JST Construction Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

JST Construction Limited Registered number 06072190 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 8 Cedab Ind Est, Cedab Road, Ellesmere Port, CH65 4FE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% straight line
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	33% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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JST Construction Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.8. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

2.9. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	6	6

	6	6

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2024	6,797	63,542	3,071	13,613	87,023
Additions	2,430	-	-	-	2,430
Disposals	(960 )	(25,500 )	-	-	(26,460 )

As at 31 January 2025	8,267	38,042	3,071	13,613	62,993

Depreciation
As at 1 February 2024	2,844	24,217	1,818	8,600	37,479
Provided during the period	932	8,048	313	2,757	12,050
Disposals	(960 )	(8,318 )	-	-	(9,278 )

As at 31 January 2025	2,816	23,947	2,131	11,357	40,251

Net Book Value
As at 31 January 2025	5,451	14,095	940	2,256	22,742

As at 1 February 2024	3,953	39,325	1,253	5,013	49,544

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

5. Stocks

	2025	2024
	£	£
Materials	1,300	1,000
Work in progress	108,000	4,000

	109,300	5,000

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JST Construction Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	7,012	82,565
Prepayments and accrued income	4,120	-
VAT	24,807	26,645
Net wages	-	511
Director's loan account	623	615
Amounts owed by associates	434,818	174,818

	471,380	285,154

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	59,533	53,482
Bank loans and overdrafts	-	6,047
Corporation tax	150,443	76,137
Other taxes and social security	3,439	4,188
Other creditors	331	931
Credit cards	4,499	3,249
Accruals and deferred income	-	144,646

	218,245	288,680

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	7,541	13,032

9. Secured Creditors

Of the creditors the following amounts are secured.

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,001	1,001

	2025	2024
Allotted, called up and fully paid	£	£
500 Ordinary A shares of £ 1.000 each	500	500
500 Ordinary B shares of £ 1.000 each	500	500

	1,000	1,000

Preference Shares

	2025	2024
Allotted, called up and fully paid	£	£
1 Preference Shares of £ 1.000 each	1	1

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JST Construction Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 February 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2025
	£	£	£	£	£
Mr Stuart Terrace	615	8	-	-	623

The above loan is unsecured, interest free and repayable on demand.

Dividends paid to directors

	2025	2024
	£	£
Mr Stuart Terrace	47,000	46,362

12. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	85,300	63,162

13. Related Party Transactions

At the balance sheet date, the company was owed £384,818 (2024: £174,818) by JST Property Rentals Limited, and £50,000 (2024: £nil) by JST Limited. Both companies are under the common control of the directors.

During the year the company advanced loans of £210,000 to JST Property Rentals Limited and £50,000 to JST Limited.

These balances are unsecured, interest free, and repayable on demand. No provisions for doubtful debts have been made as the directors consider the amounts to be fully recoverable.

14. Controlling Party

The company’s ultimate controlling party is Mr Stuart Terrace, by virtue of his direct ownership of 99.9% of the issued share capital and his ability to exercise dominant influence over the company.

There is no ultimate parent company and no group accounts are prepared.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		22,742		49,544

			22,742		49,544
CURRENT ASSETS
Stocks	5	109,300		5,000
Debtors	6	471,380		285,154
Cash at bank and in hand		240,778		241,198

		821,458		531,352
Creditors: Amounts Falling Due Within One Year	7	(218,245 )		(288,680 )

NET CURRENT ASSETS (LIABILITIES)			603,213		242,672

TOTAL ASSETS LESS CURRENT LIABILITIES			625,955		292,216

Creditors: Amounts Falling Due After More Than One Year	8		(7,541 )		(13,032 )

NET ASSETS			618,414		279,184

CAPITAL AND RESERVES
Called up share capital	10		1,001		1,001
Profit and Loss Account			617,413		278,183

SHAREHOLDERS' FUNDS			618,414		279,184