IRIS Accounts Production v23.2.0.158 04162136 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041621362022-12-31041621362023-12-31041621362023-01-012023-12-31041621362021-12-31041621362022-01-012022-12-31041621362022-12-3104162136ns10:Originalns15:EnglandWales2023-01-012023-12-3104162136ns14:PoundSterlingns10:Original2023-01-012023-12-3104162136ns10:Originalns10:Director12023-01-012023-12-3104162136ns10:Original2023-01-012023-12-3104162136ns10:Original2023-12-3104162136ns10:Originalns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104162136ns10:Originalns10:SmallEntities2023-01-012023-12-3104162136ns10:Originalns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104162136ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104162136ns10:SmallCompaniesRegimeForAccountsns10:Original2023-01-012023-12-3104162136ns10:Originalns10:FullAccounts2023-01-012023-12-3104162136ns10:Originalns10:Director22023-01-012023-12-3104162136ns10:Originalns10:RegisteredOffice2023-01-012023-12-3104162136ns10:Original2022-12-3104162136ns10:Originalns5:CurrentFinancialInstruments2023-12-3104162136ns10:Originalns5:CurrentFinancialInstruments2022-12-3104162136ns10:Originalns5:Non-currentFinancialInstruments2023-12-3104162136ns10:Originalns5:Non-currentFinancialInstruments2022-12-3104162136ns5:ShareCapitalns10:Original2023-12-3104162136ns5:ShareCapitalns10:Original2022-12-3104162136ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-12-3104162136ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3104162136ns10:Originalns5:PlantMachinery2023-01-012023-12-3104162136ns10:Original2022-01-012022-12-3104162136ns10:Originalns5:PlantMachinery2022-12-3104162136ns10:Originalns5:PlantMachinery2023-12-3104162136ns10:Originalns5:PlantMachinery2022-12-3104162136ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3104162136ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3104162136ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3104162136ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104162136ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104162136ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2023-12-3104162136ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2022-12-3104162136ns10:Originalns5:DeferredTaxation2022-12-3104162136ns10:Originalns5:DeferredTaxation2023-01-012023-12-3104162136ns10:Originalns5:DeferredTaxation2023-12-31
REGISTERED NUMBER: 04162136 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

G & J Decorating Services Ltd

G & J Decorating Services Ltd (Registered number: 04162136)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G & J Decorating Services Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J P Doogan
Ms S King





REGISTERED OFFICE: Peel House
Vicarage Lane
Tillingham
Chelmsford
Essex
CM0 7TW





REGISTERED NUMBER: 04162136 (England and Wales)





ACCOUNTANT: Jones Scott & Co
Chartd Certified Accountant
34 Wembley Avenue
Mayland
Chelmsford
Essex
CM3 6AY

G & J Decorating Services Ltd (Registered number: 04162136)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,300 57,663

CURRENT ASSETS
Stocks 2,000 500
Debtors 5 6,530 41,541
Cash at bank and in hand 334,670 308,944
343,200 350,985
CREDITORS
Amounts falling due within one year 6 48,047 45,948
NET CURRENT ASSETS 295,153 305,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

370,453

362,700

CREDITORS
Amounts falling due after more than one
year

7

(20,752

)

(33,888

)

PROVISIONS FOR LIABILITIES 8 (9,077 ) (4,539 )
NET ASSETS 340,624 324,273

CAPITAL AND RESERVES
Called up share capital 190 190
Retained earnings 340,434 324,083
SHAREHOLDERS' FUNDS 340,624 324,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

G & J Decorating Services Ltd (Registered number: 04162136)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by:





J P Doogan - Director


G & J Decorating Services Ltd (Registered number: 04162136)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

G & J Decorating Services 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 100, 25% on reducing balance and 2% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

G & J Decorating Services Ltd (Registered number: 04162136)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 148,545
Additions 55,650
Disposals (31,000 )
At 31 December 2023 173,195
DEPRECIATION
At 1 January 2023 90,882
Charge for year 14,763
Eliminated on disposal (7,750 )
At 31 December 2023 97,895
NET BOOK VALUE
At 31 December 2023 75,300
At 31 December 2022 57,663

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 29,500
DEPRECIATION
At 1 January 2023
and 31 December 2023 29,500
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 35,605
Other debtors 6,530 5,936
6,530 41,541

G & J Decorating Services Ltd (Registered number: 04162136)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 9,994 9,747
Hire purchase contracts 3,142 6,964
Trade creditors 1,574 1,449
Taxation and social security 22,805 23,923
Other creditors 10,532 3,865
48,047 45,948

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 20,752 30,746
Hire purchase contracts - 3,142
20,752 33,888

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
Accelerated capital allowances 9,077 4,539

Deferred
tax
£   
Balance at 1 January 2023 4,539
Provided during year 4,538
Balance at 31 December 2023 9,077

9. ULTIMATE CONTROLLING PARTY

The controlling party is J P Doogan.