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REGISTERED NUMBER: 05343952 (England and Wales)















J P MARSDEN CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024






J P MARSDEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 05343952)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J P MARSDEN CONSTRUCTION LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTOR: Mr J P Marsden



SECRETARY: Mrs T L Marsden



REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS



REGISTERED NUMBER: 05343952 (England and Wales)



ACCOUNTANTS: SMH Sheards
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS



BANKERS: Handelsbanken
12 Longbow Close
Pennine Business Park
Bradley
Huddersfield
HD2 1GQ

J P MARSDEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 05343952)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 26,726 34,359

CURRENT ASSETS
Stocks 5 315,000 347,500
Debtors 6 4,159 57,323
Cash at bank 212,035 252,754
531,194 657,577
CREDITORS
Amounts falling due within one year 7 (507,935 ) (663,473 )
NET CURRENT ASSETS/(LIABILITIES) 23,259 (5,896 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,985

28,463

CREDITORS
Amounts falling due after more than one
year

8

(10,506

)

(20,753

)

PROVISIONS FOR LIABILITIES 10 (6,387 ) (6,528 )
NET ASSETS 33,092 1,182

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,992 1,082
SHAREHOLDERS' FUNDS 33,092 1,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 P MARSDEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 05343952)

BALANCE SHEET - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





Mr J P Marsden - Director


J P MARSDEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 05343952)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024


1. STATUTORY INFORMATION

J P Marsden Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 in the accounts is recognised when the service is complete, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the
instrument.

Basic financial assets, which include trade and other debtors, amounts owed by group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of
impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the
impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.
Basic financial liabilities, including trade and other creditors, bank loans, accruals and amounts owed to group undertakings, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.


J P MARSDEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 05343952)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2023 - 3 ) .

J P MARSDEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 05343952)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 130,669
Additions 1,468
Disposals (8,306 )
At 30 September 2024 123,831
DEPRECIATION
At 1 October 2023 96,310
Charge for year 8,216
Eliminated on disposal (7,421 )
At 30 September 2024 97,105
NET BOOK VALUE
At 30 September 2024 26,726
At 30 September 2023 34,359

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 46,174
DEPRECIATION
At 1 October 2023 26,694
Charge for year 4,870
At 30 September 2024 31,564
NET BOOK VALUE
At 30 September 2024 14,610
At 30 September 2023 19,480

5. STOCKS
2024 2023
£    £   
Stocks 315,000 347,500

J P MARSDEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 05343952)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,000 54,157
Other debtors 3,159 3,166
4,159 57,323

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,247 9,994
Hire purchase contracts - 8,662
Trade creditors 29,065 62,284
Taxation and social security 23,853 26,277
Other creditors 444,770 556,256
507,935 663,473

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,506 20,753

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 20,753 30,747
Hire purchase contracts - 8,662
20,753 39,409

The bank loan is secured by a Government backed initiative.

Hire purchase agreements are secured against the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,387 6,528

J P MARSDEN CONSTRUCTION LIMITED (REGISTERED NUMBER: 05343952)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 6,528
Provided during year (141 )
Balance at 30 September 2024 6,387

11. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £440,051 (2023: £552,156) were outstanding at the year end. Loans will be repaid when funds permit.