Company Registration No. 10846734 (England and Wales)
JS Paving Ltd
Unaudited accounts
for the year ended 31 July 2024
JS Paving Ltd
Unaudited accounts
Contents
JS Paving Ltd
Company Information
for the year ended 31 July 2024
Director
Mr Joe Samuel Smith
Company Number
10846734 (England and Wales)
Registered Office
112-113 High Street
Lincoln
LN5 7PY
UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
JS Paving Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
45,570
69,669
Cash at bank and in hand
119,573
44,133
Creditors: amounts falling due within one year
(20,308)
(11,898)
Net current assets
99,265
32,235
Total assets less current liabilities
144,835
101,904
Creditors: amounts falling due after more than one year
(53,046)
(39,500)
Provisions for liabilities
Deferred tax
(30,813)
(24,660)
Called up share capital
1
1
Profit and loss account
60,975
37,743
Shareholders' funds
60,976
37,744
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 February 2025 and were signed on its behalf by
Mr Joe Samuel Smith
Director
Company Registration No. 10846734
JS Paving Ltd
Notes to the Accounts
for the year ended 31 July 2024
JS Paving Ltd is a private company, limited by shares, registered in England and Wales, registration number 10846734. The registered office is 112-113 High Street, Lincoln, LN5 7PY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
JS Paving Ltd
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
93,795
400
650
94,845
Additions
56,720
-
-
56,720
Disposals
(92,295)
-
-
(92,295)
At 31 July 2024
58,220
400
650
59,270
At 1 August 2023
24,557
236
383
25,176
Charge for the year
12,456
32
53
12,541
On disposals
(24,017)
-
-
(24,017)
At 31 July 2024
12,996
268
436
13,700
At 31 July 2024
45,224
132
214
45,570
At 31 July 2023
69,238
164
267
69,669
Carrying values included above held under finance leases and hire purchase contracts:
£
£
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,000
5,000
Obligations under finance leases and hire purchase contracts
5,791
-
Taxes and social security
(120)
691
Loans from directors
3,550
1,418
6
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
14,796
-
BBL loan extended to a 10 year term with 2.5% interest accruing over the term.
Balance Yr.2. - Yr.10. £38,250
A Government guarantee is in place to support the loan
JS Paving Ltd
Notes to the Accounts
for the year ended 31 July 2024
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1
1
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).