John Merison (Building Maintenance Contr - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03401473 (England and Wales)

John Merison (Building Maintenance

Contractors) Limited

Unaudited Financial Statements

for the Year Ended 31 December 2018

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

J Merison

SECRETARY:

Mrs J C Merison

REGISTERED OFFICE:

2a Thornborough Road

Coalville

Leicestershire

LE67 3TH

REGISTERED NUMBER:

03401473 (England and Wales)

ACCOUNTANTS:

Haines Watts

6 Charter Point Way

Ashby Business Park

Ashby De La Zouch

Leicestershire

LE65 1NF

FIXED ASSETS

Tangible assets

5

148,228

196,815

CURRENT ASSETS

Stocks

6

187,459

170,245

Debtors

7

117,303

231,064

Cash at bank and in hand

85,599

63,800

390,361

465,109

CREDITORS

Amounts falling due within one year

8

256,020

337,248

NET CURRENT ASSETS

134,341

127,861

TOTAL ASSETS LESS CURRENT LIABILITIES

282,569

324,676

CREDITORS

Amounts falling due after more than one year

9

(2,693

)

(17,498

)

PROVISIONS FOR LIABILITIES

10

(9,951

)

(16,539

)

NET ASSETS

269,925

290,639

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

269,825

290,539

SHAREHOLDERS' FUNDS

269,925

290,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 August 2019 and were signed by:

J Merison - Director

1.	STATUTORY INFORMATION

John Merison (Building Maintenance Contractors) Limited 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.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgement,

estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from

other sources. the estimates and associated assumptions are based on historical experience and other factors

that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting

estimates are recognised in the period in which the estimate is revised where the revision affects only that

period, or in the period of revision and future periods where the revision affects both current and future periods.

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.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2017 - 30 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2018

132,811

18,627

1,849

At 31 December 2018

132,811

18,627

1,849

DEPRECIATION

At 1 January 2018

26,562

7,923

652

Charge for year

13,281

2,676

462

At 31 December 2018

39,843

10,599

1,114

NET BOOK VALUE

At 31 December 2018

92,968

8,028

735

At 31 December 2017

106,249

10,704

1,197

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2018

148,633

5,757

307,677

Additions

-

1,057

1,057

At 31 December 2018

148,633

6,814

308,734

DEPRECIATION

At 1 January 2018

73,066

2,659

110,862

Charge for year

31,522

1,703

49,644

At 31 December 2018

104,588

4,362

160,506

NET BOOK VALUE

At 31 December 2018

44,045

2,452

148,228

At 31 December 2017

75,567

3,098

196,815

6.

STOCKS

2018

2017

£

£

Stocks

10,810

9,502

Work-in-progress

176,649

160,743

187,459

170,245

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

105,177

210,313

Other debtors

12,126

20,751

117,303

231,064

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

17,805

27,896

Trade creditors

142,709

242,527

Taxation and social security

74,927

45,921

Other creditors

20,579

20,904

256,020

337,248

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

2,693

17,498

10.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

9,951

16,539

Deferred

tax

£

Balance at 1 January 2018

16,539

Provided during year

(6,588

)

Balance at 31 December 2018

9,951

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

1

100

100

12.

RESERVES

Retained

earnings

£

At 1 January 2018

290,539

Profit for the year

18,074

Dividends

(38,788

)

At 31 December 2018

269,825

13.	RELATED PARTY DISCLOSURES

During the year there were no movements of the director's loan account. The balance as at the year end was

£18,684 (2017 - £18,684). This loan is interest free and repayable on demand.