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REGISTERED NUMBER: 08053067 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

J G WINDOWS & CLADDING LTD

J G WINDOWS & CLADDING LTD (REGISTERED NUMBER: 08053067)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J G WINDOWS & CLADDING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mrs M Gosling
Mr J Gosling



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 08053067 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Barclays
1 Churchill Place
London
E14 5HP

J G WINDOWS & CLADDING LTD (REGISTERED NUMBER: 08053067)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,556 5,609
5,556 5,609

CURRENT ASSETS
Stocks 6 4,500 5,020
Debtors 7 22,446 20,601
Cash at bank 11,487 25,764
38,433 51,385
CREDITORS
Amounts falling due within one year 8 20,286 22,383
NET CURRENT ASSETS 18,147 29,002
TOTAL ASSETS LESS CURRENT LIABILITIES 23,703 34,611

CREDITORS
Amounts falling due after more than one
year

9

(19,487

)

(22,876

)

PROVISIONS FOR LIABILITIES (1,056 ) (1,066 )
NET ASSETS 3,160 10,669

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 3,040 10,549
SHAREHOLDERS' FUNDS 3,160 10,669

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

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

J G WINDOWS & CLADDING LTD (REGISTERED NUMBER: 08053067)

BALANCE SHEET - continued
31 AUGUST 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 31 March 2024 and were signed on its behalf by:





Mrs M Gosling - Director


J G WINDOWS & CLADDING LTD (REGISTERED NUMBER: 08053067)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

J G Windows & Cladding 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

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.

J G WINDOWS & CLADDING LTD (REGISTERED NUMBER: 08053067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 10,000
AMORTISATION
At 1 September 2022
and 31 August 2023 10,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 2,213 6,000 - 8,213
Additions - - 1,726 1,726
At 31 August 2023 2,213 6,000 1,726 9,939
DEPRECIATION
At 1 September 2022 1,104 1,500 - 2,604
Charge for year 222 1,125 432 1,779
At 31 August 2023 1,326 2,625 432 4,383
NET BOOK VALUE
At 31 August 2023 887 3,375 1,294 5,556
At 31 August 2022 1,109 4,500 - 5,609

6. STOCKS
2023 2022
£    £   
Stocks 4,500 5,020

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,541 4,234
Amounts recoverable on contract 5,367 3,700
Directors' current accounts 13,538 12,667
22,446 20,601

J G WINDOWS & CLADDING LTD (REGISTERED NUMBER: 08053067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,389 3,389
Deposits in advance - 1,021
Trade creditors 7,891 7,536
Tax 3,996 4,409
Social security and other taxes 325 717
VAT 2,719 4,016
Accrued expenses 1,966 1,295
20,286 22,383

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 13,556 13,556
Bank loans more 5 yrs 5,931 9,320
19,487 22,876

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yrs 5,931 9,320

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
Mr J Gosling and Mrs M Gosling
Balance outstanding at start of year 12,667 12,931
Amounts advanced 70,880 45,103
Amounts repaid (70,009 ) (45,367 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,538 12,667

Loans are unsecured, interest free and repayable on demand.

11. GOVERNMENT GUARANTEED LOAN

The bank loan of £22,875 is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to 31 May 2030.