J.M. Strong General Builders Limited 04950041 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is the provision of building and construction services. Digita Accounts Production Advanced 6.30.9574.0 true true true 04950041 2023-10-01 2024-09-30 04950041 2024-09-30 04950041 core:RetainedEarningsAccumulatedLosses 2024-09-30 04950041 core:ShareCapital 2024-09-30 04950041 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-09-30 04950041 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-09-30 04950041 core:CurrentFinancialInstruments 2024-09-30 04950041 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 04950041 core:Non-currentFinancialInstruments 2024-09-30 04950041 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 04950041 core:FurnitureFittingsToolsEquipment 2024-09-30 04950041 core:MotorVehicles 2024-09-30 04950041 core:OtherPropertyPlantEquipment 2024-09-30 04950041 1 2024-09-30 04950041 bus:SmallEntities 2023-10-01 2024-09-30 04950041 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04950041 bus:FilletedAccounts 2023-10-01 2024-09-30 04950041 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04950041 bus:RegisteredOffice 2023-10-01 2024-09-30 04950041 bus:Director1 2023-10-01 2024-09-30 04950041 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04950041 core:ComputerEquipment 2023-10-01 2024-09-30 04950041 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 04950041 core:MotorVehicles 2023-10-01 2024-09-30 04950041 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 04950041 core:PlantMachinery 2023-10-01 2024-09-30 04950041 1 2023-10-01 2024-09-30 04950041 countries:EnglandWales 2023-10-01 2024-09-30 04950041 1 2023-10-01 2024-09-30 04950041 2023-09-30 04950041 core:FurnitureFittingsToolsEquipment 2023-09-30 04950041 core:MotorVehicles 2023-09-30 04950041 core:OtherPropertyPlantEquipment 2023-09-30 04950041 1 2023-09-30 04950041 2022-10-01 2023-09-30 04950041 2023-09-30 04950041 core:RetainedEarningsAccumulatedLosses 2023-09-30 04950041 core:ShareCapital 2023-09-30 04950041 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-09-30 04950041 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-09-30 04950041 core:CurrentFinancialInstruments 2023-09-30 04950041 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 04950041 core:Non-currentFinancialInstruments 2023-09-30 04950041 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 04950041 core:FurnitureFittingsToolsEquipment 2023-09-30 04950041 core:MotorVehicles 2023-09-30 04950041 core:OtherPropertyPlantEquipment 2023-09-30 04950041 1 2023-09-30 04950041 1 2022-10-01 2023-09-30 04950041 1 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 04950041

J.M. Strong General Builders Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

J.M. Strong General Builders Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

J.M. Strong General Builders Limited

Company Information

Director

J M Strong

Registered office

9 Port Road
Dawlish
Devon
EX7 0NX

Accountants

Thompson Jenner LLP
1 Colleton Crescent
Exeter
Devon
EX2 4DG

 

J.M. Strong General Builders Limited

(Registration number: 04950041)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

750,723

852,402

Investments

5

-

123,391

 

750,723

975,793

Current assets

 

Stocks

6

10,309

10,309

Debtors

7

117,746

99,473

Cash at bank and in hand

 

915

114,766

 

128,970

224,548

Creditors: Amounts falling due within one year

8

(504,367)

(251,070)

Net current liabilities

 

(375,397)

(26,522)

Total assets less current liabilities

 

375,326

949,271

Creditors: Amounts falling due after more than one year

8

(218,580)

(115,634)

Provisions for liabilities

(122,270)

(154,184)

Net assets

 

34,476

679,453

Capital and reserves

 

Called up share capital

200

200

Profit and loss account

34,276

679,253

Total equity

 

34,476

679,453

For the financial year ending 30 September 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 accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

J.M. Strong General Builders Limited

(Registration number: 04950041)
Balance Sheet as at 30 September 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 June 2025
 

.........................................
J M Strong
Director

 

J.M. Strong General Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9 Port Road
Dawlish
Devon
EX7 0NX
England & Wales

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

The job retention scheme grant has been recognised under the accrual model and is credited to income over the periods in which the compensated costs have been recognised.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

J.M. Strong General Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Computer equipment

25% straight line basis

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

J.M. Strong General Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

J.M. Strong General Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 3).

 

J.M. Strong General Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Plant and machinery
 £

Motor vehicles
 £

Computer equipment
£

Total
£

Cost or valuation

At 1 October 2023

1,085,987

309,633

12,470

1,408,090

Additions

199,682

75,399

1,651

276,732

Disposals

(235,600)

(111,511)

-

(347,111)

At 30 September 2024

1,050,069

273,521

14,121

1,337,711

Depreciation

At 1 October 2023

415,015

133,842

6,831

555,688

Charge for the year

132,029

50,392

2,663

185,084

Eliminated on disposal

(91,895)

(61,889)

-

(153,784)

At 30 September 2024

455,149

122,345

9,494

586,988

Carrying amount

At 30 September 2024

594,920

151,176

4,627

750,723

At 30 September 2023

670,972

175,791

5,639

852,402

5

Investments

2024
£

2023
£

Other investments

-

123,391

 

J.M. Strong General Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Stocks

2024
£

2023
£

Raw materials and consumables

10,309

10,309

7

Debtors

Note

2024
£

2023
£

Trade debtors

 

3,600

45,948

Director's loan account

10

43,165

6,380

Other debtors

 

46,857

19,429

Prepayments and accrued income

 

2,047

2,131

Gross amount due from customers for contract work

 

22,077

25,585

Total current trade and other debtors

 

117,746

99,473

8

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

107,019

110,567

Trade creditors

 

216,886

115,460

Amounts owed to group companies

10

133,732

-

Taxation and social security

 

3,725

5,003

Other creditors

 

40,445

17,480

Accrued expenses

 

2,560

2,560

 

504,367

251,070

Obligations due under finance leases and hire purchases contracts, as shown above, are secured on the assets concerned.

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

218,580

115,634

Obligations due under finance leases and hire purchases contracts, as shown above, are secured on the assets concerned.

 

J.M. Strong General Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

60,913

10,648

Bank overdrafts

2,252

-

Hire purchase contracts

43,854

99,919

107,019

110,567

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

129,880

10,393

Hire purchase contracts

88,700

105,241

218,580

115,634

10

Related party transactions

Transactions with the director

2024

At 1 October 2023
£

Advances to director
£

Repayments by director
£

At 30 September 2024
£

Interest free loan repayable on demand

6,380

43,459

(6,674)

43,165

 

2023

At 1 October 2022
£

Advances to director
£

Repayments by director
£

At 30 September 2023
£

Interest free loan repayable on demand

-

44,538

(38,158)

6,380

 

11

Parent and ultimate parent undertaking

The company's immediate parent is J.M. Strong General Builders Holdings Limited, incorporated in England and Wales.