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REGISTERED NUMBER: 12418600 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

J GLEWS BUILDING LTD

J GLEWS BUILDING LTD (REGISTERED NUMBER: 12418600)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J GLEWS BUILDING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr J C Glew





REGISTERED OFFICE: 57 Ravendale Road
GAINSBOROUGH
Lincolnshire
DN21 1XG





REGISTERED NUMBER: 12418600 (England and Wales)





ACCOUNTANTS: Rigel Wolf Ltd
Orion House
28A Spital Terrace
GAINSBOROUGH
Lincolnshire
DN21 2HQ

J GLEWS BUILDING LTD (REGISTERED NUMBER: 12418600)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,305 15,814

CURRENT ASSETS
Stocks 100,330 75,120
Debtors 5 855 499
Cash at bank 32,981 64,252
134,166 139,871
CREDITORS
Amounts falling due within one year 6 82,317 80,911
NET CURRENT ASSETS 51,849 58,960
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,154

74,774

CREDITORS
Amounts falling due after more than one
year

7

(11,194

)

(16,050

)

PROVISIONS FOR LIABILITIES 8 - (50 )
NET ASSETS 51,960 58,674

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 51,959 58,673
SHAREHOLDERS' FUNDS 51,960 58,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 GLEWS BUILDING LTD (REGISTERED NUMBER: 12418600)

BALANCE SHEET - continued
31 JANUARY 2024


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 17 April 2024 and were signed by:





Mr J C Glew - Director


J GLEWS BUILDING LTD (REGISTERED NUMBER: 12418600)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

J Glews Building Ltd 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

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.

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.

J GLEWS BUILDING LTD (REGISTERED NUMBER: 12418600)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 7,427 25,000 1,343 33,770
Additions 780 - - 780
Disposals (2,974 ) - (250 ) (3,224 )
At 31 January 2024 5,233 25,000 1,093 31,326
DEPRECIATION
At 1 February 2023 2,795 14,525 636 17,956
Charge for year 528 2,619 151 3,298
Eliminated on disposal (1,088 ) - (145 ) (1,233 )
At 31 January 2024 2,235 17,144 642 20,021
NET BOOK VALUE
At 31 January 2024 2,998 7,856 451 11,305
At 31 January 2023 4,632 10,475 707 15,814

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors - 48
VAT 504 -
Prepayments and accrued income 351 451
855 499

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 5,002 5,000
Trade creditors 1,709 8,931
Corporation tax 3,506 6,176
Social security and other taxes 203 -
VAT - 5,386
Other creditors 16 -
Directors' current accounts 70,955 54,592
Accruals and deferred income 926 826
82,317 80,911

J GLEWS BUILDING LTD (REGISTERED NUMBER: 12418600)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 6,194 11,050
11,194 16,050

8. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax - 50

Deferred
tax
£   
Balance at 1 February 2023 50
Accelerated capital allowances (50 )
Balance at 31 January 2024 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 February 2023 58,673
Profit for the year 13,286
Dividends (20,000 )
At 31 January 2024 51,959

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, Mr J C Glew - the sole director and shareholder - charged the company £364 (2023 £312) for use of home as office.

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 (2023 - £4,000) were paid to the director .

At 31 January 2024 there was a balance owed by the company to Mr J C Glew - the sole director and shareholder of £70,955 (2023 - £54,592).

This balance has been shown in Creditors.

J GLEWS BUILDING LTD (REGISTERED NUMBER: 12418600)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J C Glew.