Jch Building & Development's Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11923071 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Jch Building & Development's Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J C Harvey

Mrs G R Harvey

REGISTERED OFFICE:

Greyfield House

Scumbrum Lane

High Littleton

Bristol

BS39 6YH

REGISTERED NUMBER:

11923071 (England and Wales)

ACCOUNTANTS:

Norton Accountancy Ltd

7 Soundwell Road

Staple Hill

Bristol

BS16 4QG

FIXED ASSETS

Intangible assets

4

9,600

10,800

Tangible assets

5

53,795

41,384

63,395

52,184

CURRENT ASSETS

Stocks

19,436

5,730

Debtors

6

82,475

57,938

Cash at bank

24,405

7,190

126,316

70,858

CREDITORS

Amounts falling due within one year

7

110,041

92,943

NET CURRENT ASSETS/(LIABILITIES)

16,275

(22,085

)

TOTAL ASSETS LESS CURRENT LIABILITIES

79,670

30,099

CREDITORS

Amounts falling due after more than one year

8

(50,000

)

-

PROVISIONS FOR LIABILITIES

(6,527

)

(2,888

)

NET ASSETS

23,143

27,211

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

23,043

27,111

SHAREHOLDERS' FUNDS

23,143

27,211

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 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 24 November 2021 and were signed on its behalf by:

J C Harvey - Director

1.	STATUTORY INFORMATION

Jch Building & Development's 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2020

and 31 March 2021

12,000

AMORTISATION

At 1 April 2020

1,200

Charge for year

1,200

At 31 March 2021

2,400

NET BOOK VALUE

At 31 March 2021

9,600

At 31 March 2020

10,800

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2020

7,762

40,085

47,847

Additions

6,055

38,500

44,555

Disposals

-

(18,085

)

(18,085

)

At 31 March 2021

13,817

60,500

74,317

DEPRECIATION

At 1 April 2020

(3,559

)

10,022

6,463

Charge for year

8,956

9,625

18,581

Eliminated on disposal

-

(4,522

)

(4,522

)

At 31 March 2021

5,397

15,125

20,522

NET BOOK VALUE

At 31 March 2021

8,420

45,375

53,795

At 31 March 2020

11,321

30,063

41,384

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

75,835

57,938

VAT

6,640

-

82,475

57,938

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

320

2,874

Tax

10,817

17,085

Social security and other taxes

(1,244

)

6,728

VAT

-

5,429

Directors' current accounts

98,948

59,627

Accruals and deferred income

1,200

1,200

110,041

92,943

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bounce back loan

50,000

-

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Jack Harvey

Director

2021

2020

Dividends

41,300

41,400

Capital introduced

21,621

55,037

At the year end the company owed the director £76,658 (2020 - £55,037).

Georgia Harvey

Director

2021

2020

Dividends

17,700

4,600

Capital introduced

17,700

4,590

At the year end the company owed the director £22,290 (2020 - £4,590).