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
JG Roofing Limited
Company Information
for the year ended 31 December 2023
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
JG Roofing Limited
Statement of financial position
as at 31 December 2023
Tangible assets
14,623
9,406
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)
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
JG Roofing Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation. 25% Straight Line
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 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.
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.
JG Roofing Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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
At 31 December 2023
12,000
At 31 December 2023
12,000
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
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
At 31 December 2023
1,516
12,907
200
14,623
At 31 December 2022
2,021
7,118
267
9,406
Amounts falling due within one year
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
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).