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REGISTERED NUMBER: SC372661 (Scotland)










Unaudited Financial Statements

for the Year Ended

28 February 2023

for

JSGH LIMITED

JSGH LIMITED (REGISTERED NUMBER: SC372661)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JSGH LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTORS: G Hancock
J B Snodgrass





REGISTERED OFFICE: Oakfield House
378 Brandon Street
Motherwell
ML1 1XA





REGISTERED NUMBER: SC372661 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

JSGH LIMITED (REGISTERED NUMBER: SC372661)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,678 4,174
Investments 5 493,647 493,761
496,325 497,935

CURRENT ASSETS
Debtors 6 33,284 181
Cash at bank and in hand 51,110 47,124
84,394 47,305
CREDITORS
Amounts falling due within one year 7 (89,382 ) (51,865 )
NET CURRENT LIABILITIES (4,988 ) (4,560 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

491,337

493,375

CREDITORS
Amounts falling due after more than one
year

8

(10,826

)

(15,730

)

PROVISIONS FOR LIABILITIES (509 ) (793 )
NET ASSETS 480,002 476,852

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 479,998 476,848
SHAREHOLDERS' FUNDS 480,002 476,852

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

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

JSGH LIMITED (REGISTERED NUMBER: SC372661)

Balance Sheet - continued
28 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:




J B Snodgrass - Director



G Hancock - Director


JSGH LIMITED (REGISTERED NUMBER: SC372661)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

JSGH Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the value of management services provided, excluding value added tax. Revenue is recognised as the services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

JSGH LIMITED (REGISTERED NUMBER: SC372661)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 5,984
DEPRECIATION
At 1 March 2022 1,810
Charge for year 1,496
At 28 February 2023 3,306
NET BOOK VALUE
At 28 February 2023 2,678
At 28 February 2022 4,174

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2022 493,761
Additions 10
Disposals (124 )
At 28 February 2023 493,647
NET BOOK VALUE
At 28 February 2023 493,647
At 28 February 2022 493,761

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 33,284 181

JSGH LIMITED (REGISTERED NUMBER: SC372661)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,424 5,520
Trade creditors 60 1,123
Taxation and social security 48,988 24,913
Other creditors 34,910 20,309
89,382 51,865

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 10,826 15,730