Accounts filed on 31-07-2022

			Company registration number:08095983
		J OLIVER CONTRACTORS LTD
			FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 July 2022

J OLIVER CONTRACTORS LTD
BALANCE SHEET
AS AT 31 July 2022
					2022				2021
				Notes	£		£		£		£
FIXED ASSETS
Tangible assets				3			39,670				25,756
							39,670				25,756
CURRENT ASSETS
Stocks					12,890				47,100
Debtors				4	14,282				6,964
Cash at bank and in hand					41,713				20,942
					68,885				75,006
CREDITORS
Amounts falling due within one year				5	(8,425)				(10,354)
NET CURRENT ASSETS							60,460				64,652
TOTAL ASSETS LESS
CURRENT LIABILITIES							100,130				90,408
Creditors falling due after one year				6			(89,192)				(83,404)
NET ASSETS							10,938				7,004
CAPITAL AND RESERVES
Called-up equity share capital				7			100				100
Profit and loss account							10,838				6,904
SHAREHOLDERS FUNDS							10,938				7,004
For the year ending 31 July 2022 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 24 April 2023 and signed on its behalf.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
..........................................................................
Joshua Oliver
24 April 2023
The annexed notes form part of these financial statements.

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J OLIVER CONTRACTORS LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2022
				Share	Share	P and L	Revaluation	Other	Total
				Capital	Premium	Account	reserve	reserves	equity
				£	£	£	£	£	£
Balance at 1 August 2020				100	0	3,594	0	0	3,694
Changes in equity
Dividend				0	0	(2,000)	0	0	(2,000)
Total Comprehensive Income				0	0	5,310	0	0	5,310
Balance at 31 July 2021				100	0	6,904	0	0	7,004
Changes in equity
Dividend				0	0	(15,000)	0	0	(15,000)
Total comprehensive income				0	0	18,934	0	0	18,934
Balance at 31 July 2022				100	0	10,838	0	0	10,938

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J OLIVER CONTRACTORS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

1.

Accounting policies

Statutory information

J Oliver Contractors Ltd is a private company, limited by shares, registered in England and Wales. The presentation currency of the financial statements is the £ sterling.

Statement of compliance

These financial statements have been prepared in accordance with the provisions of Section 1A 'Small entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There were no material departures from the standard.

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Fixed Assets

Tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and Machinery - 15% reducing balance basis

Motor Vehicles - 25% reducing balance basis

Stocks and Work In Progress

Profit on long term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.

Leasing

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.

Employees

The average number of persons employed by the company (including directors) during the year was 2.

3.	Tangible fixed assets
				Plant	Motor	Total
	Cost
	At start of period			18,527	39,153	57,680
	Additions			23,314	0	23,314
	At end of period			41,841	39,153	80,994
	Depreciation
	At start of period			13,156	18,768	31,924
	Provided during the period			4,303	5,096	9,399
	At end of period			17,459	23,864	41,323
	Net Book Value
	At start of period			5,371	20,385	25,756
	At end of period			24,381	15,289	39,670

4.	Debtors
					2022	2021
					£	£
	Due within one year
	Other Debtors				14,282	6,964
					14,282	6,964

5.	Creditors due within one year
					2022	2021
					£	£
	Trade creditors				(111)	5,746
	Corporation Tax				626	0
	Other taxes and social security costs				1,255	1,107
	Other creditors				1,057	83
	Accruals and deferred income				4,496	1,750
	Loan from directors				1,102	1,668
					8,425	10,354
6.	Creditors due after one year
					2022	2021
					£	£
	Bank Loans				44,343	49,438
	Obligations under finance leases				42,849	31,966
	Other creditors				2,000	2,000
					89,192	83,404

7.	Share capital				Alloted, Issued and fully paid
					2022	2021
					£	£
	Ordinary shares of £1 each				100	100
	Total issued share capital				100	100