J E Building Contractors Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10339177 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2020

for

J E Building Contractors Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J E Earl

Mrs J Earl

REGISTERED OFFICE:

Castle Farm Barn North

Denmead Road

Southwick

Fareham

Hampshire

PO17 6EX

REGISTERED NUMBER:

10339177 (England and Wales)

ACCOUNTANTS:

KT Accountants Limited

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

FIXED ASSETS

Tangible assets

4

4,874

33,665

CURRENT ASSETS

Debtors

5

56,220

102,279

Cash at bank

42,537

94,563

98,757

196,842

CREDITORS

Amounts falling due within one year

6

99,037

175,148

NET CURRENT (LIABILITIES)/ASSETS

(280

)

21,694

TOTAL ASSETS LESS CURRENT LIABILITIES

4,594

55,359

CREDITORS

Amounts falling due after more than one year

7

-

(33,582

)

PROVISIONS FOR LIABILITIES

(926

)

(6,396

)

NET ASSETS

3,668

15,381

CAPITAL AND RESERVES

Called up share capital

8

120

120

Retained earnings

3,548

15,261

SHAREHOLDERS' FUNDS

3,668

15,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 9 March 2021 and were signed on its behalf by:

J E Earl - Director

1.	STATUTORY INFORMATION

J E Building Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Taxation

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2019

64,278

Additions

2,350

Disposals

(57,199

)

At 31 August 2020

9,429

DEPRECIATION

At 1 September 2019

30,613

Charge for year

1,625

Eliminated on disposal

(27,683

)

At 31 August 2020

4,555

NET BOOK VALUE

At 31 August 2020

4,874

At 31 August 2019

33,665

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 September 2019

57,199

Disposals

(57,199

)

At 31 August 2020

-

DEPRECIATION

At 1 September 2019

27,683

Eliminated on disposal

(27,683

)

At 31 August 2020

-

NET BOOK VALUE

At 31 August 2020

-

At 31 August 2019

29,516

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Trade debtors

20,759

41,005

Amounts recoverable on contract

24,200

59,892

Other debtors

11,261

1,382

56,220

102,279

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Hire purchase contracts

-

7,563

Trade creditors

4,113

130,594

Taxation and social security

42,974

34,894

Other creditors

51,950

2,097

99,037

175,148

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.20

31.8.19

£

£

Hire purchase contracts

-

33,582

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.20

31.8.19

value:

£

£

100

Ordinary

£1

100

100

10

Ordinary A Shares

£1

10

10

10

Ordinary B Shares

£1

10

10

120

120

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2020 and 31 August 2019:

31.8.20

31.8.19

£

£

J E Earl

Balance outstanding at start of year

(147

)

(110

)

Amounts advanced

70,526

58,963

Amounts repaid

(60,500

)

(59,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,879

(147

)