A & J House Building Contractors Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06660339 (England and Wales)

A & J HOUSE BUILDING CONTRACTORS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A M Brown

J A Brown

REGISTERED OFFICE:

2 Lakeview Stables

Lower St Clere

Kemsing

Sevenoaks

Kent

TN15 6NL

REGISTERED NUMBER:

06660339 (England and Wales)

ACCOUNTANTS:

Lakeview Southern Limited

2 Lakeview Stables

Lower St Clere

Kemsing

Sevenoaks

Kent

TN15 6NL

FIXED ASSETS

Tangible assets

4

36,953

49,270

CURRENT ASSETS

Debtors

5

94,088

114,395

Cash at bank

227

177

94,315

114,572

CREDITORS

Amounts falling due within one year

6

114,168

139,839

NET CURRENT LIABILITIES

(19,853

)

(25,267

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

17,100

24,003

CREDITORS

Amounts falling due after more than one
year

7

(9,826

)

(13,507

)

PROVISIONS FOR LIABILITIES

(6,127

)

(9,361

)

NET ASSETS

1,147

1,135

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

1,047

1,035

1,147

1,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 April 2019 and were signed on its behalf by:

A M Brown - Director

1.	STATUTORY INFORMATION

A & J House 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.

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 represents revenue earned for services provided to clients. Revenue is recognised as earned when, and

to the extent that, the company obtains the right to consideration in exchange for its performance under those

contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to

clients, including recoverable expenses, but excluding value added tax. For incomplete contracts, an assessment

is made of the extent to which revenue has been earned. This assessment takes into account the nature of the

assignment, its stage of completion and relevant contract terms. Unbilled revenue is included in debtors, under

'amounts recoverable on contracts'.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.

Hire purchase and leasing commitments

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 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2017

and 31 July 2018

58,873

DEPRECIATION

At 1 August 2017

9,603

Charge for year

12,317

At 31 July 2018

21,920

NET BOOK VALUE

At 31 July 2018

36,953

At 31 July 2017

49,270

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

Trade debtors

77,623

42,972

Amounts recoverable on contract

12,243

-

Other debtors

4,222

71,423

94,088

114,395

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

Hire purchase contracts

3,681

Trade creditors

38,821

62,670

Taxation and social security

32,671

73,488

Other creditors

38,995

-

114,168

139,839

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.7.18

31.7.17

£

Hire purchase contracts

9,826

13,507

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.18

31.7.17

£

Hire purchase contracts

13,507

17,188

The assets held under the hire purchase agreements are secured under the terms of the agreements.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2018 and 31 July 2017:

31.7.18

31.7.17

£

A M Brown and J A Brown

Balance outstanding at start of year

61,778

-

Amounts advanced

-

61,778

Amounts repaid

(61,778

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

61,778