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REGISTERED NUMBER: 07904547 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Jat Construction Ltd

Jat Construction Ltd (Registered number: 07904547)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jat Construction Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: L W Thomas





REGISTERED OFFICE: 12 United Reform Church
Bangor Road
Penmaenmawr
LL34 6DA





REGISTERED NUMBER: 07904547 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Jat Construction Ltd (Registered number: 07904547)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 94,433 128,196

CURRENT ASSETS
Debtors 5 968,586 251,961
Cash at bank 7,304 6,361
975,890 258,322
CREDITORS
Amounts falling due within one year 6 875,116 188,337
NET CURRENT ASSETS 100,774 69,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,207

198,181

CREDITORS
Amounts falling due after more than one
year

7

11,550

21,808
NET ASSETS 183,657 176,373

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 183,656 176,372
183,657 176,373

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

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

Jat Construction Ltd (Registered number: 07904547)

Balance Sheet - continued
31 March 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 27 March 2025 and were signed by:





L W Thomas - Director


Jat Construction Ltd (Registered number: 07904547)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Jat Construction Ltd 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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is derived from ordinary activities and is measured at the fair value of construction fees received or receivable and property sales, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when rent is received and upon sale of property.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.

Jat Construction Ltd (Registered number: 07904547)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 203,870
Additions 6,500
At 31 March 2024 210,370
DEPRECIATION
At 1 April 2023 75,674
Charge for year 40,263
At 31 March 2024 115,937
NET BOOK VALUE
At 31 March 2024 94,433
At 31 March 2023 128,196

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 87,823 (42,777 )
Amounts owed by associates 301,029 294,324
Amounts recoverable on contract 450,000 -
Other debtors 129,734 414
968,586 251,961

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,115 9,862
Trade creditors 115,737 63,596
Amounts owed to associates 32,000 36,675
Taxation and social security 56,257 2,977
Other creditors 661,007 75,227
875,116 188,337

Jat Construction Ltd (Registered number: 07904547)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,550 21,808

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the reporting date the balance due from the director amounted to £96,102 (2023: £NIL). This balance was subject to interest at 2.25% and repayable on demand.

9. RELATED PARTY DISCLOSURES

Included in debtors is £301,029 (2023: £284,324) and included in creditors is £690,182 (2023: £26,675) due from/to companies which share a director with JAT Construction Ltd. All of which are interest free and repayable on demand.