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REGISTERED NUMBER: 07371637 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LJ FLETCHER BUILDERS LIMITED

LJ FLETCHER BUILDERS LIMITED (REGISTERED NUMBER: 07371637)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

LJ FLETCHER BUILDERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: L J Fletcher





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 07371637 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

LJ FLETCHER BUILDERS LIMITED (REGISTERED NUMBER: 07371637)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,448 4,581

CURRENT ASSETS
Stocks 9,800 9,800
Debtors 5 333,931 186,161
Cash at bank 10 20,001
343,741 215,962
CREDITORS
Amounts falling due within one year 6 483,785 372,088
NET CURRENT LIABILITIES (140,044 ) (156,126 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(135,596

)

(151,545

)

CREDITORS
Amounts falling due after more than one
year

7

(130,973

)

(234,659

)

PROVISIONS FOR LIABILITIES (845 ) (1,160 )
NET LIABILITIES (267,414 ) (387,364 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (267,514 ) (387,464 )
SHAREHOLDERS' FUNDS (267,414 ) (387,364 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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

The financial statements were approved by the director and authorised for issue on 26 October 2024 and were signed by:




L J Fletcher - Director


LJ FLETCHER BUILDERS LIMITED (REGISTERED NUMBER: 07371637)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

LJ Fletcher Builders 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.

The directors have made an assessment and do not consider there to be any material uncertainties about the company's ability to continue as a going concern. As a result they have adopted the going concern basis of accounting.

In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

Turnover
Turnover represents total services provided as at the balance sheet date, this includes completed work that has been invoiced.

In addition to completed work turnover also includes work in progress and retentions owed which have both been included within the balance sheet as amounts recoverable on contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

LJ FLETCHER BUILDERS LIMITED (REGISTERED NUMBER: 07371637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 37,073 1,280 38,353
Additions - 1,137 1,137
At 31 March 2024 37,073 2,417 39,490
DEPRECIATION
At 1 April 2023 32,492 1,280 33,772
Charge for year 1,145 125 1,270
At 31 March 2024 33,637 1,405 35,042
NET BOOK VALUE
At 31 March 2024 3,436 1,012 4,448
At 31 March 2023 4,581 - 4,581

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 209,855 58,028
Amounts recoverable on contract 71,934 95,848
Other debtors 4,903 4,903
VAT 44,589 24,732
Prepayments 2,650 2,650
333,931 186,161

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 79,624 70,193
Trade creditors 282,030 180,841
Tax (183 ) -
Social security and other taxes 60,755 24,180
Credit cards 53,371 60,108
Directors' current accounts 4,689 32,914
Accrued expenses 3,499 3,852
483,785 372,088

LJ FLETCHER BUILDERS LIMITED (REGISTERED NUMBER: 07371637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 80,347 66,704
Bank loans - 2-5 years 28,626 77,955
Directors' loan accounts 22,000 90,000
130,973 234,659

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 10,394 11,005
Between one and five years 4,049 14,443
14,443 25,448

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Fleximize 154,230 -

The director has personally guaranteed this loan.

10. RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed £26,689 (2023: £122,914) to its director. This loan is interest free and has no terms attached.

This is presented within the financial statements as £4,689 (2023: £32,914) as a current liability and £22,000 (2023: £90,000) as due after more than one year.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LJ FLETCHER BUILDERS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LJ Fletcher Builders Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of LJ Fletcher Builders Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of LJ Fletcher Builders Limited and state those matters that we have agreed to state to the director of LJ Fletcher Builders Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LJ Fletcher Builders Limited and its director for our work or for this report.

It is your duty to ensure that LJ Fletcher Builders Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of LJ Fletcher Builders Limited. You consider that LJ Fletcher Builders Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of LJ Fletcher Builders Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


28 October 2024