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Company Registration No. 12598591 (England and Wales)
JRH Contracts Ltd Unaudited accounts for the year ended 31 March 2024
JRH Contracts Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,147 
4,294 
Tangible assets
74,723 
79,753 
76,870 
84,047 
Current assets
Debtors
26,525 
40,300 
Cash at bank and in hand
44,734 
27,354 
71,259 
67,654 
Creditors: amounts falling due within one year
(115,913)
(92,622)
Net current liabilities
(44,654)
(24,968)
Total assets less current liabilities
32,216 
59,079 
Creditors: amounts falling due after more than one year
(14,513)
(24,869)
Provisions for liabilities
Deferred tax
(14,713)
(14,524)
Net assets
2,990 
19,686 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,890 
19,586 
Shareholders' funds
2,990 
19,686 
For the year ending 31 March 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 18 October 2024 and were signed on its behalf by
J Hoath Director Company Registration No. 12598591
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JRH Contracts Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
JRH Contracts Ltd is a private company, limited by shares, registered in England and Wales, registration number 12598591. The registered office is 11 Chadwick Way, Stretham, Ely, CB6 3GJ.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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
20% Reducing Balance
Computer equipment
33% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
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JRH Contracts Ltd Notes to the Accounts for the year ended 31 March 2024
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
10,735 
At 31 March 2024
10,735 
Amortisation
At 1 April 2023
6,441 
Charge for the year
2,147 
At 31 March 2024
8,588 
Net book value
At 31 March 2024
2,147 
At 31 March 2023
4,294 
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
107,349 
1,530 
108,879 
Additions
13,343 
- 
13,343 
At 31 March 2024
120,692 
1,530 
122,222 
Depreciation
At 1 April 2023
28,534 
592 
29,126 
Charge for the year
18,064 
309 
18,373 
At 31 March 2024
46,598 
901 
47,499 
Net book value
At 31 March 2024
74,094 
629 
74,723 
At 31 March 2023
78,815 
938 
79,753 
- 4 -
JRH Contracts Ltd Notes to the Accounts for the year ended 31 March 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
26,525 
16,902 
Other debtors
- 
23,398 
26,525 
40,300 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,885 
3,176 
Obligations under finance leases and hire purchase contracts
10,240 
10,240 
Trade creditors
3,494 
- 
Taxes and social security
6,827 
5,377 
Other creditors
86,267 
67,381 
Accruals
2,200 
6,448 
115,913 
92,622 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
14,513 
24,869 
9
Average number of employees
During the year the average number of employees was 3 (2023: 1).
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