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REGISTERED NUMBER: 07959354 (England and Wales)















GJN and Son Limited

Unaudited Financial Statements

for the Year Ended 28 February 2024






GJN and Son Limited (Registered number: 07959354)






Contents of the Financial Statements
for the year ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GJN and Son Limited

Company Information
for the year ended 28 February 2024







DIRECTORS: JD Nuttall
G Nuttall
EJ Nuttall





REGISTERED OFFICE: 28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA





REGISTERED NUMBER: 07959354 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

GJN and Son Limited (Registered number: 07959354)

Balance Sheet
28 February 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 27,164 14,610

CURRENT ASSETS
Debtors 5 41,351 47,671
Cash at bank 1,755 2,763
43,106 50,434
CREDITORS
Amounts falling due within one year 6 46,872 54,228
NET CURRENT LIABILITIES (3,766 ) (3,794 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,398

10,816

CREDITORS
Amounts falling due after more than one
year

7

(19,420

)

(5,667

)

PROVISIONS FOR LIABILITIES 8 (847 ) -
NET ASSETS 3,131 5,149

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 2,131 4,149
SHAREHOLDERS' FUNDS 3,131 5,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

GJN and Son Limited (Registered number: 07959354)

Balance Sheet - continued
28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





G Nuttall - Director


GJN and Son Limited (Registered number: 07959354)

Notes to the Financial Statements
for the year ended 28 February 2024

1. STATUTORY INFORMATION

GJN and Son 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 amounts in the financial statements have been rounded to the nearest £1.

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.

Going concern
The financial statements have been prepared on the going concern basis despite the excess of current liabilities over assets as the directors have indicated their willingness to continue to support the company.

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% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


GJN and Son Limited (Registered number: 07959354)

Notes to the Financial Statements - continued
for the year ended 28 February 2024

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.

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 March 2023 6,979 1,700 35,073 43,752
Additions 650 - 24,505 25,155
Disposals - - (10,083 ) (10,083 )
At 28 February 2024 7,629 1,700 49,495 58,824
DEPRECIATION
At 1 March 2023 5,779 1,354 22,009 29,142
Charge for year 370 69 8,469 8,908
Eliminated on disposal - - (6,390 ) (6,390 )
At 28 February 2024 6,149 1,423 24,088 31,660
NET BOOK VALUE
At 28 February 2024 1,480 277 25,407 27,164
At 28 February 2023 1,200 346 13,064 14,610

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 8,935 18,582
Other debtors 32,327 28,749
VAT 89 340
41,351 47,671

GJN and Son Limited (Registered number: 07959354)

Notes to the Financial Statements - continued
for the year ended 28 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 8,301 3,400
Trade creditors 3,593 2,615
Taxation and social security 14,837 24,339
Other creditors 20,141 23,874
46,872 54,228

The amounts outstanding on the directors' current accounts of £18,272 (2023 : £21,998) are included in other creditors They are unsecured, interest free and have no fixed repayment terms.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Hire purchase contracts 19,420 5,667

8. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 847 -

Deferred tax
£
Provided during year 847
Balance at 28 February 2024 847

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
50 Ordinary A £10 500 500
20 Ordinary B £10 300 200
30 Ordinary C £10 200 300
1,000 1,000

10. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by G Nuttall.