Jeftex Builders Limited,Ltd - AccountsLtd - Accounts

Jeftex Builders Limited,Ltd - AccountsLtd - Accounts

JEFTEX BUILDERS LIMITED - Company Information

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2018-01-01 02054410 2018-12-31 02054410 2018-01-01 2018-12-31 02054410 2017-12-31 02054410 2017-01-01 2017-12-31 02054410 uk-core:WithinOneYear 2017-12-31 02054410 uk-core:WithinOneYear 2018-12-31 02054410 uk-core:AfterOneYear 2017-12-31 02054410 uk-core:AfterOneYear 2018-12-31 02054410 uk-core:ShareCapital 2018-12-31 02054410 uk-core:ShareCapital 2017-12-31 02054410 uk-core:RetainedEarningsAccumulatedLosses 2018-12-31 02054410 uk-core:RetainedEarningsAccumulatedLosses 2017-12-31 02054410 uk-core:OtherMiscellaneousReserve 2018-12-31 02054410 uk-bus:Director1 2018-01-01 2018-12-31 02054410 uk-core:PlantMachinery 2018-01-01 2018-12-31 02054410 uk-core:MotorVehicles 2018-01-01 2018-12-31 02054410 uk-core:FurnitureFittings 2018-01-01 2018-12-31 02054410 uk-core:FurnitureFittings 2017-12-31 02054410 uk-core:MotorVehicles 2017-12-31 02054410 uk-core:PlantMachinery 2017-12-31 02054410 uk-core:PlantMachinery 2018-12-31 02054410 uk-core:MotorVehicles 2018-12-31 02054410 uk-core:FurnitureFittings 2018-12-31 02054410 2 uk-bus:Director1 2018-01-01 2018-12-31 02054410 2 uk-bus:Director1 2018-12-31 02054410 2 uk-bus:Director1 2017-12-31 iso4217:GBP xbrli:pure 02054410 uk-bus:AuditExemptWithAccountantsReport 2018-01-01 2018-12-31 02054410 uk-bus:FRS102 2018-01-01 2018-12-31 02054410 uk-bus:FullAccounts 2018-01-01 2018-12-31 02054410 uk-bus:PrivateLimitedCompanyLtd 2018-01-01 2018-12-31
Jeftex Builders Limited
Registered Number:02054410
For the year ended 31 December 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2018
Jeftex Builders Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 31 December 2018
Jeftex Builders Limited
Statement of Financial Position
Registered Number :
02054410
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
1,912
22,688
2
1,912
22,688
Current assets
Inventories
210,527
-
Trade and other receivables
129,797
338,776
3
44,516
Cash and cash equivalents
283
339,059
384,840
Trade and other payables: amounts falling due within one year
(155,465)
(114,471)
4
229,375
224,588
Net current assets
Total assets less current liabilities
226,500
252,063
Trade and other payables: amounts falling due after more than
one year
(15,611)
-
(400)
(4,300)
Provisions for liabilities
226,100
Net assets
232,152
Capital and reserves
Called up share capital
1
1
Retained earnings
226,098
232,150
Other reserves
1
1
226,100
232,152
Shareholders' funds
For the year ended 31 December 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
For the year ended 31 December 2018
Jeftex Builders Limited
Statement of Financial Position Continued
D Siwoku Director
These financial statements were approved and authorised for issue by the Board on 24 September 2019 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 December 2018
Jeftex Builders Limited
Notes to the Financial Statements
Statutory Information
Jeftex Builders Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
02054410.
Registered address:
c/o de Longa & Company
Ffordd Celyn
Lon Parcwr Business Park
Ruthin
LL15 1NJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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6
For the year ended 31 December 2018
Jeftex Builders Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 January 2018
34,007
4,050
26,973
2,984
-
(26,973)
-
Disposals
(26,973)
At 31 December 2018
2,984
-
4,050
7,034
Provision for depreciation and impairment
At 01 January 2018
11,319
3,371
6,743
1,205
Charge for year
546
102
-
444
(6,743)
-
(6,743)
-
On disposal
At 31 December 2018
5,122
3,473
-
1,649
At 31 December 2018
Net book value
1,335
-
577
1,912
At 31 December 2017
1,779
20,230
679
22,688
3. Trade and other receivables
2017
2018
£
£
Amounts owed by group undertakings and participating interests
1,702
1,702
Amounts owed by directors
337,074
116,700
Taxation and social security
-
11,312
Other debtors
-
83
129,797
338,776
4. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
10,433
50,142
Taxation and social security
41,364
35,183
Accruals and deferred income
3,870
7,685
Obligations under HP/Financial leases
-
6,691
Other creditors
58,804
55,764
114,471
155,465
5. Related party transactions
The company's pension scheme, as referred to at note 7, is the Finishing School Retirement Benefit Scheme.
The balance on loan due to the scheme at 31 December 2018 was £55,644 (2017 £55,644).
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7
For the year ended 31 December 2018
Jeftex Builders Limited
Notes to the Financial Statements Continued
6. Directors advances and guarantees
At 01/01/2018
Loaned
Repaid
At 31/12/2018
£
£
£
£
D Siwoku
Overdrawn Directors' Loan
337,074
116,700
544,463
324,089
337,074
116,700
544,463
324,089
7. Guarantees and other financial commitments
The company operates a defined contribution pension scheme for its directors and senior employees. The assets of the
scheme are held separately from those of the company in an independently administered fund.
Pension commitments
8. Average number of persons employed
During the year the average number of employees was 2 (2017 : 2)
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