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REGISTERED NUMBER: 10781565 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

J K CONSTRUCTION (EUROPE) LTD

J K CONSTRUCTION (EUROPE) LTD (REGISTERED NUMBER: 10781565)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


J K CONSTRUCTION (EUROPE) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: J Koscielniak





REGISTERED OFFICE: 4 Sandringham Road
Potters Bar
Hertfordshire
EN6 1EX





REGISTERED NUMBER: 10781565 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

J K CONSTRUCTION (EUROPE) LTD (REGISTERED NUMBER: 10781565)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,148 22,018

CURRENT ASSETS
Debtors 5 22,611 18,392
Cash at bank and in hand 12,555 2,670
35,166 21,062
CREDITORS
Amounts falling due within one year 6 40,076 32,150
NET CURRENT LIABILITIES (4,910 ) (11,088 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,238

10,930

CREDITORS
Amounts falling due after more than one
year

7

32,368

10,000
NET ASSETS 3,870 930

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 3,869 929
SHAREHOLDERS' FUNDS 3,870 930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 November 2024 and were signed by:





J Koscielniak - Director


J K CONSTRUCTION (EUROPE) LTD (REGISTERED NUMBER: 10781565)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

J K Construction (Europe) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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 statement of financial position date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 1 (2022 - 1 ) .

J K CONSTRUCTION (EUROPE) LTD (REGISTERED NUMBER: 10781565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 61,670
Additions 67,012
Disposals (39,635 )
At 31 May 2023 89,047
DEPRECIATION
At 1 June 2022 39,652
Charge for year 15,667
Eliminated on disposal (7,420 )
At 31 May 2023 47,899
NET BOOK VALUE
At 31 May 2023 41,148
At 31 May 2022 22,018

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2022 31,670
Additions 67,012
Disposals (31,635 )
At 31 May 2023 67,047
DEPRECIATION
At 1 June 2022 19,144
Charge for year 13,294
Eliminated on disposal (1,318 )
At 31 May 2023 31,120
NET BOOK VALUE
At 31 May 2023 35,927
At 31 May 2022 12,526

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,340 -
Other debtors 20,271 18,392
22,611 18,392

J K CONSTRUCTION (EUROPE) LTD (REGISTERED NUMBER: 10781565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,500 -
Hire purchase contracts (see note 8) 5,517 5,591
Trade creditors - 2,602
Taxation and social security 26,717 4,510
Other creditors 5,342 19,447
40,076 32,150

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 5,000 10,000
Hire purchase contracts (see note 8) 27,368 -
32,368 10,000

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 5,517 5,591
Between one and five years 27,368 -
32,885 5,591

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 7,500 10,000

The company obtained a finance facility whereupon a fixed and floating charge over the company's assets was created and contains a negative pledge.