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REGISTERED NUMBER: 11388697 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 May 2023

for

G & J Associates Limited

G & J Associates Limited (Registered number: 11388697)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G & J Associates Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: J Clayton
G J Kenton





REGISTERED OFFICE: 5 Peabody Road
Farnborough
United Kingdom
Hampshire
GU14 6HB





REGISTERED NUMBER: 11388697 (England and Wales)





ACCOUNTANTS: Gilroy & Brookes Accountants Ltd
Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH

G & J Associates Limited (Registered number: 11388697)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 3 79,000 86,603

CURRENT ASSETS
Debtors 4 - 1,206

CREDITORS
Amounts falling due within one year 5 (52,675 ) (50,598 )
NET CURRENT LIABILITIES (52,675 ) (49,392 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,325

37,211

PROVISIONS FOR LIABILITIES (10,679 ) (9,235 )
NET ASSETS 15,646 27,976

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 15,644 27,974
SHAREHOLDERS' FUNDS 15,646 27,976

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

G & J Associates Limited (Registered number: 11388697)

Balance Sheet - continued
31 May 2023


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

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 and authorised for issue on 7 November 2023 and were signed on its behalf by:





J Clayton - Director


G & J Associates Limited (Registered number: 11388697)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. 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 as modified by the revaluation of certain assets.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

3. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 June 2022 86,603
Revaluations (7,603 )
At 31 May 2023 79,000
NET BOOK VALUE
At 31 May 2023 79,000
At 31 May 2022 86,603

G & J Associates Limited (Registered number: 11388697)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

3. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 May 2023 is represented by:

Freehold
property
£   
Valuation in 2020 14,603
Valuation in 2021 15,108
Valuation in 2022 18,892
Valuation in 2023 (7,603 )
Cost 38,000
79,000

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,206

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 51,954 49,422
Accruals and deferred income 721 1,176
52,675 50,598

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary Shares £1 2 2

7. ULTIMATE CONTROLLING PARTY

The company were under the control of J Clayton & G J Kenton throughout the period.