Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-3154false2021-04-01truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05006064 2021-04-01 2022-03-31 05006064 2020-04-01 2021-03-31 05006064 2022-03-31 05006064 2021-03-31 05006064 c:Director1 2021-04-01 2022-03-31 05006064 d:CurrentFinancialInstruments 2022-03-31 05006064 d:CurrentFinancialInstruments 2021-03-31 05006064 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05006064 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 05006064 d:ShareCapital 2022-03-31 05006064 d:ShareCapital 2021-03-31 05006064 d:RetainedEarningsAccumulatedLosses 2022-03-31 05006064 d:RetainedEarningsAccumulatedLosses 2021-03-31 05006064 c:OrdinaryShareClass1 2021-04-01 2022-03-31 05006064 c:OrdinaryShareClass1 2022-03-31 05006064 c:OrdinaryShareClass1 2021-03-31 05006064 c:FRS102 2021-04-01 2022-03-31 05006064 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 05006064 c:FullAccounts 2021-04-01 2022-03-31 05006064 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 05006064 d:ShareCapitalOtherShareTypes 2022-03-31 05006064 d:ShareCapitalOtherShareTypes 2021-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05006064














GJG ENVIRONMENTAL LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

 
GJG ENVIRONMENTAL LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 4

 
GJG ENVIRONMENTAL LIMITED
REGISTERED NUMBER:05006064

BALANCE SHEET
AS AT 31 MARCH 2022

2022
2021
Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
6,996
7,560

  
6,996
7,560

Creditors: amounts falling due within one year
 5 
(64,801)
(70,642)

Net current liabilities
  
 
 
(57,805)
 
 
(63,082)

Total assets less current liabilities
  
(57,805)
(63,082)

Net liabilities
  
(57,805)
(63,082)


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(57,905)
(63,182)

  
(57,805)
(63,082)


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A P Kane
Director

Date: 2 August 2022

The notes on pages 2 to 4 form part of these financial statements.

1

 
GJG ENVIRONMENTAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

GJG Environmental Limited is a private company, limited by shares, registered in England and Wales, registration number 05006064.

The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE and the trading address is Construction House, Porters Wood, Valley Road Industrial Estate, St. Albans, Herts, AL3 6NW.

The principal activity of the company continued to be that of demolition and site clearing contractors.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors are assessing, on a daily basis, the impact of the significant uncertainty arising from the COVID-19 virus. Whilst the directors appreciate there is a significant uncertainty surrounding the future economic climate and is expecting a slowdown in revenue, they remain positive that the company will co ntinue to generate revenue when the environment returns back to normality.
Shareholder funds amounted to a net deficit of £57,805 (2021 - £63,082). The directors have considered the implications of the Insolvency Act 1986 and regard the balance sheet position as temporary only. The directors have ensured that adequate funding will be available throughout the year to meet the company's liabilities when they fall due.
For this reason, the directors continue to adopt the going concern basis of accounting in  preparing the financial statements.

 
2.3

Turnover

Turnover receivable in respect of demolition and site clearing works is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

2

 
GJG ENVIRONMENTAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure. Grants received in respect of Covid Job Retention scheme are included in other operating income.

 
2.5

Pensions

Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a seperate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in the statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held seperately from the company in independently administered funds.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.  

 
2.7

Creditors

Short term creditors are measured at the transaction price. 

 
2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other creditors. 


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2021 - 5).


4.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
6,996
7,560


3

 
GJG ENVIRONMENTAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
12,921
1,393

Amounts owed to related undertakings
41,682
58,251

Other taxation and social security
2,454
2,143

Other creditors
5,690
6,809

Accruals
2,054
2,046

64,801
70,642



6.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



100 (2021 - 100) Ordinary shares of £1 each
100
100

There is a single class of ordinary share. There are no restrictions on the distribution of dividends and the repayment of capital.



7.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £970 (2021 - £832). Contributions totalling £54 (2021 - £46) were payable to the fund at the balance sheet date.


8.


Related party transactions

At the year end included within creditors due within one year is an aggregated amount due to companies under common control £41,682 (2021 - £58,251). The loan is interest free and payable on demand.

 
4