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REGISTERED NUMBER: 07766494 (England and Wales)















TJG ENTERPRISES LIMITED

Unaudited Financial Statements

for the Year Ended 31 January 2024






TJG ENTERPRISES LIMITED (REGISTERED NUMBER: 07766494)






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


TJG ENTERPRISES LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTOR: T J Gent





REGISTERED OFFICE: Unit 15B
Atlantic Trading Estate
Barry
CF63 3RF





REGISTERED NUMBER: 07766494 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

TJG ENTERPRISES LIMITED (REGISTERED NUMBER: 07766494)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 38,400 40,800
Tangible assets 5 325,752 339,801
Investment property 6 887,474 850,000
1,251,626 1,230,601

CURRENT ASSETS
Stocks - 8,820
Debtors 7 501,962 178,512
Cash at bank and in hand 65,964 9,474
567,926 196,806
CREDITORS
Amounts falling due within one year 8 584,228 197,604
NET CURRENT LIABILITIES (16,302 ) (798 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,235,324

1,229,803

CREDITORS
Amounts falling due after more than one year 9 (374,370 ) (401,437 )

PROVISIONS FOR LIABILITIES (61,893 ) (62,107 )
NET ASSETS 799,061 766,259

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 10 400,391 400,391
Retained earnings 398,669 365,867
SHAREHOLDERS' FUNDS 799,061 766,259

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 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.

TJG ENTERPRISES LIMITED (REGISTERED NUMBER: 07766494)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





T J Gent - Director


TJG ENTERPRISES LIMITED (REGISTERED NUMBER: 07766494)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

TJG Enterprises 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 (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

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.

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.

TJG ENTERPRISES LIMITED (REGISTERED NUMBER: 07766494)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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 1 (2023 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 42,000
AMORTISATION
At 1 February 2023 1,200
Charge for year 2,400
At 31 January 2024 3,600
NET BOOK VALUE
At 31 January 2024 38,400
At 31 January 2023 40,800

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023 359,307 118,974 20,170 498,451
Additions 44,580 15,849 - 60,429
At 31 January 2024 403,887 134,823 20,170 558,880
DEPRECIATION
At 1 February 2023 80,167 63,902 14,581 158,650
Charge for year 60,794 12,287 1,397 74,478
At 31 January 2024 140,961 76,189 15,978 233,128
NET BOOK VALUE
At 31 January 2024 262,926 58,634 4,192 325,752
At 31 January 2023 279,140 55,072 5,589 339,801

TJG ENTERPRISES LIMITED (REGISTERED NUMBER: 07766494)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 850,000
Additions 37,474
At 31 January 2024 887,474
NET BOOK VALUE
At 31 January 2024 887,474
At 31 January 2023 850,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 183,097 1,100
Other debtors 318,865 177,412
501,962 178,512

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 26,644 26,039
Hire purchase contracts - 4,451
Trade creditors 94,644 56,384
Taxation and social security 137,179 91,400
Other creditors 325,761 19,330
584,228 197,604

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 374,370 401,437

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 300,358 314,841

10. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 400,391

TJG ENTERPRISES LIMITED (REGISTERED NUMBER: 07766494)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
T J Gent
Balance outstanding at start of year 146,401 117,023
Amounts advanced 367,753 187,954
Amounts repaid (325,158 ) (158,576 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 188,996 146,401