JONES OF USK CONSTRUCTION SERVICES LTD

JONES OF USK CONSTRUCTION SERVICES LTD

JONES OF USK CONSTRUCTION SERVICES LTD - Company Information

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JONES OF USK CONSTRUCTION SERVICES LTD

Company Registration Number:
07837363 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2021

Period of accounts

Start date: 01 December 2020

End date: 30 November 2021

JONES OF USK CONSTRUCTION SERVICES LTD

Contents of the Financial Statements

for the Period Ended 30 November 2021

Balance sheet
Notes

JONES OF USK CONSTRUCTION SERVICES LTD

Balance sheet

As at 30 November 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 471 382
Total fixed assets: 471 382
Current assets
Debtors: 4 0 1,248
Cash at bank and in hand: 27,602 22,056
Total current assets: 27,602 23,304
Creditors: amounts falling due within one year: 5 (18,013) (12,918)
Net current assets (liabilities): 9,589 10,386
Total assets less current liabilities: 10,060 10,768
Creditors: amounts falling due after more than one year: 6 (8,400) (10,600)
Total net assets (liabilities): 1,660 168
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,659 167
Shareholders funds: 1,660 168

The notes form part of these financial statements

JONES OF USK CONSTRUCTION SERVICES LTD

Balance sheet statements

For the year ending 30 November 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 August 2022
and signed on behalf of the board by:

Name: Mr G Jones
Status: Director

The notes form part of these financial statements

JONES OF USK CONSTRUCTION SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Income is recognised when work has been undertaken.

Tangible fixed assets and depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.Equipment 20% straight line

Other accounting policies

1. Taxation. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. 2. Short term debtors and creditors. Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss. 3. Cash and cash equivalents. Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. 4. Leased assets. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.

JONES OF USK CONSTRUCTION SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

2. Employees

2021 2020
Average number of employees during the period 1 1

JONES OF USK CONSTRUCTION SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

3. Tangible Assets

Total
Cost £
At 01 December 2020 1,124
Additions 392
At 30 November 2021 1,516
Depreciation
At 01 December 2020 742
Charge for year 303
At 30 November 2021 1,045
Net book value
At 30 November 2021 471
At 30 November 2020 382

JONES OF USK CONSTRUCTION SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

4. Debtors

2021 2020
££
Debtors due after more than one year: 0 0

JONES OF USK CONSTRUCTION SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

5. Creditors: amounts falling due within one year note

Bank loans and overdrafts £2,400.Corporation Tax £1,971.Other taxes and social security £2,613.Other creditors £1,679.Director's loan account £8,334.Accruals and deferred income £1,016.

JONES OF USK CONSTRUCTION SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

6. Creditors: amounts falling due after more than one year note

Bank loans due between 1-2 years £2,400.Bank loans due between 2-5 years £6,000.