Registered number
11747626
JTL Mr Dig(Groundworks) Ltd
Filleted Accounts
31 January 2024
JTL Mr Dig(Groundworks) Ltd
Registered number: 11747626
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,745,149 1,134,746
Current assets
Work in progress - 408,706
Debtors 4 1,299,919 815,942
Cash at bank and in hand 285,897 412,924
1,585,816 1,637,572
Creditors: amounts falling due within one year 5 (793,831) (737,226)
Net current assets 791,985 900,346
Total assets less current liabilities 2,537,134 2,035,092
Creditors: amounts falling due after more than one year 6 (718,654) (569,366)
Provisions for liabilities (403,337) (232,331)
Net assets 1,415,143 1,233,395
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,415,043 1,233,295
Shareholders' funds 1,415,143 1,233,395
The director is 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 director acknowledges his 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.
S Keers
Director
Approved by the board on 31 October 2024
JTL Mr Dig(Groundworks) Ltd
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 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 at the follwing rates
Plant and machinery 15% reducing balance
Motor Vehicles 25% reducing balance & 33.33% straight line
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. 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.
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 23 17
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 416,283 1,028,372 1,444,655
Additions 356,072 709,940 1,066,012
Disposals (2,461) (88,491) (90,952)
At 31 January 2024 769,894 1,649,821 2,419,715
Depreciation
At 1 February 2023 66,226 243,683 309,909
Charge for the year 99,184 296,587 395,771
On disposals (1,246) (29,868) (31,114)
At 31 January 2024 164,164 510,402 674,566
Net book value
At 31 January 2024 605,730 1,139,419 1,745,149
At 31 January 2023 350,057 784,689 1,134,746
4 Debtors 2024 2023
£ £
Trade debtors 473,293 73,455
Taxation and social security costs 608,373 596,152
Other debtors 218,253 146,335
1,299,919 815,942
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 346,614 223,287
Trade creditors 448,061 359,164
Taxation and social security costs 5,883 48,979
Other creditors (16,727) 95,796
793,831 737,226
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,333 23,333
Obligations under finance lease and hire purchase contracts 705,321 546,033
718,654 569,366
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
S Keers
Directors loan account 47,503 (57,800) 11,000 703
A Piggford
Directors loan account 48,293 (76,723) 11,000 (17,430)
95,796 (134,523) 22,000 (16,727)
8 Controlling party
The company is controlled by its directors.
9 Other information
JTL Mr Dig(Groundworks) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 High Street
Stanley
Co Durham
DH9 0DQ
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