Company Registration No. 06501979 (England and Wales)
Jagger Construction Services Limited
Unaudited
Financial Statements
for the year ended 30 September 2019
PAGES FOR FILING WITH REGISTRAR
Jagger Construction Services Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
Jagger Construction Services Limited
Balance sheet
as at 30 September 2019
- 1 -
2019
2018
Notes
£
£
£
£
Fixed assets
Intangible assets
2
45,000
50,000
Current assets
Stocks
268,451
413,750
Debtors
3
758,304
722,652
1,026,755
1,136,402
Creditors: amounts falling due within one year
4
(539,893)
(680,812)
Net current assets
486,862
455,590
Total assets less current liabilities
531,862
505,590
Creditors: amounts falling due after more than one year
5
(37,940)
(44,770)
Net assets
493,922
460,820
Capital and reserves
Called up share capital
6
1,000
1,000
Profit and loss reserves
492,922
459,820
Total equity
493,922
460,820
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Jagger Construction Services Limited
Balance sheet (continued)
as at 30 September 2019
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 10 June 2020 and are signed on its behalf by:
M Jagger
Director
Company Registration No. 06501979
Jagger Construction Services Limited
Notes to the financial statements
for the year ended 30 September 2019
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
Turnover
Turnover
represents
the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT
. Turnover is recognised upon the provision of goods and services.
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated
amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Jagger Construction Services Limited
Notes to the financial statements (continued)
for the year ended 30 September 2019
- 4 -
2
Intangible fixed assets
Goodwill
£
Cost
At 1 October 2018 and 30 September 2019
100,000
Amortisation and impairment
At 1 October 2018
50,000
Amortisation charged for the year
5,000
At 30 September 2019
55,000
Carrying amount
At 30 September 2019
45,000
At 30 September 2018
50,000
3
Debtors
2019
2018
Amounts falling due within one year:
£
£
Trade debtors
627,696
608,044
Other debtors
130,608
114,608
758,304
722,652
4
Creditors: amounts falling due within one year
2019
2018
£
£
Bank loans and overdrafts
165,905
95,151
Trade creditors
285,633
485,206
Corporation tax
7,765
9,130
Other taxation and social security
75,032
85,194
Other creditors
555
1,025
Accruals and deferred income
5,003
5,106
539,893
680,812
5
Creditors: amounts falling due after more than one year
2019
2018
£
£
Directors' loan accounts
37,940
44,770
Jagger Construction Services Limited
Notes to the financial statements (continued)
for the year ended 30 September 2019
- 5 -
6
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
7
Company information
Jagger Construction Services Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Unit 12, Station Road Industrial Park, Luddendenfoot, Halifax, West Yorkshire, HX2 6AD.