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Company Registration No. 09870635 (England and Wales)
JG Roofing Limited Unaudited accounts for the year ended 31 December 2023
JG Roofing Limited Unaudited accounts Contents
Page
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JG Roofing Limited Company Information for the year ended 31 December 2023
Director
Jamie Geddis
Company Number
09870635 (England and Wales)
Registered Office
Unit 17 Wierton Road Boughton Monchelsea Maidstone Kent ME17 4JW England
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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JG Roofing Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,623 
9,406 
Current assets
Debtors
2,345 
7,044 
Creditors: amounts falling due within one year
(26,331)
(19,681)
Net current liabilities
(23,986)
(12,637)
Total assets less current liabilities
(9,363)
(3,231)
Creditors: amounts falling due after more than one year
(32,870)
(38,426)
Net liabilities
(42,233)
(41,657)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(42,234)
(41,658)
Shareholders' funds
(42,233)
(41,657)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 April 2024 and were signed on its behalf by
Jamie Geddis Director Company Registration No. 09870635
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JG Roofing Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
JG Roofing Limited is a private company, limited by shares, registered in England and Wales, registration number 09870635. The registered office is Unit 17 Wierton Road, Boughton Monchelsea, Maidstone, Kent, ME17 4JW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. 25% Straight Line
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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JG Roofing Limited Notes to the Accounts for the year ended 31 December 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
12,000 
At 31 December 2023
12,000 
Amortisation
At 1 January 2023
12,000 
At 31 December 2023
12,000 
Net book value
At 31 December 2023
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
2,695 
12,654 
2,000 
17,349 
Additions
- 
22,179 
- 
22,179 
Disposals
- 
(17,441)
- 
(17,441)
At 31 December 2023
2,695 
17,392 
2,000 
22,087 
Depreciation
At 1 January 2023
674 
5,536 
1,733 
7,943 
Charge for the year
505 
4,303 
67 
4,875 
On disposals
- 
(5,354)
- 
(5,354)
At 31 December 2023
1,179 
4,485 
1,800 
7,464 
Net book value
At 31 December 2023
1,516 
12,907 
200 
14,623 
At 31 December 2022
2,021 
7,118 
267 
9,406 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
2,345 
7,044 
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JG Roofing Limited Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
24,389 
15,234 
VAT
1,942 
2,842 
Accruals
- 
1,605 
26,331 
19,681 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
32,870 
38,426 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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