2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09266505 2023-10-01 2024-09-30 09266505 2024-09-30 09266505 2023-09-30 09266505 2022-10-01 2023-09-30 09266505 2023-09-30 09266505 2022-09-30 09266505 bus:Director2 2023-10-01 2024-09-30 09266505 core:LandBuildings 2024-09-30 09266505 core:LandBuildings 2023-10-01 2024-09-30 09266505 core:LandBuildings core:ShortLeaseholdAssets 2024-09-30 09266505 core:LandBuildings core:ShortLeaseholdAssets 2023-09-30 09266505 core:WithinOneYear 2024-09-30 09266505 core:WithinOneYear 2023-09-30 09266505 core:ShareCapital 2024-09-30 09266505 core:ShareCapital 2023-09-30 09266505 core:RevaluationReserve 2024-09-30 09266505 core:RevaluationReserve 2023-09-30 09266505 core:RetainedEarningsAccumulatedLosses 2024-09-30 09266505 core:RetainedEarningsAccumulatedLosses 2023-09-30 09266505 core:LandBuildings 2023-09-30 09266505 core:LandBuildings 2023-09-30 09266505 bus:SmallEntities 2023-10-01 2024-09-30 09266505 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 09266505 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09266505 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09266505 bus:FullAccounts 2023-10-01 2024-09-30 09266505 core:OfficeEquipment 2023-10-01 2024-09-30 09266505 core:OfficeEquipment 2023-09-30 09266505 core:OfficeEquipment 2024-09-30
COMPANY REGISTRATION NUMBER: 09266505
JD Klocwork Limited
Unaudited financial statements
30 September 2024
JD Klocwork Limited
Statement of financial position
30 September 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
1,636,422
1,355,000
Current assets
Debtors
6
2,150
3,851
Cash at bank and in hand
390,440
700,079
---------
---------
392,590
703,930
Creditors: Amounts falling due within one year
7
( 39,648)
( 24,675)
---------
---------
Net current assets
352,942
679,255
-----------
-----------
Total assets less current liabilities
1,989,364
2,034,255
Provisions
Taxation including deferred tax
( 79,184)
( 79,184)
-----------
-----------
Net assets
1,910,180
1,955,071
-----------
-----------
Capital and reserves
Called up share capital
100
100
Revaluation reserve
289,495
289,495
Profit and loss account
1,620,585
1,665,476
-----------
-----------
Shareholders funds
1,910,180
1,955,071
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JD Klocwork Limited
Statement of financial position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 28 January 2025 , and are signed on behalf of the board by:
J Colk
Director
Company registration number: 09266505
JD Klocwork Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 12 Kiln Close, Old Catton, Norwich, Norfolk, NR6 7HZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Rental income is recognised on an accruals basis.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
4. Employee numbers
The average number of employees during the year was 2 (2023: 2 ).
5. Tangible assets
Investment properties
Equipment
Total
£
£
£
Cost
At 1 October 2023
1,355,000
250
1,355,250
Additions
281,422
281,422
-----------
----
-----------
At 30 September 2024
1,636,422
250
1,636,672
-----------
----
-----------
Depreciation
At 1 October 2023 and 30 September 2024
250
250
-----------
----
-----------
Carrying amount
At 30 September 2024
1,636,422
1,636,422
-----------
----
-----------
At 30 September 2023
1,355,000
1,355,000
-----------
----
-----------
Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
Investment properties
£
At 30 September 2024
Aggregate cost
1,267,743
Aggregate depreciation
-----------
Carrying value
1,267,743
-----------
At 30 September 2023
Aggregate cost
986,321
Aggregate depreciation
---------
Carrying value
986,321
---------
6. Debtors
2024
2023
£
£
Other debtors
2,150
3,851
------
------
7. Creditors: Amounts falling due within one year
2024
2023
£
£
Social security and other taxes
6,156
3,493
Other creditors
33,492
21,182
-------
-------
39,648
24,675
-------
-------
8. Directors' advances, credits and guarantees
Included within debtors at the year end is a directors loan account of £nil (2023: £754). The maximum amount overdrawn during the year was £25,802.