JNR Contracting Ltd - Accounts to registrar (filleted) - small 17.3

JNR CONTRACTING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M T Gibbins

D Mackie

Mrs N Robson

J S Robson

R T Storton

REGISTERED OFFICE:

Unit 56 Commerce Court

Challenge Way

Bradford

West Yorkshire

BD4 8NW

REGISTERED NUMBER:

09035664 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Tangible assets

4

254

317

CURRENT ASSETS

Stocks

49,544

-

Debtors

5

251,702

198,420

Cash at bank

113,913

27,103

415,159

225,523

CREDITORS

Amounts falling due within one year

6

329,152

182,287

NET CURRENT ASSETS

86,007

43,236

TOTAL ASSETS LESS CURRENT LIABILITIES

86,261

43,553

PROVISIONS FOR LIABILITIES

7

48

-

NET ASSETS

86,213

43,553

CAPITAL AND RESERVES

Called up share capital

8

160

160

Retained earnings

86,053

43,393

SHAREHOLDERS' FUNDS

86,213

43,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 Board of Directors on 26 February 2018 and were signed on its behalf by:

R T Storton - Director

D Mackie - Director

1.	STATUTORY INFORMATION

JNR Contracting 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 June 2016

and 31 May 2017

495

DEPRECIATION

At 1 June 2016

178

Charge for year

63

At 31 May 2017

241

NET BOOK VALUE

At 31 May 2017

254

At 31 May 2016

317

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

207,078

182,409

Other debtors

44,464

15,851

Called up share capital not paid

160

160

251,702

198,420

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade creditors

256,050

166,956

Tax

10,581

6,178

Social security and other taxes

2,979

2,605

VAT

7,924

6,148

Accrued expenses

51,618

400

329,152

182,287

7.	PROVISIONS FOR LIABILITIES

31.5.17

31.5.16

£

£

Deferred tax

48

-

Deferred

tax

£

Accelerated capital allowances

48

Balance at 31 May 2017

48

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.17

31.5.16

value:

£

£

160

Ordinary

1

160

160

9.	RELATED PARTY DISCLOSURES

The directors, acting together, hold 81.25% of the issued share capital, and therefore control the company.