Registered number
09032702
JG Rattigan Ltd
Filleted Accounts
31 May 2023
JG Rattigan Ltd
Registered number: 09032702
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 9,558 15,661
Current assets
Debtors 4 35,011 35,301
Cash at bank and in hand 36,528 43,674
71,539 78,975
Creditors: amounts falling due within one year 5 (67,873) (77,134)
Net current assets 3,666 1,841
Total assets less current liabilities 13,224 17,502
Creditors: amounts falling due after more than one year 6 (13,180) (17,423)
Net assets 44 79
Capital and reserves
Called up share capital 2 2
Profit and loss account 42 77
Shareholders' funds 44 79
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs M. Rattigan
Director
Approved by the board on 27 October 2023
JG Rattigan Ltd
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 25% straight line
Plant and machinery 25% straight line
Motor vehicles 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2022 13,200 71,018 84,218
At 31 May 2023 13,200 71,018 84,218
Depreciation
At 1 June 2022 3,300 65,257 68,557
Charge for the year 3,300 2,803 6,103
At 31 May 2023 6,600 68,060 74,660
Net book value
At 31 May 2023 6,600 2,958 9,558
At 31 May 2022 9,900 5,761 15,661
4 Debtors 2023 2022
£ £
Trade debtors 5,440 2,560
CIS tax recoverable 28,812 25,417
Other debtors 759 7,324
35,011 35,301
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 9,368 9,284
Other creditors 58,505 67,850
67,873 77,134
Included in other creditors is £56,092 (2022:£63,994) owing to the directors. The loan is interest-free and there is no fixed date of repayment. The directors have confirmed that the loan will only be repaid as and when cash flow permits.
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 13,180 17,423
7 Controlling party
The company is controlled by the directors who own the entire share capital of the company.
8 Other information
JG Rattigan Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
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