J.A.C Groundwork & Civil Engineering Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09895364 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2021

for

J.A.C Groundwork & Civil Engineering Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J A Cook

REGISTERED OFFICE:

108 Noak Hill Road

Billericay

Essex

CM12 9UH

REGISTERED NUMBER:

09895364 (England and Wales)

ACCOUNTANTS:

DANIEL JAMES

UNIT L

RADFORD BUSINESS CENTRE

RADFORD WAY

BILLERICAY

Essex

CM12 0BZ

FIXED ASSETS

Tangible assets

4

586,874

408,980

CURRENT ASSETS

Stocks

90,001

87,625

Debtors

5

334,983

343,971

Cash at bank

17,200

12,938

442,184

444,534

CREDITORS

Amounts falling due within one year

6

346,665

328,101

NET CURRENT ASSETS

95,519

116,433

TOTAL ASSETS LESS CURRENT LIABILITIES

682,393

525,413

CREDITORS

Amounts falling due after more than one year

7

(231,829

)

(259,055

)

PROVISIONS FOR LIABILITIES

(73,211

)

(38,589

)

NET ASSETS

377,353

227,769

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

377,253

227,669

377,353

227,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 11 March 2022 and were signed by:

J A Cook - Director

1.	STATUTORY INFORMATION

J.A.C Groundwork & Civil Engineering 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 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. 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 - 20% Reducing balance

Computer Equipment - 20% Reducing balance

Fixtures and Fittings - 20% Reducing balance

Motor Vehicles - 20% 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 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2020

629,781

Additions

325,219

At 30 November 2021

955,000

DEPRECIATION

At 1 December 2020

220,801

Charge for year

147,325

At 30 November 2021

368,126

NET BOOK VALUE

At 30 November 2021

586,874

At 30 November 2020

408,980

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

Plant and

machinery

etc

£

COST

At 1 December 2020

429,558

Additions

128,415

At 30 November 2021

557,973

DEPRECIATION

At 1 December 2020

144,561

Charge for year

82,683

At 30 November 2021

227,244

NET BOOK VALUE

At 30 November 2021

330,729

At 30 November 2020

284,997

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Trade debtors

191,951

281,343

Amounts receivable in respect of hire purchase contracts

38,701

32,456

Other debtors

104,331

30,172

334,983

343,971

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Bank loans and overdrafts

-

10,752

Hire purchase contracts

100,587

87,006

Trade creditors

164,920

155,837

Taxation and social security

6,550

7,927

Other creditors

74,608

66,579

346,665

328,101

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.21

30.11.20

£

£

Hire purchase contracts

231,829

209,055

Other creditors

-

50,000

231,829

259,055