Company registration number:
04406799
Howell Jones Construction Limited
Unaudited filleted financial statements
31 March 2019
Howell Jones Construction Limited
Contents
Statement of financial position
Notes to the financial statements
Howell Jones Construction Limited
Statement of financial position
31 March 2019
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2019
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2018
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Note
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£
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£
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£
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£
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Fixed assets
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Tangible assets
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5
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22,670
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32,817
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_______
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_______
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22,670
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32,817
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Current assets
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Debtors
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6
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282,169
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279,613
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_______
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_______
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282,169
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279,613
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Creditors: amounts falling due
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within one year
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7
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(
318,491)
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(
314,748)
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_______
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_______
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Net current liabilities
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(
36,322)
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(
35,135)
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_______
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_______
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Total assets less current liabilities
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(
13,652)
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(
2,318)
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Provisions for liabilities
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423
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211
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_______
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_______
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Net liabilities
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(
13,229)
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(
2,107)
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_______
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_______
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Capital and reserves
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Called up share capital
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100
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100
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Profit and loss account
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(
13,329)
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(
2,207)
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_______
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_______
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Shareholders deficit
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(
13,229)
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(
2,107)
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_______
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_______
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For the year ending 31 March 2019 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;
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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 income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
19 December 2019
, and are signed on behalf of the board by:
Mr Kevin John Jones
Director
Company registration number:
04406799
Howell Jones Construction Limited
Notes to the financial statements
Year ended 31 March 2019
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Feronia House,, Alban Court,, Aberaeron,, Ceredigion, SA46 0AW.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on the going concern basis as the directors have guaranteed to support the company for the foreseeable future.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated 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:
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Plant and machinery
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-
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15 %
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reducing balance
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Fittings fixtures and equipment
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-
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25 %
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reducing balance
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Motor vehicles
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-
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25 %
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reducing balance
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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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2018:
2
).
5.
Tangible assets
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Plant and machinery
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Fixtures, fittings and equipment
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Motor vehicles
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Total
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£
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£
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£
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£
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Cost
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At 1 April 2018
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265,663
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4,857
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20,665
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291,185
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Disposals
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(
12,750)
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-
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(
20,665)
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(
33,415)
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_______
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_______
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_______
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_______
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At 31 March 2019
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252,913
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4,857
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-
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257,770
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_______
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_______
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_______
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Depreciation
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At 1 April 2018
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236,858
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3,993
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17,517
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258,368
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Charge for the year
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3,886
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217
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-
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4,103
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Disposals
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(
9,854)
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-
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(
17,517)
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(
27,371)
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_______
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_______
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_______
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At 31 March 2019
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230,890
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4,210
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-
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235,100
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_______
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_______
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_______
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_______
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Carrying amount
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At 31 March 2019
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22,023
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647
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-
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22,670
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_______
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_______
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_______
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_______
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At 31 March 2018
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28,805
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864
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3,148
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32,817
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_______
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_______
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_______
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_______
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6.
Debtors
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2019
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2018
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£
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£
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Other debtors
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282,169
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279,613
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_______
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_______
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7.
Creditors: amounts falling due within one year
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2019
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2018
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£
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£
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Trade creditors
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2,046
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66
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Other creditors
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316,445
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314,682
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_______
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_______
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318,491
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314,748
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_______
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_______
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