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Company Registration No. 08501024 (England and Wales)
GJS Electrical Ltd Unaudited accounts for the year ended 30 April 2024
GJS Electrical Ltd Unaudited accounts Contents
Page
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GJS Electrical Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
232,863 
- 
Current assets
Inventories
1,000 
1,000 
Debtors
8,761 
9,923 
Cash at bank and in hand
10,283 
176,266 
20,044 
187,189 
Creditors: amounts falling due within one year
(38,667)
(32,376)
Net current (liabilities)/assets
(18,623)
154,813 
Net assets
214,240 
154,813 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
214,140 
154,713 
Shareholders' funds
214,240 
154,813 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 August 2024 and were signed on its behalf by
Graham Westrup Director Company Registration No. 08501024
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GJS Electrical Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
GJS Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 08501024. The registered office is The Burrow, Beacon Hill Lane, Thorpeness Leiston, Suffolk, IP16 4QU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 April 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
3 Years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 May 2023
9,000 
At 30 April 2024
9,000 
Amortisation
At 1 May 2023
9,000 
At 30 April 2024
9,000 
Net book value
At 30 April 2024
- 
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GJS Electrical Ltd Notes to the Accounts for the year ended 30 April 2024
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 May 2023
9,717 
At 30 April 2024
9,717 
Depreciation
At 1 May 2023
9,717 
At 30 April 2024
9,717 
Net book value
At 30 April 2024
- 
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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