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REGISTERED NUMBER: 11107699 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

John 14.2 Construction Ltd

John 14.2 Construction Ltd (Registered number: 11107699)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


John 14.2 Construction Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Dibdin
Mrs C R Barnett
Mrs G Lee





REGISTERED OFFICE: The Ice House
Victor Street
Grimsby
DN32 7QN





REGISTERED NUMBER: 11107699 (England and Wales)





AUDITORS: Xeinadin Audit Limited
8th Floor, Becket House
36 Old Jewry
London
EC2R 8DD

John 14.2 Construction Ltd (Registered number: 11107699)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 27,554 34,818

CURRENT ASSETS
Debtors 5 50,648 59,090
Cash at bank and in hand 14,397 26,414
65,045 85,504
CREDITORS
Amounts falling due within one year 6 243,274 340,698
NET CURRENT LIABILITIES (178,229 ) (255,194 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(150,675

)

(220,376

)

CAPITAL AND RESERVES
Called up share capital 100 101
Retained earnings (150,775 ) (220,477 )
(150,675 ) (220,376 )

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 Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by:





J Dibdin - Director


John 14.2 Construction Ltd (Registered number: 11107699)

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

1. STATUTORY INFORMATION

John 14.2 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.

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

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 - 33% on cost and 25% on reducing balance

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.

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 11 (2023 - 9 ) .

John 14.2 Construction Ltd (Registered number: 11107699)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 60,777
Additions 1,786
At 31 March 2024 62,563
DEPRECIATION
At 1 April 2023 25,959
Charge for year 9,050
At 31 March 2024 35,009
NET BOOK VALUE
At 31 March 2024 27,554
At 31 March 2023 34,818

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 48,573
Other debtors 50,648 10,517
50,648 59,090

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 12,155 72,236
Amounts owed to group undertakings 192,039 221,283
Taxation and social security 26,426 5,342
Other creditors 12,654 41,837
243,274 340,698

John 14.2 Construction Ltd (Registered number: 11107699)

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

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.


The Report of the Auditors was modified on the following basis:

Basis for modified opinion

We were unable to obtain sufficient appropriate audit evidence in a number of key areas.

The company is a wholly owned subsidiary of the Matt 6.3 Charitable Trust (registered charity number 1069985). During the course of our audit of the charity and it's trading subsidiaries we noted significant matters (which included, but were not limited to):

- Lack of internal controls and governance;

- Material unauthorised payments to related and connected parties which appear to have no commercial substance;

- No recognition or management of conflicts of interest or trustee benefit.

Due to the uncertainty regarding the matters above and inability to determine how these matters might be
resolved, we concluded that we could not obtain sufficient appropriate audit evidence that there were no
material misstatements in the financial statements, arising from either intentional misstatement or error.

Due to the nature of these matters, we are unable to determine the full value of any adjustments that would
have been necessary to the Income Statement, the Balance Sheet or associated disclosures. We have
concluded that the possible effects on the financial statements from these matters could be both material
and pervasive.

We are therefore unable to form an opinion on the financial statements as a whole.

Mark Stothard BA (Hons) FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

8. RELATED PARTY DISCLOSURES

31.3.24 31.3.23
£ £
Amounts owing to related parties - 33,339
Amounts owing from related parties 5,480 48,871
Sales to related parties 356,679 500,111
Management charges paid to related parties 9,900 9,000
Consultancy fees paid to related parties 57,600 57,600
Recharges made to related parties 44,429 -

The related parties are all companies which are under the same common control.

9. GOING CONCERN

The company is in a profit making position but has a negative balance sheet. The directors feel the use of going concern is still appropriate as the company has the financial support of Immingham Industrial Estates Limited . Immingham Industrial Estates Limited is also a 100% subsidiary of the Matt 6.3 Charitable Trust and is in a strong position to support the company making both good levels of profit and having a healthy balance sheet.