Jaques Construction Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04047846 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

JAQUES CONSTRUCTION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D J Jaques

SECRETARY:

Mrs E K E Jaques

REGISTERED OFFICE:

Jaques Construction Limited

Unit 2 Copse Farm

Moorhurst Lane

Holmwood

Surrey

RH5 4EJ

REGISTERED NUMBER:

04047846 (England and Wales)

ACCOUNTANTS:

Ellis Atkins

Chartered Accountants

The Atrium Business Centre

Curtis Road

Dorking

Surrey

RH4 1XA

FIXED ASSETS

Tangible assets

4

74,914

60,780

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

5

239,445

196,904

Cash at bank and in hand

207,161

36,518

447,606

234,422

CREDITORS

Amounts falling due within one year

6

320,435

162,138

NET CURRENT ASSETS

127,171

72,284

TOTAL ASSETS LESS CURRENT LIABILITIES

202,085

133,064

CREDITORS

Amounts falling due after more than one year

7

(41,667

)

-

PROVISIONS FOR LIABILITIES

(14,053

)

(11,399

)

NET ASSETS

146,365

121,665

CAPITAL AND RESERVES

Called up share capital

26

26

Retained earnings

146,339

121,639

SHAREHOLDERS' FUNDS

146,365

121,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 December 2021 and were signed by:

D J Jaques - Director

1.	STATUTORY INFORMATION

Jaques 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 represents the net invoiced sale of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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

-

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 Statement of Income and Retained Earnings, 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2020 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

176,110

Additions

43,512

Disposals

(1,646

)

At 31 March 2021

217,976

DEPRECIATION

At 1 April 2020

115,330

Charge for year

29,378

Eliminated on disposal

(1,646

)

At 31 March 2021

143,062

NET BOOK VALUE

At 31 March 2021

74,914

At 31 March 2020

60,780

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

Plant and

machinery

etc

£

COST

At 1 April 2020

45,950

Transfer to ownership

(45,950

)

At 31 March 2021

-

DEPRECIATION

At 1 April 2020

45,950

Transfer to ownership

(45,950

)

At 31 March 2021

-

NET BOOK VALUE

At 31 March 2021

-

At 31 March 2020

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/21

31/3/20

£

£

Trade debtors

104,778

-

Amounts recoverable on contract

42,367

113,770

Other debtors

92,300

83,134

239,445

196,904

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/21

31/3/20

£

£

Bank loans and overdrafts

8,333

-

Trade creditors

221,194

108,079

Taxation and social security

60,771

48,051

Other creditors

30,137

6,008

320,435

162,138

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/21

31/3/20

£

£

Bank loans

41,667

-

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2021 and 31 March 2020:

31/3/21

31/3/20

£

£

D J Jaques

Balance outstanding at start of year

40,407

9,407

Amounts advanced

485

50,000

Amounts repaid

(21,000

)

(19,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

19,892

40,407