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REGISTERED NUMBER: 12416750 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st March 2024

for

J.Wilson Carpentry and Roofing
Contractors Limited

J.Wilson Carpentry and Roofing
Contractors Limited (Registered number: 12416750)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


J.Wilson Carpentry and Roofing
Contractors Limited

Company Information
for the year ended 31st March 2024







DIRECTOR: J Wilson





REGISTERED OFFICE: 113 Penygroes Road
Blaenau
Ammanford
Carmarthenshire
SA18 3BZ





REGISTERED NUMBER: 12416750 (England and Wales)





ACCOUNTANTS: Ashmole & Co
Chartered Certified Accountants
Castle House
High Street
Ammanford
Carmarthenshire
SA18 2NB

J.Wilson Carpentry and Roofing
Contractors Limited (Registered number: 12416750)

Abridged Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,592 1,215
Tangible assets 5 14,257 18,053
16,849 19,268

CURRENT ASSETS
Stocks 7,549 7,799
Debtors 5,610 5,545
Cash at bank 1,534 2,410
14,693 15,754
CREDITORS
Amounts falling due within one year 27,146 23,567
NET CURRENT LIABILITIES (12,453 ) (7,813 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,396

11,455

CREDITORS
Amounts falling due after more than
one year

6,182

10,284
NET (LIABILITIES)/ASSETS (1,786 ) 1,171

J.Wilson Carpentry and Roofing
Contractors Limited (Registered number: 12416750)

Abridged Balance Sheet - continued
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,886 ) 1,071
(1,786 ) 1,171

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2nd October 2024 and were signed by:





J Wilson - Director


J.Wilson Carpentry and Roofing
Contractors Limited (Registered number: 12416750)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

J.Wilson Carpentry and Roofing Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


J.Wilson Carpentry and Roofing
Contractors Limited (Registered number: 12416750)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

J.Wilson Carpentry and Roofing
Contractors Limited (Registered number: 12416750)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023 1,350
Additions 1,680
At 31st March 2024 3,030
AMORTISATION
At 1st April 2023 135
Amortisation for year 303
At 31st March 2024 438
NET BOOK VALUE

At 31st March 2024 2,592
At 31st March 2023 1,215

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023 30,296
Additions 3,329
At 31st March 2024 33,625
DEPRECIATION
At 1st April 2023 12,243
Charge for year 7,125
At 31st March 2024 19,368
NET BOOK VALUE
At 31st March 2024 14,257
At 31st March 2023 18,053

J.Wilson Carpentry and Roofing
Contractors Limited (Registered number: 12416750)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st April 2023
and 31st March 2024 22,279
DEPRECIATION
At 1st April 2023 8,021
Charge for year 4,455
At 31st March 2024 12,476
NET BOOK VALUE
At 31st March 2024 9,803
At 31st March 2023 14,258

6. GOING CONCERN

At the balance sheet date the company's liabilities exceeded its assets. The company has received assurance from the directors that they will continue to give financial support to the company for twelve months from the date of signing the financial statements.

On this basis the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which may arise. The accounts do not include any adjustments to the company's assets or liabilities that might be necessary should this basis not continue.