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COMPANY REGISTRATION NUMBER: 08168242
C & J Installations Limited
Filleted Unaudited Financial Statements
31 July 2024
C & J Installations Limited
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
55,138
55,800
Current assets
Debtors
6
18,654
22,290
Cash at bank and in hand
13,332
3,061
--------
--------
31,986
25,351
Creditors: amounts falling due within one year
7
98,625
108,213
--------
---------
Net current liabilities
66,639
82,862
--------
--------
Total assets less current liabilities
( 11,501)
( 27,062)
Creditors: amounts falling due after more than one year
8
7,266
19,132
Provisions
Taxation including deferred tax
4,650
--------
--------
Net liabilities
( 23,417)
( 46,194)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 23,517)
( 46,294)
--------
--------
Shareholders deficit
( 23,417)
( 46,194)
--------
--------
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 income and retained earnings has not been delivered.
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.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
C & J Installations Limited
Statement of Financial Position (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 23 April 2025 , and are signed on behalf of the board by:
Mr J J Heath-Smith
Director
Company registration number: 08168242
C & J Installations Limited
Notes to the Financial Statements
Year ended 31 July 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 176 Brighton Road, Coulsdon, Surrey, CR5 2NF, United Kingdom.
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.
Going concern
The director has considered the cash position of the company as at the year end and its anticipated level of future trading activity for a period of 12 months after the date of signing the financial statements. Based on cash flow the director has a reasonable expectation that the Company will be able to continue trading for at least 12 months from the date of signing the financial statements.
Revenue recognition
Turnover represents amounts related to work performed during the period exclusive of Value Added Tax. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Corporation 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 losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
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.
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:
Plant & Machinery
-
20% straight line
Fixtures & Fittings
-
20% straight line
Motor Vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Finance leases
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 August 2023
3,870
1,011
105,342
110,223
Additions
30,125
30,125
Disposals
( 35,362)
( 35,362)
-------
-------
---------
---------
At 31 July 2024
3,870
1,011
100,105
104,986
-------
-------
---------
---------
Depreciation
At 1 August 2023
3,870
1,011
49,542
54,423
Charge for the year
15,869
15,869
Disposals
( 20,444)
( 20,444)
-------
-------
---------
---------
At 31 July 2024
3,870
1,011
44,967
49,848
-------
-------
---------
---------
Carrying amount
At 31 July 2024
55,138
55,138
-------
-------
---------
---------
At 31 July 2023
55,800
55,800
-------
-------
---------
---------
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Motor vehicles
£
At 31 July 2024
30,661
--------
At 31 July 2023
55,800
--------
6. Debtors
2024
2023
£
£
Trade debtors
7,061
20
Corporation tax repayable
3,806
Other debtors
11,593
18,464
--------
--------
18,654
22,290
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
1,126
Social security and other taxes
780
Other creditors
96,719
108,213
--------
---------
98,625
108,213
--------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
7,266
19,132
-------
--------
9. Finance leases and hire purchase contracts
The total future minimum lease payments under finance leases and hire purchase contracts are as follows:
2024
2023
£
£
Not later than 1 year
21,777
31,689
Later than 1 year and not later than 5 years
7,266
19,132
--------
--------
29,043
50,821
--------
--------
10. Related party transactions
The company was under the control of Mr J J Heath-Smith throughout the current year. At 31 July 2024 the company owed Mr J J Heath-Smith £Nil (2023 - £3,319). These amounts are included in other creditors.