Registered number
03238882
JTC Roofing Contractors Limited
Filleted Accounts
30 September 2024
JTC Roofing Contractors Limited
Registered number: 03238882
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 23,249 39,690
Current assets
Stocks 79,393 85,000
Debtors 4 358,403 374,739
Cash at bank and in hand 175,386 149,465
613,182 609,204
Creditors: amounts falling due within one year 5 (179,234) (192,473)
Net current assets 433,948 416,731
Total assets less current liabilities 457,197 456,421
Provisions for liabilities (5,812) (9,923)
Net assets 451,385 446,498
Capital and reserves
Called up share capital 2 2
Profit and loss account 451,383 446,496
Shareholder's funds 451,385 446,498
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T R Corser
Director
Approved by the board on 12 June 2025
JTC Roofing Contractors Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 9
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 92,338 77,843 170,181
Additions - - -
At 30 September 2024 92,338 77,843 170,181
Depreciation
Charge for the year 1,469 14,972 16,441
At 30 September 2024 87,930 59,002 146,932
Net book value
At 30 September 2024 4,408 18,841 23,249
At 30 September 2023 5,877 33,813 39,690
4 Debtors 2024 2023
£ £
Trade debtors 322,886 317,435
Other debtors 35,517 57,304
358,403 374,739
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 66,099 64,403
Director's current account 32,758 50,112
Taxation and social security costs 24,580 25,006
Other creditors 55,797 52,952
179,234 192,473
6 Other information
JTC Roofing Contractors Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Milford Close
Narborough
Leicester
LE9 3FG
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