Jalna Construction Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04504827 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2018

for

Jalna Construction Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R C Horner

G C Horner

REGISTERED OFFICE:

Mickleton Road

Riverside Park Industrial Estate

Middlesbrough

Cleveland

TS2 1RQ

REGISTERED NUMBER:

04504827 (England and Wales)

ACCOUNTANTS:

Wasley Chapman LLP

Chartered Accountants

7 Eggleston Court

Riverside Park

Middlesbrough

Cleveland

TS2 1RU

FIXED ASSETS

Tangible assets

4

175,892

206,036

CURRENT ASSETS

Stocks

8,750

8,750

Debtors

5

122,353

184,134

Cash at bank and in hand

350,324

216,162

481,427

409,046

CREDITORS

Amounts falling due within one year

6

160,143

135,423

NET CURRENT ASSETS

321,284

273,623

TOTAL ASSETS LESS CURRENT LIABILITIES

497,176

479,659

CREDITORS

Amounts falling due after more than one year

7

(88,232

)

(82,316

)

PROVISIONS FOR LIABILITIES

(33,419

)

(39,147

)

NET ASSETS

375,525

358,196

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

375,515

358,186

SHAREHOLDERS' FUNDS

375,525

358,196

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 February 2019 and were signed on its behalf by:

G C Horner - Director

R C Horner - Director

1.	STATUTORY INFORMATION

Jalna Construction Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2017 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2017

624,485

Additions

58,685

At 30 November 2018

683,170

DEPRECIATION

At 1 December 2017

418,449

Charge for year

88,829

At 30 November 2018

507,278

NET BOOK VALUE

At 30 November 2018

175,892

At 30 November 2017

206,036

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 December 2017

and 30 November 2018

99,849

DEPRECIATION

At 1 December 2017

24,682

Charge for year

24,962

At 30 November 2018

49,644

NET BOOK VALUE

At 30 November 2018

50,205

At 30 November 2017

75,167

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

77,994

89,935

Amounts owed by group undertakings

414

58,437

Other debtors

43,945

35,762

122,353

184,134

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

16,996

16,138

Trade creditors

104,265

58,712

Taxation and social security

26,094

33,867

Other creditors

12,788

26,706

160,143

135,423

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

13,232

30,764

Other creditors

75,000

51,552

88,232

82,316

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Jalna Services Ltd, a company registered in England and Wales. The registered

office of the company is Mickleton Road, Riverside Park Industrial Estate, Middlesbrough, Cleveland, TS2

1RQ.