NJP Building Services Ltd 31/03/2018 iXBRL

NJP Building Services Ltd 31/03/2018 iXBRL

N J P BUILDING SERVICES LTD - Company Information

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Company registration number: 07991949
NJP Building Services Ltd
Unaudited filleted financial statements
31 March 2018
NJP Building Services Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
NJP Building Services Ltd
Directors and other information
Directors Mr Nigel Jonathan Price
Company number 07991949
Registered office 113 Wallasey Road
Wallasey
Wirral
CH44 2AA
Business address 6 Redcar Road
Wallasey
Wirral
CH45 8LY
Accountants Taylor Phelan Ltd
113 Wallasey Road
Wallasey
Wirral
CH44 2AA
NJP Building Services Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of NJP Building Services Ltd
Year ended 31 March 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of NJP Building Services Ltd for the year ended 31 March 2018 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf.
Taylor Phelan Ltd
Chartered Certified Accountants
113 Wallasey Road
Wallasey
Wirral
CH44 2AA
19 December 2018
NJP Building Services Ltd
Statement of financial position
31 March 2018
2018 2017
Note £ £ £ £
Fixed assets
Tangible assets 5 8,295 738
_______ _______
8,295 738
Current assets
Debtors 6 520 7,243
Cash at bank and in hand 1,046 6
_______ _______
1,566 7,249
Creditors: amounts falling due
within one year 7 ( 9,551) ( 7,367)
_______ _______
Net current liabilities ( 7,985) ( 118)
_______ _______
Total assets less current liabilities 310 620
_______ _______
Net assets 310 620
_______ _______
Capital and reserves
Called up share capital 20 10
Profit and loss account 290 610
_______ _______
Shareholders funds 310 620
_______ _______
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.
Directors 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 directors acknowledge 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 19 December 2018 , and are signed on behalf of the board by:
Mr Nigel Jonathan Price
Director
Company registration number: 07991949
NJP Building Services Ltd
Statement of changes in equity
Year ended 31 March 2018
Called up share capital Profit and loss account Total
£ £ £
At 1 April 2016 10 289 299
Profit for the year 11,621 11,621
_______ _______ _______
Total comprehensive income for the year - 11,621 11,621
Dividends paid and payable ( 11,300) ( 11,300)
_______ _______ _______
Total investments by and distributions to owners - ( 11,300) ( 11,300)
_______ _______ _______
At 31 March 2017 and 1 April 2017 10 610 620
Profit for the year 8,830 8,830
_______ _______ _______
Total comprehensive income for the year - 8,830 8,830
Issue of shares 10 10
Dividends paid and payable ( 9,150) ( 9,150)
_______ _______ _______
Total investments by and distributions to owners 10 ( 9,150) ( 9,140)
_______ _______ _______
At 31 March 2018 20 290 310
_______ _______ _______
NJP Building Services Ltd
Notes to the financial statements
Year ended 31 March 2018
1. General information
The company is a private company limited by shares, registered in UK. The address of the registered office is 113 Wallasey Road, Wallasey, Wirral, CH44 2AA.
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 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.
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. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
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:
Fittings fixtures and equipment - 25 % reducing balance
Motor vehicles - 25 % reducing balance
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2017: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2017 789 1,700 2,489
Additions - 10,726 10,726
Disposals - ( 1,700) ( 1,700)
_______ _______ _______
At 31 March 2018 789 10,726 11,515
_______ _______ _______
Depreciation
At 1 April 2017 454 1,297 1,751
Charge for the year 84 2,682 2,766
Disposals - ( 1,297) ( 1,297)
_______ _______ _______
At 31 March 2018 538 2,682 3,220
_______ _______ _______
Carrying amount
At 31 March 2018 251 8,044 8,295
_______ _______ _______
At 31 March 2017 335 403 738
_______ _______ _______
6. Debtors
2018 2017
£ £
Trade debtors 520 2,845
Other debtors - 4,398
_______ _______
520 7,243
_______ _______
7. Creditors: amounts falling due within one year
2018 2017
£ £
Bank loans and overdrafts 6,853 1,709
Trade creditors 935 1,826
Corporation tax 404 3,022
Social security and other taxes 210 150
Other creditors 1,149 660
_______ _______
9,551 7,367
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2018
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Nigel Jonathan Price 4,398 ( 459) ( 4,398) ( 459)
_______ _______ _______ _______
2017
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Nigel Jonathan Price 3,045 1,353 - 4,398
_______ _______ _______ _______