Registered number
07678959
BJ Homes Ltd
Filleted Accounts
31 March 2024
BJ Homes Ltd
Registered number: 07678959
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,624 1,804
Current assets
Debtors 4 499,754 174,320
Cash at bank and in hand 26,333 84,389
526,087 258,709
Creditors: amounts falling due within one year 5 (459,695) (185,138)
Net current assets 66,392 73,571
Total assets less current liabilities 68,016 75,375
Creditors: amounts falling due after more than one year 6 (28,272) (37,470)
Net assets 39,744 37,905
Capital and reserves
Called up share capital 200 200
Profit and loss account 39,544 37,705
Shareholders' funds 39,744 37,905
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 members have 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.
Jastejpal Kaur Chahal
Director
Approved by the board on 2 December 2024
BJ Homes Ltd
Notes to the Accounts
for the year ended 31 March 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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings & equipment 10% reducing balance
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures, fittings and equipment
£
Cost
At 1 April 2023 5,598
At 31 March 2024 5,598
Depreciation
At 1 April 2023 3,794
Charge for the year 180
At 31 March 2024 3,974
Net book value
At 31 March 2024 1,624
At 31 March 2023 1,804
4 Debtors 2024 2023
£ £
Other debtors 499,754 174,320
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 300 660
Taxation and social security costs 473 757
Other creditors 458,922 183,721
459,695 185,138
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 28,272 37,470
7 Controlling party
The company was under the control of the directors, Jastejpal Kaur Chahal & Balbinder Kaur Biring, during the year.
8 Other information
BJ Homes Ltd is a private company limited by shares and incorporated in England. Its registered office is:
16 Norton Road
Letchworth Garden City
Hertfordshire
SG6 1AB
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