Registered number
05689412
Jonathan Baker Building Contractor Ltd
Filleted Accounts
30 April 2024
Jonathan Baker Building Contractor Ltd
Registered number: 05689412
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,917 2,917
Tangible assets 4 189,874 193,109
191,791 196,026
Current assets
Stocks 472,550 390,672
Debtors 5 315,574 310,632
Cash at bank and in hand 6,483 4,204
794,607 705,508
Creditors: amounts falling due within one year 6 (417,978) (331,507)
Net current assets 376,629 374,001
Total assets less current liabilities 568,420 570,027
Provisions for liabilities (7,576) (8,191)
Net assets 560,844 561,836
Capital and reserves
Called up share capital 5 5
Profit and loss account 560,839 561,831
Shareholders' funds 560,844 561,836
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.
Mr J. Baker
Director
Approved by the board on 12 December 2024
Jonathan Baker Building Contractor Ltd
Notes to the Accounts
for the year ended 30 April 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:
Plant and machinery over 5 years
Commercial vehicles over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 20,000
At 30 April 2024 20,000
Amortisation
At 1 May 2023 17,083
Provided during the year 1,000
At 30 April 2024 18,083
Net book value
At 30 April 2024 1,917
At 30 April 2023 2,917
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 150,000 190,386 66,889 407,275
Additions - 4,613 14,500 19,113
At 30 April 2024 150,000 194,999 81,389 426,388
Depreciation
At 1 May 2023 - 169,677 44,489 214,166
Charge for the year - 13,848 8,500 22,348
At 30 April 2024 - 183,525 52,989 236,514
Net book value
At 30 April 2024 150,000 11,474 28,400 189,874
At 30 April 2023 150,000 20,709 22,400 193,109
5 Debtors 2024 2023
£ £
Other debtors 315,574 310,632
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 2,171
Trade creditors 3,647 5,301
Corporation tax 691 9,431
Other taxes and social security costs - 5,729
Directors account 407,896 303,131
Other creditors 5,744 5,744
417,978 331,507
7 Loans from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr J. Baker
Current account 182,043 55,517 (1,899) 235,661
Mrs J. Baker
Current account 121,088 53,046 (1,899) 172,235
303,131 108,563 (3,798) 407,896
8 Related party transactions
Included in other debtors is a loan to Woodcroft Farm Ltd, a company which the directors own 100% of the issued share capital, of £305,879, (2023 £307,879). No interest has been charged on this loan.
9 Controlling party
Throughout the period the company was under the control of Mr and Mrs J. Baker who own 100% of the issued share capital.
10 Other information
Jonathan Baker Building Contractor Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Holmer Terrace
Holmer
Hereford
HR4 9RH
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