 2023 1,570 1,500 3,070
4 Investments
Other
investments
£
Cost
At 1 April 2023 100,000
Additions 78,573
At 31 March 2024 178,573
5 Debtors 2024 2023
£ £
Trade debtors - 4,713
Other debtors 2,847 98
2,847 4,811
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 27,731 12,779
Taxation and social security costs 201,340 186,640
Other creditors 1,604 17,790
230,675 217,209
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 1,724
8 Other information
Joined Up Building Ltd is a private company limited by shares and incorporated in England. Its registered office is:
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