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REGISTERED NUMBER: NI013592 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JAMES H. GIVAN LIMITED

JAMES H. GIVAN LIMITED (REGISTERED NUMBER: NI013592)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


JAMES H. GIVAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J.H Givan
T D Givan
L J T Givan



REGISTERED OFFICE: 17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG



REGISTERED NUMBER: NI013592 (Northern Ireland)



ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG



BANKERS: Danske Bank
381 Woodstock Road
Belfast
Co. Antrim
BT6 8PU



SOLICITORS: King & Gowdy
298 Upper Newtownards Road
Belfast
BT4 3EJ

JAMES H. GIVAN LIMITED (REGISTERED NUMBER: NI013592)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 9,000
Tangible assets 5 163,793 168,001
163,793 177,001

CURRENT ASSETS
Stocks 90,000 90,000
Debtors 6 557,312 569,495
Cash at bank 785,775 648,320
1,433,087 1,307,815
CREDITORS
Amounts falling due within one year 7 610,968 615,905
NET CURRENT ASSETS 822,119 691,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

985,912

868,911

CREDITORS
Amounts falling due after more than one
year

8

-

(45,842

)

PROVISIONS FOR LIABILITIES (40,948 ) (42,000 )
NET ASSETS 944,964 781,069

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Retained earnings 943,962 780,067
SHAREHOLDERS' FUNDS 944,964 781,069

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

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

The directors acknowledge their 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.

JAMES H. GIVAN LIMITED (REGISTERED NUMBER: NI013592)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:





J.H Givan - Director


JAMES H. GIVAN LIMITED (REGISTERED NUMBER: NI013592)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

James H. Givan Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The address of the company's place of business is 8 Prince Regent Road, Belfast.

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.

Significant judgements and estimates
In preparing these financial statements the directors have made the following judgements:

Establish whether there are indicators of impairment of the company's tangible and intangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and the business in general.

Consider the recoverability of trade debtors and the need for impairment provisions. These considerations are undertaken regularly by the directors, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

The directors also consider the depreciation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remains reasonable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over remaining term of lease
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

JAMES H. GIVAN LIMITED (REGISTERED NUMBER: NI013592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors
Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

- Loans and borrowings
All loans and borrowings are initially recorded at the present value of cash payable to the lender in settlement of the liability discounted at the market interest rate. Subsequently loans and borrowings are stated at amortised cost using the effective interest rate method. The computation of amortised cost includes any issue costs, transaction costs and fees, and any discount or premium on settlement, and the effect of this is to amortise these amounts over the expected borrowing period. Loans with no stated interest rate and repayable within one period or on demand are not amortised. Loans and borrowings are classified as current liabilities unless the borrower has an unconditional right to defer settlement of the liability for at least 12 months after the financial period end date.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 8 (2023 - 7 ) .

JAMES H. GIVAN LIMITED (REGISTERED NUMBER: NI013592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 350,000
AMORTISATION
At 1 April 2023 341,000
Charge for year 9,000
At 31 March 2024 350,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 9,000

5. TANGIBLE FIXED ASSETS
Fixtures,
Short Plant and fittings
leasehold machinery & equipment
£    £    £   
COST
At 1 April 2023 18,688 494,045 133,180
Additions - 13,350 -
At 31 March 2024 18,688 507,395 133,180
DEPRECIATION
At 1 April 2023 18,688 433,213 48,461
Charge for year - 19,876 16,944
At 31 March 2024 18,688 453,089 65,405
NET BOOK VALUE
At 31 March 2024 - 54,306 67,775
At 31 March 2023 - 60,832 84,719

JAMES H. GIVAN LIMITED (REGISTERED NUMBER: NI013592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 104,146 7,477 757,536
Additions 26,000 - 39,350
At 31 March 2024 130,146 7,477 796,886
DEPRECIATION
At 1 April 2023 81,696 7,477 589,535
Charge for year 6,738 - 43,558
At 31 March 2024 88,434 7,477 633,093
NET BOOK VALUE
At 31 March 2024 41,712 - 163,793
At 31 March 2023 22,450 - 168,001

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 498,251 524,413
Other debtors 59,061 45,082
557,312 569,495

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 13,126
Trade creditors 446,188 438,267
Taxation and social security 146,402 109,979
Other creditors 18,378 54,533
610,968 615,905

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 45,842

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company was owed a total of £18,849 from two of the directors as included in other debtors.

The amounts are interest free, unsecured and repayable on demand.