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REGISTERED NUMBER: SC261851 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

GJD SERVICES LIMITED

GJD SERVICES LIMITED (REGISTERED NUMBER: SC261851)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GJD SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: G D Spoors
Mrs A Spoors





SECRETARY: Mrs H E Spoors





REGISTERED OFFICE: Summit House
4-5 Mitchell Street
Edinburgh
EH6 7BD





REGISTERED NUMBER: SC261851 (Scotland)





ACCOUNTANTS: Cole & Co
4 The Sheepcote
Monks Orchard
Lumber Lane, Lugwardine
Hereford
Herefordshire
HR1 4AG

GJD SERVICES LIMITED (REGISTERED NUMBER: SC261851)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 492,015 629,416

CURRENT ASSETS
Stocks 250,000 204,938
Debtors 5 218,812 190,107
Cash at bank 19,038 27,827
487,850 422,872
CREDITORS
Amounts falling due within one year 6 (250,543 ) (197,973 )
NET CURRENT ASSETS 237,307 224,899
TOTAL ASSETS LESS CURRENT LIABILITIES 729,322 854,315

CREDITORS
Amounts falling due after more than one
year

7

(160,868

)

(190,788

)

PROVISIONS FOR LIABILITIES (14,195 ) (24,682 )
NET ASSETS 554,259 638,845

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 112,420 156,536
Retained earnings 441,739 482,209
SHAREHOLDERS' FUNDS 554,259 638,845

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

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

GJD SERVICES LIMITED (REGISTERED NUMBER: SC261851)

BALANCE SHEET - continued
31 JANUARY 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





G D Spoors - Director


GJD SERVICES LIMITED (REGISTERED NUMBER: SC261851)

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

1. STATUTORY INFORMATION

Gjd Services Limited is a private company, limited by shares , registered in Scotland. 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 (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statement 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 the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

There were no material departures from Financial Reporting Standard 102 1A.

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
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery25% reducing balance
Fixtures and fittings25% reducing balance
Motor vehicles25% reducing balance
Computer equipment33% on cost

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

FINANCIAL INSTRUMENTS
Basic financial instruments are recognised at amortised cost.

TAXATION
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


GJD SERVICES LIMITED (REGISTERED NUMBER: SC261851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

GRANTS
Where a capital grant has been received in respect of specific equipment, the asset is capitalised and depreciated over its useful life and the associated grant income is credited to deferred income and released to the profit and loss account so as to be matched withe the associated depreciation charge.

GOING CONCERN
The directors are satisfied that, despite the loss for the current year, it is appropriate for the company's financial statements to be prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

GJD SERVICES LIMITED (REGISTERED NUMBER: SC261851)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 February 2023 14,000 754,931 18,735
Additions - - -
Disposals - (20,451 ) -
At 31 January 2024 14,000 734,480 18,735
DEPRECIATION
At 1 February 2023 - 190,559 14,294
Charge for year - 108,834 1,111
Eliminated on disposal - (4,257 ) -
At 31 January 2024 - 295,136 15,405
NET BOOK VALUE
At 31 January 2024 14,000 439,344 3,330
At 31 January 2023 14,000 564,372 4,441

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 February 2023 78,632 6,020 872,318
Additions - 832 832
Disposals - - (20,451 )
At 31 January 2024 78,632 6,852 852,699
DEPRECIATION
At 1 February 2023 32,421 5,628 242,902
Charge for year 11,553 541 122,039
Eliminated on disposal - - (4,257 )
At 31 January 2024 43,974 6,169 360,684
NET BOOK VALUE
At 31 January 2024 34,658 683 492,015
At 31 January 2023 46,211 392 629,416

Tooling and equipment within Plant and Machinery were valued on an open market basis on 31 January 2023 by Aircraft and Ground Ltd, who do not have formal valuation qualifications but have experience in selling new and use aircraft ground support equipment.

GJD SERVICES LIMITED (REGISTERED NUMBER: SC261851)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 92,577 136,756
Other debtors 96,782 34,970
Tax - 585
Social security & other taxes 290 -
Prepayments and accrued income 29,163 17,796
218,812 190,107

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,271 19,701
Hire purchase contracts (see note 8) 5,227 9,066
Trade creditors - 2,310
VAT 36,230 25,178
Other creditors 5,433 31,275
Directors' current accounts 138,681 56,809
Accruals and deferred income 24,199 13,434
Deferred government grants 20,502 40,200
250,543 197,973

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 31,512 51,783
Hire purchase contracts (see note 8) 13,178 18,405
Deferred government grants 116,178 120,600
160,868 190,788

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 5,227 9,066
Between one and five years 13,178 18,405
18,405 27,471

GJD SERVICES LIMITED (REGISTERED NUMBER: SC261851)

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

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 76,081 103,570
Between one and five years 22,660 98,741
98,741 202,311

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 51,783 71,484
Hire purchase contracts 18,405 27,471
70,188 98,955

The loans are secured against the assets with which they relate to.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 100 100

11. RESERVES
Revaluation
reserve
£   
At 1 February 2023 156,536
Revaluation (44,116 )

At 31 January 2024 112,420