Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29Renting and leasing of media entertainment equipmenttrue2023-03-01false11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13907450 2023-03-01 2024-02-29 13907450 2022-02-10 2023-02-28 13907450 2024-02-29 13907450 2023-02-28 13907450 c:Director1 2023-03-01 2024-02-29 13907450 d:PlantMachinery 2023-03-01 2024-02-29 13907450 d:PlantMachinery 2024-02-29 13907450 d:PlantMachinery 2023-02-28 13907450 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13907450 d:CurrentFinancialInstruments 2024-02-29 13907450 d:CurrentFinancialInstruments 2023-02-28 13907450 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13907450 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13907450 d:ShareCapital 2024-02-29 13907450 d:ShareCapital 2023-02-28 13907450 d:RetainedEarningsAccumulatedLosses 2024-02-29 13907450 d:RetainedEarningsAccumulatedLosses 2023-02-28 13907450 c:OrdinaryShareClass1 2023-03-01 2024-02-29 13907450 c:OrdinaryShareClass1 2024-02-29 13907450 c:OrdinaryShareClass1 2023-02-28 13907450 c:FRS102 2023-03-01 2024-02-29 13907450 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13907450 c:FullAccounts 2023-03-01 2024-02-29 13907450 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13907450 2 2023-03-01 2024-02-29 13907450 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13907450














JGR GRIPS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

 
JGR GRIPS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
JGR GRIPS LIMITED
REGISTERED NUMBER:13907450

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,065
13,421

  
10,065
13,421

Current assets
  

Debtors: amounts falling due within one year
 5 
1,085
562

Cash at bank and in hand
  
-
2,501

  
1,085
3,063

Creditors: amounts falling due within one year
 6 
(10,792)
(9,961)

Net current liabilities
  
 
 
(9,707)
 
 
(6,898)

Total assets less current liabilities
  
358
6,523

  

Net assets
  
358
6,523


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
357
6,522

  
358
6,523

Page 1

 
JGR GRIPS LIMITED
REGISTERED NUMBER:13907450
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr J G Robson
Director

Date: 16 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
JGR GRIPS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

1.


General information

The company's legal form is that of a limited company incorporated in the United Kingdom. The Company's registered office at Hillside, Milespit Hill, London, England, NW7 2RT.

The Company's principal activity was that of renting and leasing of media entertainment equipment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
JGR GRIPS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2023 - 1).

Page 4

 
JGR GRIPS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Plant and machinery

£



Cost or valuation


At 1 March 2023
17,894



At 29 February 2024

17,894



Depreciation


At 1 March 2023
4,474


Charge for the period on owned assets
3,355



At 29 February 2024

7,829



Net book value



At 29 February 2024
10,065



At 28 February 2023
13,421


5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
1,085
562

1,085
562


Page 5

 
JGR GRIPS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank overdrafts
20
-

Taxation and social security
2,918
5,098

Other creditors
5,333
2,863

Accruals and deferred income
2,521
2,000

10,792
9,961



7.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1


 
Page 6