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REGISTERED NUMBER: 10928903 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

JK CONSTRUCTION & REFURBISHMENT LTD

JK CONSTRUCTION & REFURBISHMENT LTD (REGISTERED NUMBER: 10928903)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


JK CONSTRUCTION & REFURBISHMENT LTD (REGISTERED NUMBER: 10928903)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 60,601 53,920

CURRENT ASSETS
Stocks 314,433 145,000
Debtors 5 15,739 208,434
Cash at bank 231,163 94,272
561,335 447,706
CREDITORS
Amounts falling due within one year 6 155,323 143,945
NET CURRENT ASSETS 406,012 303,761
TOTAL ASSETS LESS CURRENT LIABILITIES 466,613 357,681

CREDITORS
Amounts falling due after more than one year 7 (7,442 ) (14,430 )

PROVISIONS FOR LIABILITIES (15,150 ) (13,500 )
NET ASSETS 444,021 329,751

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 443,921 329,651
SHAREHOLDERS' FUNDS 444,021 329,751

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 May 2025 and were signed by:





J Kelly - Director


JK CONSTRUCTION & REFURBISHMENT LTD (REGISTERED NUMBER: 10928903)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

JK Construction & Refurbishment Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10928903

Registered office: 15 West Street
Brighton
East Sussex
BN1 2RL

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the sale of construction services.

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- 25% on reducing balance
Computer equipment- 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Going concern
The accounts have been drawn up on a going concern basis, as the directors have indicated forecasts and activity following the year end date are sufficient and therefore the company will continue to be a going concern for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

JK CONSTRUCTION & REFURBISHMENT LTD (REGISTERED NUMBER: 10928903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 September 2023 75,875 1,172 77,047
Additions 13,748 8,491 22,239
At 31 August 2024 89,623 9,663 99,286
DEPRECIATION
At 1 September 2023 23,029 98 23,127
Charge for year 14,382 1,176 15,558
At 31 August 2024 37,411 1,274 38,685
NET BOOK VALUE
At 31 August 2024 52,212 8,389 60,601
At 31 August 2023 52,846 1,074 53,920

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,139 200,280
Other debtors 8,100 8,100
Prepayments and accrued income 500 54
15,739 208,434

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,988 6,988
Tax 38,652 33,724
Social security and other taxes 4,181 4,090
VAT 24,424 29,160
Other creditors 2,686 4,869
Directors' current accounts 75,497 62,533
Accruals and deferred income 2,895 2,581
155,323 143,945

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,442 14,430