J.Wilson Carpentry and Roofing Contracto - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 12416750 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2023

for

J.Wilson Carpentry and Roofing

Contractors Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Wilson

REGISTERED OFFICE:

113 Penygroes Road

Blaenau

Ammanford

Carmarthenshire

SA18 3BZ

REGISTERED NUMBER:

12416750 (England and Wales)

ACCOUNTANTS:

Ashmole & Co

Chartered Certified Accountants

Castle House

High Street

Ammanford

Carmarthenshire

SA18 2NB

FIXED ASSETS

Intangible assets

4

1,215

-

Tangible assets

5

18,053

25,668

19,268

25,668

CURRENT ASSETS

Stocks

7,799

-

Debtors

5,545

3,152

Cash at bank

2,410

2,853

15,754

6,005

CREDITORS

Amounts falling due within one year

(23,567

)

(15,798

)

NET CURRENT LIABILITIES

(7,813

)

(9,793

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,455

15,875

CREDITORS

Amounts falling due after more than one year

(10,284

)

(15,501

)

NET ASSETS

1,171

374

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,071

274

1,171

374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 11th July 2023 and were signed by:

J Wilson - Director

1.	STATUTORY INFORMATION

J.Wilson Carpentry and Roofing Contractors Limited 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.

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.

Website Development costs are being amortised evenly over their estimated useful life of nil years.

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

-

25% on reducing balance

Motor vehicles

-

20% 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

Additions

1,350

At 31st March 2023

1,350

AMORTISATION

Amortisation for year

135

At 31st March 2023

135

NET BOOK VALUE

At 31st March 2023

1,215

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2022

33,818

Additions

578

Disposals

(4,100

)

At 31st March 2023

30,296

DEPRECIATION

At 1st April 2022

8,150

Charge for year

5,569

Eliminated on disposal

(1,476

)

At 31st March 2023

12,243

NET BOOK VALUE

At 31st March 2023

18,053

At 31st March 2022

25,668

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

Totals

£

COST

At 1st April 2022

and 31st March 2023

22,279

DEPRECIATION

At 1st April 2022

4,456

Charge for year

3,565

At 31st March 2023

8,021

NET BOOK VALUE

At 31st March 2023

14,258

At 31st March 2022

17,823