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REGISTERED NUMBER: 09288485 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

J G SECURITY LIMITED

J G SECURITY LIMITED (REGISTERED NUMBER: 09288485)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J G SECURITY LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: J B Griffiths





REGISTERED OFFICE: 1A Parliament Square
Parliament Street
Crediton
Devon
EX17 2AW





REGISTERED NUMBER: 09288485 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

J G SECURITY LIMITED (REGISTERED NUMBER: 09288485)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 310 361
310 361

CURRENT ASSETS
Stocks 1,410 940
Debtors 7 1,484 2,074
Cash at bank 23,175 19,266
26,069 22,280
CREDITORS
Amounts falling due within one year 8 (9,530 ) (10,859 )
NET CURRENT ASSETS 16,539 11,421
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,849

11,782

PROVISIONS FOR LIABILITIES (78 ) (74 )
NET ASSETS 16,771 11,708

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,671 11,608
16,771 11,708

J G SECURITY LIMITED (REGISTERED NUMBER: 09288485)

Balance Sheet - continued
31 MARCH 2024


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 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.

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 2 August 2024 and were signed by:





J B Griffiths - Director


J G SECURITY LIMITED (REGISTERED NUMBER: 09288485)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. COMPANY INFORMATION

J G Security 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.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Turnover
Turnover represents amounts chargeable in respect of the provision of services to customers falling within the company's ordinary activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.


J G SECURITY LIMITED (REGISTERED NUMBER: 09288485)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,500
AMORTISATION
At 1 April 2023
and 31 March 2024 10,500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

J G SECURITY LIMITED (REGISTERED NUMBER: 09288485)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 April 2023
and 31 March 2024 932
DEPRECIATION
At 1 April 2023 571
Charge for year 51
At 31 March 2024 622
NET BOOK VALUE
At 31 March 2024 310
At 31 March 2023 361

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,484 1,484
Prepayments - 590
1,484 2,074

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 4,225 3,579
Other creditors 161 -
Directors' loan accounts 2,973 5,244
Accrued expenses 2,171 2,036
9,530 10,859