Company Registration No. 11220237 (England and Wales)
GEORGE JAMES CONSTRUCTION LTD
Unaudited accounts
for the year ended 28 February 2025
GEORGE JAMES CONSTRUCTION LTD
Unaudited accounts
Contents
GEORGE JAMES CONSTRUCTION LTD
Company Information
for the year ended 28 February 2025
Directors
Mr Jamie Foster
Mr George Lillies
Company Number
11220237 (England and Wales)
Registered Office
23 COURTENAY ROAD
WANTAGE
OX12 7DW
ENGLAND
Accountants
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
GEORGE JAMES CONSTRUCTION LTD
Statement of financial position
as at 28 February 2025
Tangible assets
45,700
5,322
Cash at bank and in hand
(6,353)
5,916
Creditors: amounts falling due within one year
(24,179)
(42,245)
Net current assets
8,719
2,456
Total assets less current liabilities
54,419
7,778
Creditors: amounts falling due after more than one year
(35,686)
(5,680)
Provisions for liabilities
Deferred tax
(17,752)
(1,011)
Called up share capital
1
1
Profit and loss account
980
1,086
Shareholders' funds
981
1,087
For the year ending 28 February 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by
Mr George Lillies
Director
Company Registration No. 11220237
GEORGE JAMES CONSTRUCTION LTD
Notes to the Accounts
for the year ended 28 February 2025
GEORGE JAMES CONSTRUCTION LTD is a private company, limited by shares, registered in England and Wales, registration number 11220237. The registered office is 23 COURTENAY ROAD, WANTAGE, OX12 7DW, ENGLAND.
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.
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.
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
33.33% Straight Line
Motor vehicles
25% Reducing Balance
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
GEORGE JAMES CONSTRUCTION LTD
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2024
893
18,150
19,043
Disposals
-
(18,150)
(18,150)
At 28 February 2025
893
45,500
46,393
At 1 March 2024
593
13,128
13,721
Charge for the year
100
-
100
On disposals
-
(13,128)
(13,128)
At 28 February 2025
693
-
693
At 28 February 2025
200
45,500
45,700
At 29 February 2024
300
5,022
5,322
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
3,964
3,964
Obligations under finance leases and hire purchase contracts
11,430
-
Taxes and social security
7,580
28,524
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
34,070
-
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).