6 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 09493073 2024-04-01 2025-03-31 09493073 2025-03-31 09493073 2024-03-31 09493073 2023-04-01 2024-03-31 09493073 2024-03-31 09493073 2023-03-31 09493073 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 09493073 core:PlantMachinery 2024-04-01 2025-03-31 09493073 core:MotorVehicles 2024-04-01 2025-03-31 09493073 bus:Director1 2024-04-01 2025-03-31 09493073 core:LandBuildings 2024-03-31 09493073 core:PlantMachinery 2024-03-31 09493073 core:MotorVehicles 2024-03-31 09493073 core:LandBuildings 2025-03-31 09493073 core:PlantMachinery 2025-03-31 09493073 core:MotorVehicles 2025-03-31 09493073 core:LandBuildings 2024-04-01 2025-03-31 09493073 core:WithinOneYear 2025-03-31 09493073 core:WithinOneYear 2024-03-31 09493073 core:AfterOneYear 2025-03-31 09493073 core:AfterOneYear 2024-03-31 09493073 core:ShareCapital 2025-03-31 09493073 core:ShareCapital 2024-03-31 09493073 core:SharePremium 2025-03-31 09493073 core:SharePremium 2024-03-31 09493073 core:CapitalRedemptionReserve 2025-03-31 09493073 core:CapitalRedemptionReserve 2024-03-31 09493073 core:RetainedEarningsAccumulatedLosses 2025-03-31 09493073 core:RetainedEarningsAccumulatedLosses 2024-03-31 09493073 core:LandBuildings 2024-03-31 09493073 core:PlantMachinery 2024-03-31 09493073 core:MotorVehicles 2024-03-31 09493073 bus:SmallEntities 2024-04-01 2025-03-31 09493073 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09493073 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09493073 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09493073 bus:FullAccounts 2024-04-01 2025-03-31 09493073 core:OfficeEquipment 2024-04-01 2025-03-31 09493073 core:OfficeEquipment 2024-03-31 09493073 core:OfficeEquipment 2025-03-31 09493073 core:AfterOneYear 2024-04-01 2025-03-31 09493073 1 2024-04-01 2025-03-31
COMPANY REGISTRATION NUMBER: 09493073
JAK BOLLAN DEVELOPMENTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2025
JAK BOLLAN DEVELOPMENTS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
JAK BOLLAN DEVELOPMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
91,878
117,299
Current assets
Stocks
18,500
15,000
Debtors
6
42,046
58,591
Cash at bank and in hand
125,368
33,706
----------
----------
185,914
107,297
Creditors: amounts falling due within one year
7
109,956
62,729
----------
----------
Net current assets
75,958
44,568
----------
----------
Total assets less current liabilities
167,836
161,867
Creditors: amounts falling due after more than one year
8
50,433
57,342
Provisions
Taxation including deferred tax
12,652
13,544
----------
----------
Net assets
104,751
90,981
----------
----------
JAK BOLLAN DEVELOPMENTS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2025
2025
2024
Note
£
£
£
Capital and reserves
Called up share capital
140
140
Share premium account
9,940
9,940
Capital redemption reserve
60
60
Profit and loss account
94,611
80,841
----------
---------
Shareholders funds
104,751
90,981
----------
---------
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 comprehensive income has not been delivered.
For the year ending 31 March 2025 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 .
These financial statements were approved by the board of directors and authorised for issue on 29 May 2025 , and are signed on behalf of the board by:
J Bollan
Director
Company registration number: 09493073
JAK BOLLAN DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tower House, Lucy Tower Street, Lincoln, Lincolnshire, LN1 1XW, 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.
Revenue recognition
The turnover shown in the profit and loss account represents the value of all work done during the period, exclusive of Value Added Tax. Turnover is recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the sale have been transferred to the customer.
Income 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:
Freehold property
-
10% straight line
Plant and machinery
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
20% 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts 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.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a 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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2024: 7 ).
5. Tangible assets
Freehold property
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 April 2024
10,400
9,992
153,640
4,365
178,397
Additions
2,829
16,321
1,484
20,634
Disposals
( 32,975)
( 32,975)
---------
---------
----------
-------
----------
At 31 March 2025
10,400
12,821
136,986
5,849
166,056
---------
---------
----------
-------
----------
Depreciation
At 1 April 2024
5,027
2,786
51,798
1,487
61,098
Charge for the year
1,040
1,560
21,983
776
25,359
Disposals
( 12,279)
( 12,279)
---------
---------
----------
-------
----------
At 31 March 2025
6,067
4,346
61,502
2,263
74,178
---------
---------
----------
-------
----------
Carrying amount
At 31 March 2025
4,333
8,475
75,484
3,586
91,878
---------
---------
----------
-------
----------
At 31 March 2024
5,373
7,206
101,842
2,878
117,299
---------
---------
----------
-------
----------
6. Debtors
2025
2024
£
£
Trade debtors
4,430
19,668
Other debtors
37,616
38,923
---------
---------
42,046
58,591
---------
---------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
17,371
17,174
Trade creditors
4,708
16,367
Corporation tax
18,607
6,246
Social security and other taxes
42,070
20,503
Other creditors
27,200
2,439
----------
---------
109,956
62,729
----------
---------
Included within other creditors is a balance of £1,111 (2024: £1,008) relating to assets held under hire purchase.
8. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
25,823
31,621
Other creditors
24,610
25,721
---------
---------
50,433
57,342
---------
---------
Included in other creditors is a balance of £24,610 (2024: £25,721) relating to to assets held under hire purchase.
9. Related party transactions
J Bollan , sole director and shareholder in Jak Bollan Developments Limited, is also a director and shareolder in Boultham Wharf Ltd, a company registered in England & Wales, number 14978194. At the year end, an amount of £27,500 (2024: £27,500) was owed from Boultham Wharf Ltd, this balance is included in other debtors.
10. Controlling party
The company was under the control of the director throughout the current and previous year.