IRIS Accounts Production v24.2.0.383 13099864 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130998642022-12-31130998642023-12-31130998642023-01-012023-12-31130998642021-12-31130998642022-01-012022-12-31130998642022-12-3113099864ns15:EnglandWales2023-01-012023-12-3113099864ns14:PoundSterling2023-01-012023-12-3113099864ns10:Director12023-01-012023-12-3113099864ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3113099864ns10:SmallEntities2023-01-012023-12-3113099864ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3113099864ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113099864ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113099864ns10:FullAccounts2023-01-012023-12-3113099864ns10:Director22023-01-012023-12-3113099864ns10:RegisteredOffice2023-01-012023-12-3113099864ns5:CurrentFinancialInstruments2023-12-3113099864ns5:CurrentFinancialInstruments2022-12-3113099864ns5:Non-currentFinancialInstruments2023-12-3113099864ns5:Non-currentFinancialInstruments2022-12-3113099864ns5:ShareCapital2023-12-3113099864ns5:ShareCapital2022-12-3113099864ns5:RetainedEarningsAccumulatedLosses2023-12-3113099864ns5:RetainedEarningsAccumulatedLosses2022-12-3113099864ns5:PlantMachinery2023-01-012023-12-3113099864ns5:FurnitureFittings2023-01-012023-12-3113099864ns5:MotorVehicles2023-01-012023-12-3113099864ns5:ComputerEquipment2023-01-012023-12-3113099864ns5:PlantMachinery2022-12-3113099864ns5:FurnitureFittings2022-12-3113099864ns5:MotorVehicles2022-12-3113099864ns5:ComputerEquipment2022-12-3113099864ns5:PlantMachinery2023-12-3113099864ns5:FurnitureFittings2023-12-3113099864ns5:MotorVehicles2023-12-3113099864ns5:ComputerEquipment2023-12-3113099864ns5:PlantMachinery2022-12-3113099864ns5:FurnitureFittings2022-12-3113099864ns5:MotorVehicles2022-12-3113099864ns5:ComputerEquipment2022-12-3113099864ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3113099864ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 13099864 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

J&G CONNECTIONS LTD

J&G CONNECTIONS LTD (REGISTERED NUMBER: 13099864)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J&G CONNECTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J M Burnage
G G Sturrock





REGISTERED OFFICE: 22 Tillingham Court
Waltham Abbey
EN9 3HG





REGISTERED NUMBER: 13099864 (England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

J&G CONNECTIONS LTD (REGISTERED NUMBER: 13099864)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 254,488 149,279

CURRENT ASSETS
Debtors 5 162,485 40,862
Cash at bank 28,198 17,574
190,683 58,436
CREDITORS
Amounts falling due within one year 6 149,611 151,538
NET CURRENT ASSETS/(LIABILITIES) 41,072 (93,102 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,560

56,177

CREDITORS
Amounts falling due after more than one
year

7

(79,158

)

(23,611

)

PROVISIONS FOR LIABILITIES (63,622 ) (8,338 )
NET ASSETS 152,780 24,228

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 152,778 24,226
SHAREHOLDERS' FUNDS 152,780 24,228

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 18 September 2024 and were signed on its behalf by:



J M Burnage - Director


J&G CONNECTIONS LTD (REGISTERED NUMBER: 13099864)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

J&G Connections Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% Straight line
Fixtures and fittings - 20% Straight line
Motor vehicles - 20% on reducing balance
Computer equipment - 20% Straight line

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and investments in equity instruments.

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price unless the arrangement constitutes a financing transaction where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


J&G CONNECTIONS LTD (REGISTERED NUMBER: 13099864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

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.

Finance leases are capitalised at commencement of the lease as assets at the fair value of the leased asset or, if lower, the present value of the minimum lease payments calculated using the interest rate implicit in the lease.The capital element of lease obligations is recorded as a liability on inception of the arrangement. Lease payments are apportioned between capital repayment and finance charge using the effective interest rate method, to produce a constant rate of charge on the balance of the capital repayments outstanding.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 65,902 2,750 97,185 - 165,837
Additions 109,346 6,000 42,739 3,278 161,363
At 31 December 2023 175,248 8,750 139,924 3,278 327,200
DEPRECIATION
At 1 January 2023 2,978 79 13,501 - 16,558
Charge for year 30,854 1,725 23,148 427 56,154
At 31 December 2023 33,832 1,804 36,649 427 72,712
NET BOOK VALUE
At 31 December 2023 141,416 6,946 103,275 2,851 254,488
At 31 December 2022 62,924 2,671 83,684 - 149,279

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,416 17,920
Other debtors 4,042 600
CIS 128,531 13,101
VAT 23,830 6,138
Prepayments and accrued income 666 3,103
162,485 40,862

J&G CONNECTIONS LTD (REGISTERED NUMBER: 13099864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 41,099 11,844
Trade creditors 1,772 7,276
Tax 4,798 -
Social security and other taxes 961 549
Other creditors 14,401 38,000
Directors' current accounts 80,060 91,279
Accrued expenses 6,520 2,590
149,611 151,538

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 79,158 23,611