IRIS Accounts Production v23.3.0.418 03710472 director 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037104722022-02-28037104722023-02-28037104722022-03-012023-02-28037104722021-02-28037104722021-03-012022-02-28037104722022-02-2803710472ns10:Originalns15:EnglandWales2022-03-012023-02-2803710472ns14:PoundSterlingns10:Original2022-03-012023-02-2803710472ns10:Originalns10:Director12022-03-012023-02-2803710472ns10:Original2022-03-012023-02-2803710472ns10:Original2023-02-2803710472ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2803710472ns10:Originalns10:SmallEntities2022-03-012023-02-2803710472ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2803710472ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2803710472ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2803710472ns10:Originalns10:FullAccounts2022-03-012023-02-2803710472ns10:Originalns10:RegisteredOffice2022-03-012023-02-2803710472ns10:Original2022-02-2803710472ns10:Originalns5:CurrentFinancialInstruments2023-02-2803710472ns10:Originalns5:CurrentFinancialInstruments2022-02-2803710472ns10:Originalns5:Non-currentFinancialInstruments2023-02-2803710472ns10:Originalns5:Non-currentFinancialInstruments2022-02-2803710472ns5:ShareCapitalns10:Original2023-02-2803710472ns5:ShareCapitalns10:Original2022-02-2803710472ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2803710472ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2803710472ns10:Originalns5:LeaseholdImprovements2022-03-012023-02-2803710472ns10:Originalns5:FurnitureFittings2022-03-012023-02-2803710472ns10:Originalns5:MotorVehicles2022-03-012023-02-2803710472ns10:Originalns5:ComputerEquipment2022-03-012023-02-2803710472ns10:Original2021-03-012022-02-2803710472ns10:Originalns5:LeaseholdImprovements2022-02-2803710472ns10:Originalns5:PlantMachinery2022-02-2803710472ns10:Originalns5:FurnitureFittings2022-02-2803710472ns10:Originalns5:PlantMachinery2022-03-012023-02-2803710472ns10:Originalns5:LeaseholdImprovements2023-02-2803710472ns10:Originalns5:PlantMachinery2023-02-2803710472ns10:Originalns5:FurnitureFittings2023-02-2803710472ns10:Originalns5:LeaseholdImprovements2022-02-2803710472ns10:Originalns5:PlantMachinery2022-02-2803710472ns10:Originalns5:FurnitureFittings2022-02-2803710472ns10:Originalns5:MotorVehicles2022-02-2803710472ns10:Originalns5:ComputerEquipment2022-02-2803710472ns10:Original2022-02-2803710472ns10:Originalns5:MotorVehicles2023-02-2803710472ns10:Originalns5:ComputerEquipment2023-02-2803710472ns10:Originalns5:MotorVehicles2022-02-2803710472ns10:Originalns5:ComputerEquipment2022-02-2803710472ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2803710472ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-28
REGISTERED NUMBER: 03710472 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

J. G. ELECTRICAL LIMITED

J. G. ELECTRICAL LIMITED (REGISTERED NUMBER: 03710472)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J. G. ELECTRICAL LIMITED

COMPANY INFORMATION
for the Year Ended 28th February 2023







DIRECTOR: Mrs G A Greenaway





REGISTERED OFFICE: 91 Nettlecombe
Crown Wood
Bracknell
Berkshire
RG12 0UH





REGISTERED NUMBER: 03710472 (England and Wales)





ACCOUNTANTS: Draper Accountants Limited
3 Quarry Close
Green Lane
Leatherhead
Surrey
KT22 8US

J. G. ELECTRICAL LIMITED (REGISTERED NUMBER: 03710472)

BALANCE SHEET
28th February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,414 25,305

CURRENT ASSETS
Stocks 44,481 26,792
Debtors 5 18,062 26,385
Cash at bank 7,594 65,236
70,137 118,413
CREDITORS
Amounts falling due within one year 6 57,247 50,404
NET CURRENT ASSETS 12,890 68,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,304

93,314

CREDITORS
Amounts falling due after more than one
year

7

35,185

46,789
NET ASSETS 53,119 46,525

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 53,117 46,523
SHAREHOLDERS' FUNDS 53,119 46,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

J. G. ELECTRICAL LIMITED (REGISTERED NUMBER: 03710472)

BALANCE SHEET - continued
28th February 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 director and authorised for issue on 27th November 2023 and were signed by:





Mrs G A Greenaway - Director


J. G. ELECTRICAL LIMITED (REGISTERED NUMBER: 03710472)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28th February 2023

1. STATUTORY INFORMATION

J. G. Electrical Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

J. G. ELECTRICAL LIMITED (REGISTERED NUMBER: 03710472)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28th February 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st March 2022 11,504 6,352 14,012
Additions 32,352 - 35,256
Disposals - (4,749 ) -
At 28th February 2023 43,856 1,603 49,268
DEPRECIATION
At 1st March 2022 1,234 2,709 11,128
Charge for year 8,771 110 5,723
Eliminated on disposal - (1,834 ) -
At 28th February 2023 10,005 985 16,851
NET BOOK VALUE
At 28th February 2023 33,851 618 32,417
At 28th February 2022 10,270 3,643 2,884

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st March 2022 43,959 6,422 82,249
Additions - 3,317 70,925
Disposals - - (4,749 )
At 28th February 2023 43,959 9,739 148,425
DEPRECIATION
At 1st March 2022 36,197 5,676 56,944
Charge for year 1,940 1,357 17,901
Eliminated on disposal - - (1,834 )
At 28th February 2023 38,137 7,033 73,011
NET BOOK VALUE
At 28th February 2023 5,822 2,706 75,414
At 28th February 2022 7,762 746 25,305

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,512 17,863
Other debtors 6,550 8,522
18,062 26,385

J. G. ELECTRICAL LIMITED (REGISTERED NUMBER: 03710472)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28th February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 20,928 33,200
Taxation and social security 7,237 6,016
Other creditors 23,526 5,632
57,247 50,404

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 35,185 40,741
Other creditors - 6,048
35,185 46,789

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,407 12,963