Jeftex Builders Limited,Ltd - Accounts

Jeftex Builders Limited,Ltd - Accounts

JEFTEX BUILDERS LIMITED - Company Information

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2015-01-01 true false Private Limited Company 02054410 2015-12-31 02054410 2015-01-01 2015-12-31 02054410 2014-12-31 02054410 2014-01-01 2014-12-31 02054410 uk-bus:Director1 2015-01-01 2015-12-31 02054410 uk-gaap:PlantMachinery 2015-01-01 2015-12-31 02054410 uk-gaap:MotorVehicles 2015-01-01 2015-12-31 02054410 uk-gaap:FixturesFittings 2015-01-01 2015-12-31 02054410 uk-gaap:WithinOneYear 2015-12-31 02054410 uk-gaap:WithinOneYear 2014-12-31 02054410 uk-bus:AllOrdinaryShares 2015-12-31 02054410 uk-bus:Director1 2015-12-31 iso4217:GBP
Jeftex Builders Limited
For the year ended 31 December 2015
Unaudited Abbreviated Financial Statements
England and Wales
Registered Number: 02054410
2
Contents Page
Jeftex Builders Limited
For the year ended 31 December 2015
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Jeftex Builders Limited
As at 31 December 2015
02054410
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
1,857
1,852
1,857
1,852
Current assets
Stocks
-
278,061
Debtors
551,294
23,957
Cash at bank and in hand
48,326
115
350,344
551,409
Creditors: amounts falling due within one year
3
(397,547)
(213,719)
153,862
136,625
Net current assets
Total assets less current liabilities
138,482
155,714
138,482
Net assets
155,714
Capital and reserves
Called up share capital
1
4
1
Reserves
1
1
Profit and loss account
138,480
155,712
138,482
155,714
Shareholders funds
For the year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 12 August 2016
D Siwoku Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
Jeftex Builders Limited
For the year ended 31 December 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
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:
Plant and Machinery
25% Reducing balance
Motor Vehicles
25% Reducing balance
Fixtures and Fittings
15% Reducing balance
Stocks and work in progress
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 includes all direct costs and an appropriate proportion of fixed and variable overheads.
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5
Notes to the Abbreviated Financial Statements
Jeftex Builders Limited
For the year ended 31 December 2015
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
7,651
At 01 January 2015
476
Additions
At 31 December 2015
8,127
Depreciation
5,799
At 01 January 2015
471
Charge for year
6,270
At 31 December 2015
Net book values
At 31 December 2015
1,857
1,852
At 31 December 2014
2015
3 Creditors: amounts falling due within one year
£
£
2014
120,000
215,900
Bank loans and overdrafts (secured)
4 Share capital
Allotted called up and fully paid
2015
2014
£
£
1 Ordinary share of £1.00 each
1
1
1
1
5 Loan to Directors
At 01/01/2015
Loaned
Repaid
At 31/12/2015
Interest
£
£
£
£
£
D Siwoku
Overdrawn Directors' Loan
(9,618)
200,105
175,925
14,562
-
(9,618)
200,105
175,925
14,562
-
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