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REGISTERED NUMBER: 05061667 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

J.C.G Electrical Limited

J.C.G Electrical Limited (Registered number: 05061667)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


J.C.G Electrical Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: J R Stokes





REGISTERED OFFICE: Unit A
Lewin House
The Street
RADSTOCK
BA3 4FJ





REGISTERED NUMBER: 05061667 (England and Wales)





ACCOUNTANTS: Graham Long and Company
Chartered Management Accountants
Unit A
Lewin House
The Street
RADSTOCK
BA3 3FJ

J.C.G Electrical Limited (Registered number: 05061667)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,347 89,389

CURRENT ASSETS
Debtors 5 282,711 239,715
Cash at bank and in hand 60,535 138,801
343,246 378,516
CREDITORS
Amounts falling due within one year 6 293,720 302,533
NET CURRENT ASSETS 49,526 75,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,873

165,372

CREDITORS
Amounts falling due after more than one
year

7

(30,965

)

-

PROVISIONS FOR LIABILITIES (14,500 ) -
NET ASSETS 134,408 165,372

CAPITAL AND RESERVES
Called up share capital 15 15
Retained earnings 134,393 165,357
SHAREHOLDERS' FUNDS 134,408 165,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.C.G Electrical Limited (Registered number: 05061667)

Statement of Financial Position - continued
31 May 2024


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 director and authorised for issue on 12 August 2024 and were signed by:





J R Stokes - Director


J.C.G Electrical Limited (Registered number: 05061667)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

J.C.G Electrical Limited 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 represents net invoiced value of goods and services excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.C.G Electrical Limited (Registered number: 05061667)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 23,086 5,483 147,847 15,342 191,758
Additions 1,674 - 68,725 1,864 72,263
At 31 May 2024 24,760 5,483 216,572 17,206 264,021
DEPRECIATION
At 1 June 2023 17,425 4,074 71,030 9,840 102,369
Charge for year 973 211 29,224 897 31,305
At 31 May 2024 18,398 4,285 100,254 10,737 133,674
NET BOOK VALUE
At 31 May 2024 6,362 1,198 116,318 6,469 130,347
At 31 May 2023 5,661 1,409 76,817 5,502 89,389

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 279,750 236,754
Other debtors 2,961 2,961
282,711 239,715

J.C.G Electrical Limited (Registered number: 05061667)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 25,218 29,590
Hire purchase contracts 36,843 44,262
Trade creditors 129,343 152,594
Taxation and social security 99,093 69,199
Other creditors 3,223 6,888
293,720 302,533

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 30,965 -

8. RELATED PARTY DISCLOSURES

The director controls the company by virtue of holding 83.33% of the issued ordinary share capital.