Jackson Building Contractors limited 31/03/2018 iXBRL

Jackson Building Contractors limited 31/03/2018 iXBRL

JACKSON BUILDING CONTRACTORS LIMITED - Company Information

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31/03/2018 2018-03-31 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2017-04-01 Sage Accounts Production 18.11 - FRS xbrli:pure xbrli:shares iso4217:GBP 05490903 2017-04-01 2018-03-31 05490903 2018-03-31 05490903 2017-03-31 05490903 2016-04-01 2017-03-31 05490903 2017-03-31 05490903 core:PlantMachinery 2017-04-01 2018-03-31 05490903 core:FurnitureFittingsToolsEquipment 2017-04-01 2018-03-31 05490903 bus:Director1 2017-04-01 2018-03-31 05490903 core:PlantMachinery 2017-03-31 05490903 core:FurnitureFittingsToolsEquipment 2017-03-31 05490903 core:PlantMachinery 2018-03-31 05490903 core:FurnitureFittingsToolsEquipment 2018-03-31 05490903 core:WithinOneYear 2018-03-31 05490903 core:WithinOneYear 2017-03-31 05490903 core:ShareCapital 2018-03-31 05490903 core:ShareCapital 2017-03-31 05490903 core:RetainedEarningsAccumulatedLosses 2018-03-31 05490903 core:RetainedEarningsAccumulatedLosses 2017-03-31 05490903 core:PlantMachinery 2017-03-31 05490903 core:FurnitureFittingsToolsEquipment 2017-03-31 05490903 bus:SmallEntities 2017-04-01 2018-03-31 05490903 bus:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 05490903 bus:FullAccounts 2017-04-01 2018-03-31 05490903 bus:SmallCompaniesRegimeForAccounts 2017-04-01 2018-03-31 05490903 bus:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31
Company registration number: 05490903
Jackson Building Contractors limited
Unaudited filleted financial statements
31 March 2018
Jackson Building Contractors limited
Contents
Statement of financial position
Notes to the financial statements
Jackson Building Contractors limited
Statement of financial position
31 March 2018
2018 2017
Note £ £ £ £
Fixed assets
Tangible assets 5 1,676 4,524
_______ _______
1,676 4,524
Current assets
Stocks 1,500 -
Debtors 6 40,101 47,274
Cash at bank and in hand 3,290 904
_______ _______
44,891 48,178
Creditors: amounts falling due
within one year 7 ( 57,624) ( 53,980)
_______ _______
Net current liabilities ( 12,733) ( 5,802)
_______ _______
Total assets less current liabilities ( 11,057) ( 1,278)
Provisions for liabilities ( 319) ( 860)
_______ _______
Net liabilities ( 11,376) ( 2,138)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 11,476) ( 2,238)
_______ _______
Shareholders deficit ( 11,376) ( 2,138)
_______ _______
For the year ending 31 March 2018 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 September 2018 , and are signed on behalf of the board by:
C Jackson
Director
Company registration number: 05490903
Jackson Building Contractors limited
Notes to the financial statements
Year ended 31 March 2018
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is c/o Springwell Easylet, 6 Blenheim Walk, Leeds, LS2 9AQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
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 is recognised when the service is completed and approved.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15 % reducing balance
Fittings fixtures and equipment - 15 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
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 stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Staff costs
The average number of persons employed by the company during the year amounted to 1 (2017: 1 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 April 2017 11,015 6,483 17,498
Additions 253 - 253
Disposals ( 9,816) ( 666) ( 10,482)
_______ _______ _______
At 31 March 2018 1,452 5,817 7,269
_______ _______ _______
Depreciation
At 1 April 2017 7,805 5,169 12,974
Charge for the year 191 152 343
Disposals ( 7,624) ( 100) ( 7,724)
_______ _______ _______
At 31 March 2018 372 5,221 5,593
_______ _______ _______
Carrying amount
At 31 March 2018 1,080 596 1,676
_______ _______ _______
At 31 March 2017 3,210 1,314 4,524
_______ _______ _______
6. Debtors
2018 2017
£ £
Trade debtors 19,329 17,889
Other debtors 20,772 29,385
_______ _______
40,101 47,274
_______ _______
7. Creditors: amounts falling due within one year
2018 2017
£ £
Trade creditors 727 669
Social security and other taxes 405 867
Other creditors 56,492 52,444
_______ _______
57,624 53,980
_______ _______