Registered number
09823405
JLG Ventures Ltd
Filleted Accounts
31 October 2023
JLG Ventures Ltd
Registered number: 09823405
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,491 1,791
Current assets
Debtors 4 15,765 7,066
Cash at bank and in hand 2,500 6,500
18,265 13,566
Creditors: amounts falling due within one year 5 (16,936) (10,347)
Net current assets 1,329 3,219
Net assets 2,820 5,010
Capital and reserves
Called up share capital 1 1
Profit and loss account 2,819 5,009
Shareholder's funds 2,820 5,010
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Gibson
Director
Approved by the board on 30 July 2024
JLG Ventures Ltd
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2022 3,725 3,150 6,875
At 31 October 2023 3,725 3,150 6,875
Depreciation
At 1 November 2022 2,355 2,729 5,084
Charge for the year 200 100 300
At 31 October 2023 2,555 2,829 5,384
Net book value
At 31 October 2023 1,170 321 1,491
At 31 October 2022 1,370 421 1,791
4 Debtors 2023 2022
£ £
CIS Tax 15,765 7,066
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 14,908 9,487
Other creditors 2,028 860
16,936 10,347
129b High Street
Stevenage
Herts
SG1 3HS
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