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Company Registration No. 11799842 (England and Wales)
JD Williams Construction Limited Unaudited accounts for the year ended 31 January 2024
JD Williams Construction Limited Unaudited accounts Contents
Page
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JD Williams Construction Limited Company Information for the year ended 31 January 2024
Director
Justin Williams
Company Number
11799842 (England and Wales)
Registered Office
29 BLACKWOOD CLOSE WEST BYFLEET KT14 6PP UNITED KINGDOM
Accountants
Golding & Co Accounting Services Limited 29 Blackwood Close West Byfleet Surrey KT14 6PP
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JD Williams Construction Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,835 
6,668 
Tangible assets
55,031 
57,101 
60,866 
63,769 
Current assets
Debtors
- 
10,531 
Cash at bank and in hand
85,746 
115,808 
85,746 
126,339 
Creditors: amounts falling due within one year
(74,041)
(126,077)
Net current assets
11,705 
262 
Total assets less current liabilities
72,571 
64,031 
Creditors: amounts falling due after more than one year
(21,697)
(39,588)
Provisions for liabilities
Deferred tax
(11,006)
(11,420)
Net assets
39,868 
13,023 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
39,867 
13,022 
Shareholders' funds
39,868 
13,023 
For the year ending 31 January 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.
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 22 October 2024 and were signed on its behalf by
Justin Williams Director Company Registration No. 11799842
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JD Williams Construction Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
JD Williams Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 11799842. The registered office is 29 BLACKWOOD CLOSE, WEST BYFLEET, KT14 6PP, UNITED KINGDOM.
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 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
33% Straight Line
Motor vehicles
25% Straight Line
Computer equipment
33% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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JD Williams Construction Limited Notes to the Accounts for the year ended 31 January 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
10,000 
At 31 January 2024
10,000 
Amortisation
At 1 February 2023
3,332 
Charge for the year
833 
At 31 January 2024
4,165 
Net book value
At 31 January 2024
5,835 
At 31 January 2023
6,668 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
2,128 
81,789 
4,078 
87,995 
Additions
- 
20,143 
- 
20,143 
At 31 January 2024
2,128 
101,932 
4,078 
108,138 
Depreciation
At 1 February 2023
351 
27,746 
2,797 
30,894 
Charge for the year
709 
20,867 
637 
22,213 
At 31 January 2024
1,060 
48,613 
3,434 
53,107 
Net book value
At 31 January 2024
1,068 
53,319 
644 
55,031 
At 31 January 2023
1,777 
54,043 
1,281 
57,101 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
7,200 
Other debtors
- 
3,331 
- 
10,531 
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JD Williams Construction Limited Notes to the Accounts for the year ended 31 January 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
18,983 
32,536 
Obligations under finance leases and hire purchase contracts
4,560 
4,560 
Trade creditors
19,287 
23,756 
Taxes and social security
12,180 
9,513 
Loans from directors
8,407 
45,452 
Accruals
624 
260 
74,041 
126,077 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,337 
23,336 
Obligations under finance leases and hire purchase contracts
8,360 
16,252 
21,697 
39,588 
Bounceback loan received 14 May 2020 in the amount of £50,000. First year charges and interest is borne by the UK government, thereafter interest bearing at 2.5% and repayable over a 5 year term. The loan is unsecured.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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