Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01No description of principal activityfalse22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC377698 2022-04-01 2023-03-31 SC377698 2021-04-01 2022-03-31 SC377698 2023-03-31 SC377698 2022-03-31 SC377698 c:CompanySecretary1 2022-04-01 2023-03-31 SC377698 c:Director1 2022-04-01 2023-03-31 SC377698 c:Director2 2022-04-01 2023-03-31 SC377698 c:RegisteredOffice 2022-04-01 2023-03-31 SC377698 d:Buildings 2022-04-01 2023-03-31 SC377698 d:Buildings 2023-03-31 SC377698 d:Buildings 2022-03-31 SC377698 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC377698 d:PlantMachinery 2022-04-01 2023-03-31 SC377698 d:PlantMachinery 2023-03-31 SC377698 d:PlantMachinery 2022-03-31 SC377698 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC377698 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC377698 d:CurrentFinancialInstruments 2023-03-31 SC377698 d:CurrentFinancialInstruments 2022-03-31 SC377698 d:Non-currentFinancialInstruments 2023-03-31 SC377698 d:Non-currentFinancialInstruments 2022-03-31 SC377698 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC377698 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 SC377698 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC377698 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 SC377698 d:ShareCapital 2023-03-31 SC377698 d:ShareCapital 2022-03-31 SC377698 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC377698 d:RetainedEarningsAccumulatedLosses 2022-03-31 SC377698 c:OrdinaryShareClass1 2022-04-01 2023-03-31 SC377698 c:OrdinaryShareClass1 2023-03-31 SC377698 c:OrdinaryShareClass1 2022-03-31 SC377698 c:FRS102 2022-04-01 2023-03-31 SC377698 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC377698 c:FullAccounts 2022-04-01 2023-03-31 SC377698 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC377698










J & G ENERGY LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
J & G ENERGY LTD
 

COMPANY INFORMATION


DIRECTORS
Mr W G Henderson 
Mrs J E Henderson 




COMPANY SECRETARY
Mrs J E Henderson



REGISTERED NUMBER
SC377698



REGISTERED OFFICE
Strathview
Yonderton

Hatton

Peterhead

Aberdeenshire

AB42 0QS




ACCOUNTANTS
EQ Accountants LLP
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
J & G ENERGY LTD
REGISTERED NUMBER: SC377698

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
27,081
31,514

  
27,081
31,514

Current assets
  

Stocks
  
6,720
1,290

Debtors: amounts falling due within one year
 5 
2,860
6,170

Cash at bank and in hand
  
4,013
-

  
13,593
7,460

Creditors: amounts falling due within one year
 6 
(52,803)
(43,453)

Net current liabilities
  
 
 
(39,210)
 
 
(35,993)

Total assets less current liabilities
  
(12,129)
(4,479)

Creditors: amounts falling due after more than one year
  
(12,108)
-

  

Net liabilities
  
(24,237)
(4,479)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(24,337)
(4,579)

  
(24,237)
(4,479)

Page 1

 
J & G ENERGY LTD
REGISTERED NUMBER: SC377698

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

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 statement of income and retained earnings 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 on 13 October 2023.




Mrs J E Henderson
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
J & G ENERGY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


GENERAL INFORMATION

J & G Energy Ltd is a private company, limited by shares, incorporated in Scotland with registration number SC377698. The registered office is Strathview, Yonderton, Hatton, Peterhead, Aberdeenshire, AB42 0QS.
The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

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 following principal accounting policies have been applied:

 
2.2

REVENUE

Revenue 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. Revenue 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
J & G ENERGY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.

Depreciation is provided on the following basis:

Freehold property
-
10%
straight line
Plant and machinery
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
J & G ENERGY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


TANGIBLE FIXED ASSETS





Freehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 April 2022
14,909
51,216
66,125



At 31 March 2023

14,909
51,216
66,125



Depreciation


At 1 April 2022
2,985
31,626
34,611


Charge for the year on owned assets
1,494
2,939
4,433



At 31 March 2023

4,479
34,565
39,044



Net book value



At 31 March 2023
10,430
16,651
27,081



At 31 March 2022
11,924
19,590
31,514


5.


DEBTORS

2023
2022
£
£


Trade debtors
2,468
5,170

Other debtors
392
1,000

2,860
6,170



6.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Bank overdraft
-
3,664

Trade creditors
12,522
508

Other creditors
39,331
38,331

Accruals and deferred income
950
950

52,803
43,453


Page 5

 
J & G ENERGY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


CREDITORS: Amounts falling due after more than one year

2023
2022
£
£

Trade creditors
12,108
-

12,108
-


Page 6

 
J & G ENERGY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


SHARE CAPITAL

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



Page 7