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REGISTERED NUMBER: 08946993 (England and Wales)















J TUNLEY CONTRACTORS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






J TUNLEY CONTRACTORS LIMITED (REGISTERED NUMBER: 08946993)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J TUNLEY CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: J R Tunley





SECRETARY: J Tunley





REGISTERED OFFICE: Dan-y-graig Barn
Henllys
Cwmbran
Torfaen
NP44 6HY





REGISTERED NUMBER: 08946993 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

J TUNLEY CONTRACTORS LIMITED (REGISTERED NUMBER: 08946993)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 152,419 153,392

CURRENT ASSETS
Stocks 8,000 2,480
Debtors 5 22,297 22,502
Cash at bank 13,277 5,681
43,574 30,663
CREDITORS
Amounts falling due within one year 6 139,001 116,735
NET CURRENT LIABILITIES (95,427 ) (86,072 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,992

67,320

PROVISIONS FOR LIABILITIES 10,216 -
NET ASSETS 46,776 67,320

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 46,676 67,220
SHAREHOLDERS' FUNDS 46,776 67,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

J TUNLEY CONTRACTORS LIMITED (REGISTERED NUMBER: 08946993)

BALANCE SHEET - continued
31ST MARCH 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 9th October 2024 and were signed by:





J R Tunley - Director


J TUNLEY CONTRACTORS LIMITED (REGISTERED NUMBER: 08946993)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

J Tunley Contractors Limited 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 - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 Profit and Loss Account, 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.


J TUNLEY CONTRACTORS LIMITED (REGISTERED NUMBER: 08946993)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 224,367 86,762 416 311,545
Additions 13,325 11,300 - 24,625
At 31st March 2024 237,692 98,062 416 336,170
DEPRECIATION
At 1st April 2023 102,121 55,928 104 158,153
Charge for year 19,353 6,167 78 25,598
At 31st March 2024 121,474 62,095 182 183,751
NET BOOK VALUE
At 31st March 2024 116,218 35,967 234 152,419
At 31st March 2023 122,246 30,834 312 153,392

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,077 21,546
VAT 947 253
Prepayments and accrued income 1,273 703
22,297 22,502

J TUNLEY CONTRACTORS LIMITED (REGISTERED NUMBER: 08946993)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,888 17,745
Social security and other taxes 2,872 -
Other creditors 32,560 9,000
Directors' current accounts 90,632 85,676
Accrued expenses 4,049 4,314
139,001 116,735

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100

8. RELATED PARTY DISCLOSURES

At 31 March 2024 the company owed £9,000 (2023: £9000) to Mrs T Tunley, who is J R Tunley's mother, and this amount is included in Other Creditors.

At 31 March 2024 the company owed £23,560 (£2023: £Nil) to J R Tunley and this amount is included in Other Creditors.

The balance on the director's loan account for J R Tunley £90,632 at 31 March 2024 (2023:
£85,676).