Jsr Drywall Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07387688 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2022

for

Jsr Drywall Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C A Lawrence

J S Rivett

SECRETARY:

Mrs C A Lawrence

REGISTERED OFFICE:

Unit 7, The Oaks Manston Business Park

Invicta Way

Ramsgate

Kent

CT12 5FN

REGISTERED NUMBER:

07387688 (England and Wales)

ACCOUNTANTS:

Ward Mackenzie Ltd

Chartered Accountants

Thatcher House

12 Mount Ephraim

Tunbridge Wells

Kent

TN4 8AS

FIXED ASSETS

Tangible assets

4

8,648

10,824

CURRENT ASSETS

Stocks

5

-

1,482,814

Debtors

6

40,305

2,113

Cash at bank

3,634

-

43,939

1,484,927

CREDITORS

Amounts falling due within one year

7

(11,911

)

(1,444,188

)

NET CURRENT ASSETS

32,028

40,739

TOTAL ASSETS LESS CURRENT LIABILITIES

40,676

51,563

CREDITORS

Amounts falling due after more than one year

8

(31,856

)

(37,083

)

PROVISIONS FOR LIABILITIES

(1,675

)

(1,675

)

NET ASSETS

7,145

12,805

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

10

6,945

12,605

SHAREHOLDERS' FUNDS

7,145

12,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 5 June 2023 and were signed on its behalf by:

J S Rivett - Director

1.	STATUTORY INFORMATION

Jsr Drywall 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.

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

-

15% on reducing balance

Fixtures and fittings

-

20% on cost

STOCKS

Work in progress is valued at the lower of cost and net realisable value.

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.

DEFERRED TAX

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date as this is considered to be immaterial.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 October 2021

and 30 September 2022

8,496

6,966

15,462

DEPRECIATION

At 1 October 2021

3,278

1,360

4,638

Charge for year

783

1,393

2,176

At 30 September 2022

4,061

2,753

6,814

NET BOOK VALUE

At 30 September 2022

4,435

4,213

8,648

At 30 September 2021

5,218

5,606

10,824

5.

STOCKS

2022

2021

£

£

Work-in-progress

-

1,482,814

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Amounts owed by group undertakings

38,110

-

Tax

2,113

2,113

VAT

82

-

40,305

2,113

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

8,011

31,233

Trade creditors

-

41,271

Amounts owed to group undertakings

-

368,254

Directors' current accounts

-

1,001,530

Accrued expenses

3,900

1,900

11,911

1,444,188

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans - 1-2 years

11,946

9,641

Bank loans - 2-5 years

19,910

27,442

31,856

37,083

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

200

Ordinary

£1

200

200

10.

RESERVES

Retained

earnings

£

At 1 October 2021

12,605

Deficit for the year

(5,660

)

At 30 September 2022

6,945

11.	RELATED PARTY DISCLOSURES

The Director, Mr J Rivet has a majority shareholding in this Company.

At the year end the £38,110 owed by (2021- £368,254 Owed to) Dry Construction Limited.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J S Rivett.