James Black Restorations Ltd Filleted accounts for Companies House (small and micro)

James Black Restorations Ltd Filleted accounts for Companies House (small and micro)

JAMES BLACK RESTORATIONS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: NI602481
JAMES BLACK RESTORATIONS LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 April 2023
JAMES BLACK RESTORATIONS LTD
FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2023
CONTENTS
PAGE
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
4
JAMES BLACK RESTORATIONS LTD
CHARTERED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JAMES BLACK RESTORATIONS LTD
YEAR ENDED 30 APRIL 2023
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 30 April 2023, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
HENRY MURRAY & COMPANY LTD. Chartered Accountants
23 Church Place, Lurgan, Co. Armagh. N. Ireland BT66 6EY
24 November 2023
JAMES BLACK RESTORATIONS LTD
STATEMENT OF FINANCIAL POSITION
30 April 2023
2023
2022
Note
£
£
£
CURRENT ASSETS
Stocks
–
22,000
Debtors
4
–
6,882
Cash at bank and in hand
35,099
2,126
--------
--------
35,099
31,008
CREDITORS: amounts falling due within one year
5
104,309
99,352
---------
--------
NET CURRENT LIABILITIES
69,210
68,344
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 69,210)
( 68,344)
--------
--------
NET LIABILITIES
( 69,210)
( 68,344)
--------
--------
CAPITAL AND RESERVES
Called up share capital
7
1
1
Profit and loss account
( 69,211)
( 68,345)
--------
--------
SHAREHOLDERS DEFICIT
( 69,210)
( 68,344)
--------
--------
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 30 April 2023 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 .
JAMES BLACK RESTORATIONS LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 April 2023
These financial statements were approved by the board of directors and authorised for issue on 24 November 2023 , and are signed on behalf of the board by:
Mr J Black
Director
Company registration number: NI602481
JAMES BLACK RESTORATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 2B Old Road, Ballinderry Upper, Lisburn, BT28 2NJ.
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. DEBTORS
2023
2022
£
£
Trade debtors
–
6,000
Other debtors
–
882
----
-------
–
6,882
----
-------
5. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
10,572
7,781
Social security and other taxes
4,400
–
Other creditors
89,337
91,571
---------
--------
104,309
99,352
---------
--------
6. DEFERRED TAX
There is no provision for deferred tax because the timing differences are less than the available losses.
7. CALLED UP SHARE CAPITAL
Authorised share capital
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
8. RELATED PARTY TRANSACTIONS
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.