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REGISTERED NUMBER: 08898289 (England and Wales)
















TJK BUILDERS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






TJK BUILDERS LTD (REGISTERED NUMBER: 08898289)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TJK BUILDERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: T Kinghorn





REGISTERED OFFICE: 2 Lakeview Stables
Lower St Clere
Kemsing
Sevenoaks
Kent
TN15 6NL





REGISTERED NUMBER: 08898289 (England and Wales)





ACCOUNTANTS: Lakeview Southern Limited
Chartered Accountants
2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL

TJK BUILDERS LTD (REGISTERED NUMBER: 08898289)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 75,906

CURRENT ASSETS
Stocks 361,188 676,230
Debtors 5 1,115,170 703,577
Cash at bank 650,114 1,319,605
2,126,472 2,699,412
CREDITORS
Amounts falling due within one year 6 2,076,170 1,597,923
NET CURRENT ASSETS 50,302 1,101,489
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,302

1,177,395

CREDITORS
Amounts falling due after more than one year 7 (13,333 ) (23,333 )

PROVISIONS FOR LIABILITIES (16,222 ) (18,977 )
NET ASSETS 20,747 1,135,085

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 20,746 1,135,084
SHAREHOLDERS' FUNDS 20,747 1,135,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

TJK BUILDERS LTD (REGISTERED NUMBER: 08898289)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 5 November 2024 and were signed by:





T Kinghorn - Director


TJK BUILDERS LTD (REGISTERED NUMBER: 08898289)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

TJK Builders Ltd 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.

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 etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 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.

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.

TJK BUILDERS LTD (REGISTERED NUMBER: 08898289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

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 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 155,308
Disposals (155,308 )
At 29 February 2024 -
DEPRECIATION
At 1 March 2023 79,402
Charge for year 11,019
Eliminated on disposal (90,421 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 75,906

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 21,938 31,033
Amounts owed by group undertakings 576,804 55,000
Other debtors 516,428 617,544
1,115,170 703,577

TJK BUILDERS LTD (REGISTERED NUMBER: 08898289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 148,541 158,426
Amounts owed to group undertakings 1,562,220 1,249,014
Taxation and social security 114,507 60,346
Other creditors 240,902 120,137
2,076,170 1,597,923

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 13,333 23,333

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
T Kinghorn
Balance outstanding at start of year 49,829 560,766
Amounts advanced 33,467 49,829
Amounts repaid (49,829 ) (560,766 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 33,467 49,829

TJK BUILDERS LTD (REGISTERED NUMBER: 08898289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


9. RELATED PARTY DISCLOSURES

At the year end the director owed the company £33,467 (2023: £49,829).

At the year end the company was owed £641,085 by the parent company, TJK Holdings Ltd (2023; £55,000).

The company was owed £152,275 by TJK Developments Ltd (2023: owed £332,709 to TJK Developments Ltd, another company owned by TJK Holdings Ltd.

The company was owed £424,529 by TJK LTW Ltd (2023: £403,526), another company owned by TJK Holdings Ltd.

At the year end the company owed £919,306 (2022: £916,306) to Molecomb Investments LLP a limited liability partnership in which the company has a 50% interest.

£174,250 was owed by Weald Developments Ltd (2023:£124,250) another company in which the director has an interest.

10. ULTIMATE CONTROLLING PARTY

The controlling party is T Kinghorn.

The Company is a wholly owned subsidiary of TJK Holdings Kent Limited a Company incorporated in England and Wales.

11. CHARGES

The Company's bankers hold a fixed and floating charge over the assets of the Company.