James Mann Construction Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06172394

James Mann Construction Limited

Filleted Unaudited Financial Statements

31 March 2025

James Mann Construction Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Balance sheet	1

Notes to the financial statements	3

James Mann Construction Limited

Balance Sheet

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		366,322		386,636

Current assets

Stocks		200,000	209,167
Debtors	7	182,168	87,433
Cash at bank and in hand		89,611	122,181
		---------	---------
		471,779	418,781

Creditors: amounts falling due within one year	8	339,634		317,593
		---------		---------
Net current assets			132,145		101,188
			---------		---------
Total assets less current liabilities			498,467		487,824

Creditors: amounts falling due after more than one year	9		118,097		142,697

Provisions

Taxation including deferred tax	30,266	34,639
	---------	---------
Net assets	350,104	310,488
	---------	---------

James Mann Construction Limited

Balance Sheet (continued)

31 March 2025

	2025		2024
Note	£	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	350,004	310,388
	---------	---------
Shareholders funds	350,104	310,488
	---------	---------

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 profit and loss account 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.

Directors' 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 directors acknowledge their 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 6 November 2025 , and are signed on behalf of the board by:

Mr J A Mann

Director

Company registration number: 06172394

James Mann Construction 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 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.

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 and in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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 buildings	-	2% straight line
Motor Vehicles	-	20% reducing balance
Equipment	-	Between 4 to 10 years straight line

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 balance sheet 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.

Defined contribution plans

Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided.

4. Other operating income

Other operating income relates to rental and storage income.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).

6. Tangible assets

	Freehold property	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	269,774	155,375	102,674	527,823
Additions	–	31,989	–	31,989
	---------	---------	---------	---------
At 31 March 2025	269,774	187,364	102,674	559,812
	---------	---------	---------	---------
Depreciation
At 1 April 2024	18,193	52,078	70,916	141,187
Charge for the year	2,896	25,826	23,581	52,303
	---------	---------	---------	---------
At 31 March 2025	21,089	77,904	94,497	193,490
	---------	---------	---------	---------
Carrying amount
At 31 March 2025	248,685	109,460	8,177	366,322
	---------	---------	---------	---------
At 31 March 2024	251,581	103,297	31,758	386,636
	---------	---------	---------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	87,323	17,391
Other debtors	94,845	70,042
	---------	--------
	182,168	87,433
	---------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	17,382	16,680
Trade creditors	160,477	122,527
Corporation tax	30,118	19,906
Social security and other taxes	40,476	56,385
Other creditors	91,181	102,095
	---------	---------
	339,634	317,593
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	99,987	118,054
Other creditors	18,110	24,643
	---------	---------
	118,097	142,697
	---------	---------

The bank loan shown in creditors is secured on the freehold property. The total loan as at the end of the year was £117,369 (2024: £134,734). Included in other creditors is a total of £24,643 (2024: £30,377) of hire purchase liabilities. These are secured on the individual assets to which they relate.

10. Directors' advances, credits and guarantees

The company had interest-free, repayable on demand loans from the directors during the year. At the beginning of the year the company owed the directors £34,433, and at the end of the year they were owed £34,433 by the company.

11. Related party transactions

During the year, the company had loans with related parties which a director has a shareholding in. At the start of the year the company was owed £39,868 by the related parties, and at the end of the year was owed £65,203. The loans are interest-free and repayable on demand. During the year sales of £16,762 (2024: £71,614) were made to the related parties. During the year, the company had loans with related parties controlled by one of the directors. At the start of the year the company was owed £20,122 by the related parties, and at the end of the year was £10,308. The loans are interest-free and repayable on demand.