Justice Construction Limited
Registered number: 06609180
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 48,367 108,454
Current assets
Stocks and work in progress 950 850
Debtors 4 1,146 35,100
Cash at bank and in hand 60,597 38,996
62,693 74,946
Creditors: amounts falling due within one year 5 (80,650) (85,465)
Net current liabilities (17,957) (10,519)
Total assets less current liabilities 30,410 97,935
Creditors: amounts falling due after more than one year 6 (9,167) (37,401)
Provisions for liabilities (9,190) (22,292)
Net assets 12,053 38,242
Capital and reserves
Called up share capital 100 100
Profit and loss account 11,953 38,142
Shareholders' funds 12,053 38,242
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 P Justice
Director
Approved by the board on 13 March 2025
Justice Construction Limited
Notes to the Accounts
for the year ended 30 June 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.
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 20% reducing balance
Computer equipment 20% reducing balance
Motor vehicles 20% reducing balance
Stocks and work in progress
Stocks and work in progressare 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 2 2
3 Tangible fixed assets
Computer equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 2,216 114,188 98,487 214,891
Disposals - - (74,991) (74,991)
At 30 June 2024 2,216 114,188 23,496 139,900
Depreciation
At 1 July 2023 1,773 72,968 31,696 106,437
Charge for the year 89 8,245 3,759 12,093
On disposals - - (26,997) (26,997)
At 30 June 2024 1,862 81,213 8,458 91,533
Net book value
At 30 June 2024 354 32,975 15,038 48,367
At 30 June 2023 443 41,220 66,791 108,454
4 Debtors 2024 2023
£ £
Trade debtors 1,146 35,100
1,146 35,100
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts - 13,019
Trade creditors 41,448 21,101
Accruals 2,190 1,950
Corporation tax 3,062 29,169
Other taxes and social security costs 23,949 9,730
Other creditors 1 496
80,650 85,465
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,167 19,167
Obligations under finance lease and hire purchase contracts - 18,234
9,167 37,401
7 Events after the reporting date
There have been no events since the balance sheet date which require disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.
8 Pension commitments
There are no pension commitments which require disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.
9 Contingent liabilities
There are no contingent liabilities which require disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.
10 Related party transactions
Total dividends of £39500 were paid during the year to Mr P Justice and Mrs J Justice, joint shareholders of the company. As at the year end the Company owed £1 to Mr and Mrs Justice. The loan is interest free with no fixed date for repayment.
11 Controlling party
The company is under the common control of Mr and Mrs Justice being directors and shareholders of the company.
12 Other information
Justice Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Old Dairy Farm
Upper Stowe
Weedon
Northants
NN7 4SH
Justice Construction Limited 06609180 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 Mr P Justice No description of principal activity 06609180 2022-07-01 2023-06-30 06609180 core:WithinOneYear 2023-06-30 06609180 core:AfterOneYear 2023-06-30 06609180 core:ShareCapital 2023-06-30 06609180 core:RetainedEarningsAccumulatedLosses 2023-06-30 06609180 2023-07-01 2024-06-30 06609180 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06609180 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 06609180 bus:Director40 2023-07-01 2024-06-30 06609180 1 2023-07-01 2024-06-30 06609180 2 2023-07-01 2024-06-30 06609180 core:LandBuildings 2023-07-01 2024-06-30 06609180 core:PlantMachinery 2023-07-01 2024-06-30 06609180 core:Vehicles 2023-07-01 2024-06-30 06609180 1 2023-07-01 2024-06-30 06609180 countries:England 2023-07-01 2024-06-30 06609180 bus:FRS102 2023-07-01 2024-06-30 06609180 bus:FilletedAccounts 2023-07-01 2024-06-30 06609180 2024-06-30 06609180 core:WithinOneYear 2024-06-30 06609180 core:AfterOneYear 2024-06-30 06609180 core:ShareCapital 2024-06-30 06609180 core:RetainedEarningsAccumulatedLosses 2024-06-30 06609180 core:LandBuildings 2024-06-30 06609180 core:PlantMachinery 2024-06-30 06609180 core:Vehicles 2024-06-30 06609180 2023-06-30 06609180 core:LandBuildings 2023-06-30 06609180 core:PlantMachinery 2023-06-30 06609180 core:Vehicles 2023-06-30 iso4217:GBP xbrli:pure