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 2021

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

5 Bobbies Bank

Whitby

North Yorkshire

YO21 1EF

FIXED ASSETS

Tangible assets

4

329,036

279,578

CURRENT ASSETS

Stocks

8,750

8,750

Debtors

5

208,551

94,493

Cash at bank and in hand

162,265

220,393

379,566

323,636

CREDITORS

Amounts falling due within one year

6

116,866

83,042

NET CURRENT ASSETS

262,700

240,594

TOTAL ASSETS LESS CURRENT LIABILITIES

591,736

520,172

CREDITORS

Amounts falling due after more than one year

7

45,330

50,000

NET ASSETS

546,406

470,172

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

546,396

470,162

SHAREHOLDERS' FUNDS

546,406

470,172

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 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 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 Board of Directors and authorised for issue on 17 January 2022 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 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 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.

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 10 (2020 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2020

939,143

Additions

97,634

Disposals

(62,255

)

At 30 November 2021

974,522

DEPRECIATION

At 1 December 2020

659,565

Charge for year

45,119

Eliminated on disposal

(59,198

)

At 30 November 2021

645,486

NET BOOK VALUE

At 30 November 2021

329,036

At 30 November 2020

279,578

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

and 30 November 2021

99,849

DEPRECIATION

At 1 December 2020

and 30 November 2021

69,614

NET BOOK VALUE

At 30 November 2021

30,235

At 30 November 2020

30,235

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

79,423

16,978

Amounts owed by group undertakings

111,734

70,290

Other debtors

17,394

7,225

208,551

94,493

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Hire purchase contracts

-

2,256

Trade creditors

79,790

23,952

Taxation and social security

2,160

21,832

Other creditors

34,916

35,002

116,866

83,042

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

45,330

50,000

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.