Registered number
07106569
Jon Maw (Builders) Limited
Filleted Accounts
31 January 2024
Jon Maw (Builders) Limited
Registered number: 07106569
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 128,647 143,335
Current assets
Stocks 85,187 145,749
Debtors 4 53,370 284,940
Cash at bank and in hand 247,535 161,594
386,092 592,283
Creditors: amounts falling due within one year 5 (148,664) (322,441)
Net current assets 237,428 269,842
Net assets 366,075 413,177
Capital and reserves
Called up share capital 3 3
Profit and loss account 366,072 413,174
Shareholders' funds 366,075 413,177
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 Maw
Director
Approved by the board on 28 October 2024
Jon Maw (Builders) Limited
Notes to the Accounts
for the year ended 31 January 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 rendering of services and is recognised by reference to the stage of completion of the contract and acccording to the date on which the services are provided. 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:
Plant, machinery and equipment 15% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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.
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.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 13 10
3 Tangible fixed assets
Plant, machinery and equipment Motor vehicles Total
£ £ £
Cost
At 1 February 2023 177,202 148,622 325,824
Additions - 12,000 12,000
At 31 January 2024 177,202 160,622 337,824
Depreciation
At 1 February 2023 86,576 95,913 182,489
Charge for the year 13,510 13,178 26,688
At 31 January 2024 100,086 109,091 209,177
Net book value
At 31 January 2024 77,116 51,531 128,647
At 31 January 2023 90,626 52,709 143,335
4 Debtors 2024 2023
£ £
Trade debtors 53,370 284,940
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 11,250
Trade creditors 113,188 299,533
Taxation and social security costs 34,857 10,052
Other creditors 619 1,606
148,664 322,441
6 Related party transactions
During the year dividends were paid to the shareholding directors of £48,000 (2023: £66,000).

The balance owed to the directors was £8 (2023: £1,285) at the year end.
7 Controlling party
The company is wholly controlled by the director.
8 Other information
Jon Maw (Builders) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Westholme House
Melton Ross
Barnetby
N Lincolnshire
DN38 6DS
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