Relate AccountsProduction v2.7.2 v2.7.2 2022-05-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is in the provision of hairdressing 23 November 2023 NI064403 2023-03-31 NI064403 2022-04-30 NI064403 2021-04-30 NI064403 2022-05-01 2023-03-31 NI064403 2021-05-01 2022-04-30 NI064403 uk-bus:PrivateLimitedCompanyLtd 2022-05-01 2023-03-31 NI064403 uk-curr:PoundSterling 2022-05-01 2023-03-31 NI064403 uk-bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-03-31 NI064403 uk-bus:FullAccounts 2022-05-01 2023-03-31 NI064403 uk-core:ShareCapital 2023-03-31 NI064403 uk-core:ShareCapital 2022-04-30 NI064403 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI064403 uk-core:RetainedEarningsAccumulatedLosses 2022-04-30 NI064403 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI064403 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-04-30 NI064403 uk-bus:FRS102 2022-05-01 2023-03-31 NI064403 uk-core:Goodwill 2022-05-01 2023-03-31 NI064403 uk-core:FurnitureFittingsToolsEquipment 2022-05-01 2023-03-31 NI064403 uk-core:Goodwill 2022-04-30 NI064403 uk-core:Goodwill 2023-03-31 NI064403 uk-core:WithinOneYear 2023-03-31 NI064403 uk-core:WithinOneYear 2022-04-30 NI064403 uk-core:WithinOneYear 2023-03-31 NI064403 uk-core:WithinOneYear 2022-04-30 NI064403 uk-core:AfterOneYear 2023-03-31 NI064403 uk-core:AfterOneYear 2022-04-30 NI064403 uk-core:BetweenOneTwoYears 2023-03-31 NI064403 uk-core:BetweenOneTwoYears 2022-04-30 NI064403 uk-core:BetweenTwoFiveYears 2023-03-31 NI064403 uk-core:BetweenTwoFiveYears 2022-04-30 NI064403 uk-core:EmployeeBenefits 2022-04-30 NI064403 uk-core:EmployeeBenefits 2022-05-01 2023-03-31 NI064403 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-03-31 NI064403 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-03-31 NI064403 uk-core:OtherDeferredTax 2023-03-31 NI064403 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-03-31 NI064403 uk-core:EmployeeBenefits 2023-03-31 NI064403 2022-05-01 2023-03-31 NI064403 uk-bus:Director1 2022-05-01 2023-03-31 NI064403 uk-bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI064403
 
 
J G C (Armagh) Ltd
 
Unaudited Financial Statements
 
for the financial period ended 31 March 2023
J G C (Armagh) Ltd
Company Registration Number: NI064403
BALANCE SHEET
as at 31 March 2023

Mar 23 Apr 22
Notes £ £
 
Fixed Assets
Tangible assets 6 17,187 18,996
───────── ─────────
 
Current Assets
Stocks 7 6,500 7,000
Debtors 8 39,119 35,244
Cash and cash equivalents 32,633 43,188
───────── ─────────
78,252 85,432
───────── ─────────
Creditors: amounts falling due within one year 9 (69,074) (69,447)
───────── ─────────
Net Current Assets 9,178 15,985
───────── ─────────
Total Assets less Current Liabilities 26,365 34,981
 
Creditors:
amounts falling due after more than one year 10 (20,767) (30,528)
 
Provisions for liabilities 12 (4,297) (3,609)
───────── ─────────
Net Assets 1,301 844
═════════ ═════════
 
Capital and Reserves
Called up share capital 14 14
Retained earnings 1,287 830
───────── ─────────
Equity attributable to owners of the company 1,301 844
═════════ ═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial period ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges her responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
           
Approved by the Director and authorised for issue on 23 November 2023
           
________________________________          
Mrs. Petra Carroll          
Director          
           



J G C (Armagh) Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial period ended 31 March 2023

   
1. General Information
 
J G C (Armagh) Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI064403. The registered office of the company is 39-41 Thomas Street, Armagh, Co. Armagh, BT61 7QB, Northern Ireland which is also the principal place of business of the company. The principal activity of the company is in the provision of hairdressing The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 31 March 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of services supplied by the company, exclusive of trade discounts and value added tax. Turnover is measured at the fair value of the consideration received or receivable for services rendered. The company recognises turnover when the service has been provided in full and payment has been made by the customer.
 
Intangible assets
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 5 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 15% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Net realisable value comprises actual or estimated selling price.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company contributes to a staff pension scheme under auto enrolment. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Share capital of the company
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
 
Preference share capital
The dividend rights of the preference shares are non-cumulative and payment is at the discretion of the company. The preference shares carry voting rights at meetings. Based on their characteristics the preference shares are considered to be presented as equity and not liabilities. There is no option to redeem the preference shares.
   
3. Period of financial statements
 
The financial statements are for the 11 month period ended 31 March 2023.
       
4. Employees
 
The average monthly number of employees, including director, during the financial period was 13, (Apr 22 - 14).
 
  Mar 23 Apr 22
  Number Number
 
Directors 1 1
Employees 12 13
  ───────── ─────────
  13 14
  ═════════ ═════════
       
5. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 May 2022 60,000 60,000
  ───────── ─────────
 
At 31 March 2023 60,000 60,000
  ───────── ─────────
Amortisation
 
At 31 March 2023 60,000 60,000
  ───────── ─────────
Net book value
At 31 March 2023 - -
  ═════════ ═════════
       
6. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 May 2022 82,672 82,672
Additions 1,224 1,224
  ───────── ─────────
At 31 March 2023 83,896 83,896
  ───────── ─────────
Depreciation
At 1 May 2022 63,676 63,676
Charge for the financial period 3,033 3,033
  ───────── ─────────
At 31 March 2023 66,709 66,709
  ───────── ─────────
Net book value
At 31 March 2023 17,187 17,187
  ═════════ ═════════
At 30 April 2022 18,996 18,996
  ═════════ ═════════
       
7. Stocks Mar 23 Apr 22
  £ £
 
Finished goods and goods for resale 6,500 7,000
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
8. Debtors Mar 23 Apr 22
  £ £
 
Director's current account (Note 14) 39,119 35,244
  ═════════ ═════════
       
9. Creditors Mar 23 Apr 22
Amounts falling due within one year £ £
 
Bank loan 10,648 10,648
Trade creditors 18,636 10,377
Taxation  (Note 11) 23,684 30,501
Other creditors 12,920 14,735
Accruals 3,186 3,186
  ───────── ─────────
  69,074 69,447
  ═════════ ═════════
       
10. Creditors Mar 23 Apr 22
Amounts falling due after more than one year £ £
 
Bank loan 20,767 30,528
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 9) 10,648 10,648
Repayable between one and two years 10,648 10,648
Repayable between two and five years 10,119 19,880
  ───────── ─────────
  31,415 41,176
  ═════════ ═════════
 
       
11. Taxation Mar 23 Apr 22
  £ £
 
Creditors:
VAT 7,458 13,256
Corporation tax 14,221 14,729
PAYE / NI 2,005 2,516
  ───────── ─────────
  23,684 30,501
  ═════════ ═════════
         
12. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    Mar 23 Apr 22
  £ £ £
 
At financial period start 3,609 3,609 2,893
Charged to profit and loss 688 688 716
  ───────── ───────── ─────────
At financial period end 4,297 4,297 3,609
  ═════════ ═════════ ═════════
       
13. Capital commitments
 
The company had no material capital commitments at the financial period-ended 31 March 2023.
   
14. Director's advances, credits and guarantees
 
During the financial period, the company made a loan to the director amounting to £ 39,119. This was repaid within 9 months after the year end.
   
15. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial period-end.