NJN Construction Limited
NJN Construction Limited
Registered number: 05302146
Unaudited Financial Statements
For The Year Ended 31 March 2017
NJN Construction Limited
Unaudited Financial Statements
For The Year Ended 31 March 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Statement of Changes in Equity | 3 |
| Notes to the Financial Statements | 4—6 |
NJN Construction Limited
Balance Sheet
As at
31 March 2017
Balance Sheet
Registered number:
05302146
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2017 | 2016 | ||||
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Stocks | 4 |
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| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and loss account |
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| SHAREHOLDERS' FUNDS | 148 | 122 | |||
Page 1
NJN Construction Limited
Balance Sheet (continued)
As at
31 March 2017
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account
On behalf of the board
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The notes on pages 4 to 6 form part of these financial statements.
Page 2
NJN Construction Limited
Statement of Changes in Equity
For The Year Ended 31 March 2017
Statement of Changes in Equity
| Share Capital | Profit & Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 April 2015 |
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( |
(1,813) |
| Profit for the year and total comprehensive income | - |
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1,935 |
| As at 31 March 2016 and 1 April 2016 |
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122 |
| Profit for the year and total comprehensive income | - |
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26 |
| As at |
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148 |
Page 3
NJN Construction Limited
Notes to the Unaudited Accounts
For The Year Ended 31 March 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.4.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
2.
Average number of employees
Average number of employees, including directors, during the year was as follows:
| 2017 | 2016 | ||
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| Office and administration |
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| Sales, marketing and distribution |
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4.
Stocks
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Stock - materials and work in progress | 300,277 | - | |
| Stock - finished goods |
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Page 4
NJN Construction Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 March 2017
5.
Debtors
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors |
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| VAT |
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6.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
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| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| Accruals and deferred income |
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| Amounts owed to related parties |
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Page 5
NJN Construction Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 March 2017
8.
Related Party Transactions
Brooke Hall Properties Limited
Mr J Agace and Mr N Francis are directors
The company provided building services of £820,500 (2016 £1,412,500 ). The amount outstanding at 31 March 2017 was £nil (2016 : £18,291 ).
JP Property Holdings Limited
Mr J Agace and Mr N Francis are directors.
The company provided building services of £34,000 (2016: £81,686). The amount outstanding at 31 March 2017 was £11,095 (2016: £nil).
Mr N Francis
During the year the company received project management and consultancy services from Mr Francis at a cost of £7,500 (2016: £15,000).
Panorama Property Services Limited
Mr J Agace is a director
The company received building services from this company at a cost of £25,294 ( 2016: £87,858). The amount outstanding at 31 March 2017 was £133 ( 2016 : £9,601).
Countryside Provence Limited
Mr J Agace is a director.
The company received project management and consultancy services from this company at a cost of £128,000 ( 2016 : £12,000)
Panorama Property Developments Limited.
Mr J Agace and Mr N Francis are directors
The company provided building services of £68,000 (2016 £nil ). The amount outstanding at 31 March 2017 was £14,700 (2016 : £nil ). The company received project management and consultancy services from this company at a cost of £8,000 ( 2016: £nil).
Panorama Property Developments Limited made a loan to the company of £807,000 (2016 £50,000) . The amount outstanding at 31st March 2017 was £857,000.The loan is unsecured, interest free and repayable on demand.
9.
General Information
NJN Construction Limited Registered number 05302146 is a limited by shares company incorporated in England & Wales. The Registered Office is Harboury, Linchmere Ridge, Haslemere, Surrey, GU27 3PS.
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