Registered number
10009453
TJH Builders Limited
Filleted Accounts
29 February 2024
TJH Builders Limited
Registered number: 10009453
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 111,008 131,199
Current assets
Stocks 4,271 4,466
Debtors 4 21,365 59,032
Cash at bank and in hand 11,601 24,572
37,237 88,070
Creditors: amounts falling due within one year 5 (72,702) (87,825)
Net current (liabilities)/assets (35,465) 245
Total assets less current liabilities 75,543 131,444
Creditors: amounts falling due after more than one year 6 (37,373) (72,478)
Provisions for liabilities (21,092) (24,928)
Net assets 17,078 34,038
Capital and reserves
Called up share capital 1 1
Profit and loss account 17,077 34,037
Shareholder's funds 17,078 34,038
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
MTD Evans
Director
Approved by the board on 28 September 2024
TJH Builders Limited
Notes to the Accounts
for the year ended 29 February 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 represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the costs, less estimated residual value, of each asset over its expected useful life. The methods and applicable rates are:
Plant and machinery 15% per annum of net book value
Motor Vehicles 15% per annum of net book value
Stocks
Stocks are stated at the lower of cost, using the first in first out method, and selling price less costs to complete and sell.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are initially recognised at transaction price including any transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are initially recognised at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Deferred Taxation
Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases.

The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets (or, if lower, the present value of the minimum lease payments).
Lease payments are apportioned between finance charges and the reduction in the outstanding liability using the effective interest method so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are deducted in measuring profit or loss. Assets held under finance leases are included in tangible fixed assets and depreciated and reviewed for impairment losses in the same way as owned assets.

Operating lease payments are charged to profit or loss on a straight-line basis over the lease term. Where a lease includes pre-set increases in the rent payable to reflect expected inflation, then the annual expense is recognised in line with this stepped schedule.

The aggregate benefits of any lease incentives are recognised as a reduction to the expense recognised over the lease term on a straight-line basis.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 62,766 142,418 205,184
Additions 597 - 597
At 29 February 2024 63,363 142,418 205,781
Depreciation
At 1 March 2023 25,291 48,694 73,985
Charge for the year 6,086 14,702 20,788
At 29 February 2024 31,377 63,396 94,773
Net book value
At 29 February 2024 31,986 79,022 111,008
At 28 February 2023 37,475 93,724 131,199
4 Debtors 2024 2023
£ £
Trade debtors 14,364 52,315
Other debtors 7,001 6,717
21,365 59,032
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 31,146 31,146
Trade creditors 7,988 17,509
Other taxes and social security costs 6,615 21,519
Other creditors 16,953 7,651
72,702 87,825
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other loans 14,167 24,167
Obligations under finance lease and hire purchase contracts 3,874 35,021
Directors loan account 19,332 13,290
37,373 72,478
7 Related party transactions
The long term directors loan account is interest free. The balance owing at the year end is £19,332 and £13,290 at the beginning of the year.
8 Controlling party
The company is controlled by MTD Evans who owns 100% of the share capital of the company
9 Other information
TJH Builders Limited is a private company limited by shares and incorporated in England and Wales. The registered office is:
9 Lloyd Street
Llandudno
Conwy
LL30 2UU
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