JDR Brickwork LTD Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 07752627

JDR Brickwork LTD

Filleted Unaudited Financial Statements

31 August 2021

JDR Brickwork LTD

Statement of Financial Position

31 August 2021

	2021		2020
Note	£	£	£

Fixed assets

Tangible assets	5		3,826	5,098

Current assets

Debtors	6	26,326	24,780
Cash at bank and in hand		19,965	26,335
		--------	--------
		46,291	51,115

Creditors: amounts falling due within one year	7	6,131		8,768
		--------		--------
Net current assets			40,160	42,347
			--------	--------
Total assets less current liabilities			43,986	47,445
			--------	--------

Capital and reserves

Called up share capital	10	10
Profit and loss account	43,976	47,435
	--------	--------
Shareholders funds	43,986	47,445
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 20 October 2021 , and are signed on behalf of the board by:

Mr J D Routledge
Director

Company registration number: 07752627

JDR Brickwork LTD

Notes to the Financial Statements

Year ended 31 August 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The White House, Denchworth Road, Grove, OX12 0AR, Oxon.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	25% reducing balance
Motor Vehicles	-	25% reducing balance
Office Equipment	-	25% reducing balance

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2020: 2 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 September 2020 and 31 August 2021	1,993	18,250	1,509	21,752
	-------	--------	-------	--------
Depreciation
At 1 September 2020	1,460	13,919	1,275	16,654
Charge for the year	132	1,083	57	1,272
	-------	--------	-------	--------
At 31 August 2021	1,592	15,002	1,332	17,926
	-------	--------	-------	--------
Carrying amount
At 31 August 2021	401	3,248	177	3,826
	-------	--------	-------	--------
At 31 August 2020	533	4,331	234	5,098
	-------	--------	-------	--------

6. Debtors

	2021	2020
	£	£
Other debtors	26,326	24,780
	--------	--------

7. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	–	293
Corporation tax	5,353	8,336
Social security and other taxes	778	139
	-------	-------
	6,131	8,768
	-------	-------

8. Government grants

The amounts recognised in the financial statements for government grants are as follows:

	2021	2020
	£	£

Recognised in other operating income:

Government grants recognised directly in income	849	5,284
	----	-------

9. Director's advances, credits and guarantees

At the beginning of the year the director owed the company £24,386 which was repaid in full on 25 October 2020. Additional net loan advances totalling £25,601 were made during the period and were still outstanding at the year end. Interest was charged on the average balance outstanding. The maximum amount outstanding during the year was £29,352.

10. Related party transactions

The company was under the control of Mr J D Routledge throughout the current and previous period. Mr Routledge is the managing director and majority shareholder.