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REGISTERED NUMBER: 08627126 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

JPK BUILDING CONTRACTORS LIMITED

JPK BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 08627126)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


JPK BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 08627126)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,269 33,297

CURRENT ASSETS
Stocks 163,293 166,627
Debtors 5 68,286 76,741
Cash at bank 93,009 7,555
324,588 250,923
CREDITORS
Amounts falling due within one year 6 201,224 174,482
NET CURRENT ASSETS 123,364 76,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

158,633

109,738

CREDITORS
Amounts falling due after more than one
year

7

96,475

18,333
NET ASSETS 62,158 91,405

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 62,058 91,305
SHAREHOLDERS' FUNDS 62,158 91,405

JPK BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 08627126)

BALANCE SHEET - continued
31 JULY 2024


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

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

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 8 January 2025 and were signed by:





Mr J B Kruth - Director


JPK BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 08627126)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

JPK Building Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08627126

Registered office: Unit 14
Hele Manor
Roundswell Business Park
BARNSTAPLE
Devon
EX31 3UL

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.
Motor vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.


JPK BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 08627126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Short Motor
leasehold vehicles Equipment Totals
£    £    £    £   
COST
At 1 August 2023 14,220 25,950 16,444 56,614
Additions - 8,995 - 8,995
At 31 July 2024 14,220 34,945 16,444 65,609
DEPRECIATION
At 1 August 2023 - 17,019 6,298 23,317
Charge for year - 4,482 2,541 7,023
At 31 July 2024 - 21,501 8,839 30,340
NET BOOK VALUE
At 31 July 2024 14,220 13,444 7,605 35,269
At 31 July 2023 14,220 8,931 10,146 33,297

JPK BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 08627126)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 65,761 35,175
Other debtors 2,525 41,566
68,286 76,741

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,333 10,000
Hire purchase contracts 2,598 -
Trade creditors 43,951 41,938
Taxation and social security 28,471 24,122
Other creditors 97,871 98,422
201,224 174,482

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 92,361 18,333
Hire purchase contracts 4,114 -
96,475 18,333

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 6,712 -

A Funding Circle loan is secured personally by the director.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

JPK BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 08627126)

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


10. RESERVES
Retained
earnings
£   

At 1 August 2023 91,305
Profit for the year 7,173
Dividends (36,420 )
At 31 July 2024 62,058

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As director, Mr J B Kruth has provided a personal guarantee over the bank overdraft facility of £25,000.

12. RELATED PARTY DISCLOSURES

Mr J B Kruth is a director and shareholder in Kruth Ltd. The company made sales to Kruth Ltd totalling £961,896 (2023 - £666,540).

At the year end the company owed Kruth Ltd £74,000 (2023 - £74,000).