General Information
Neil Ellis Joinery & Building Services Limited is a private company, limited by shares, registered in England and Wales, registration number 04813696, registration address The Lower Stables, Main Street, Sudbury, Ashbourne, Derbyshire, DE6 5HT.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. 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 basis:
| Land and Buildings |
4% Straight Line |
| Plant and Machinery |
15% Reducing Balance
|
| Motor Vehicles |
25% Reducing Balance
|
| Computer Equipment |
25% Reducing Balance
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2022 : 3).
|
| 3. |
Intangible fixed assets
| Cost |
Goodwill |
|
Total |
| |
£ |
|
£ |
| At 01 July 2022 |
30,000 |
|
30,000 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 30 June 2023 |
30,000 |
|
30,000 |
| Amortisation |
| At 01 July 2022 |
30,000 |
|
30,000 |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 30 June 2023 |
30,000 |
|
30,000 |
| Net book values |
| At 30 June 2023 |
- |
|
- |
| At 30 June 2022 |
- |
|
- |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Plant and Machinery |
|
Motor Vehicles |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 July 2022 |
19,528 |
|
90,553 |
|
13,250 |
|
2,348 |
|
125,679 |
| Additions |
- |
|
- |
|
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 30 June 2023 |
19,528 |
|
90,553 |
|
13,250 |
|
2,348 |
|
125,679 |
| Depreciation |
| At 01 July 2022 |
12,578 |
|
64,486 |
|
10,106 |
|
2,070 |
|
89,240 |
| Charge for year |
781 |
|
3,910 |
|
- |
|
69 |
|
4,760 |
| On disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 30 June 2023 |
13,359 |
|
68,396 |
|
10,106 |
|
2,139 |
|
94,000 |
| Net book values |
| Closing balance as at 30 June 2023 |
6,169 |
|
22,157 |
|
3,144 |
|
209 |
|
31,679 |
| Opening balance as at 01 July 2022 |
6,950 |
|
26,067 |
|
4,192 |
|
278 |
|
37,487 |
|
| 5. |
Share Capital
Authorised
1 Class A share of £1.00 each
Allotted, called up and fully paid
|
2023
£ |
|
2022
£ |
|
1
Class A share of £1.00 each |
1 |
|
1 |
|
1 |
|
1 |
|
2
|
