J.A.G ALBA Ltd SC502106 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is SITE MAINTENANCE Digita Accounts Production Advanced 6.30.9574.0 true true SC502106 2023-04-01 2024-03-31 SC502106 2024-03-31 SC502106 2 2024-03-31 SC502106 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC502106 core:ShareCapital 2024-03-31 SC502106 core:CurrentFinancialInstruments 2024-03-31 SC502106 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 SC502106 core:FurnitureFittingsToolsEquipment 2024-03-31 SC502106 bus:SmallEntities 2023-04-01 2024-03-31 SC502106 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC502106 bus:FilletedAccounts 2023-04-01 2024-03-31 SC502106 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC502106 bus:RegisteredOffice 2023-04-01 2024-03-31 SC502106 bus:Director1 2023-04-01 2024-03-31 SC502106 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC502106 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 SC502106 core:OfficeEquipment 2023-04-01 2024-03-31 SC502106 countries:Scotland 2023-04-01 2024-03-31 SC502106 2023-03-31 SC502106 core:FurnitureFittingsToolsEquipment 2023-03-31 SC502106 2022-04-01 2023-03-31 SC502106 2023-03-31 SC502106 2 2023-03-31 SC502106 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC502106 core:ShareCapital 2023-03-31 SC502106 core:CurrentFinancialInstruments 2023-03-31 SC502106 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 SC502106 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: SC502106

J.A.G ALBA Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

J.A.G ALBA Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

J.A.G ALBA Ltd

(Registration number: SC502106)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

124

146

Current assets

 

Debtors

5

-

323

Cash at bank and in hand

 

45,350

46,828

 

45,350

47,151

Creditors: Amounts falling due within one year

6

(103,573)

(103,873)

Net current liabilities

 

(58,223)

(56,722)

Net liabilities

 

(58,099)

(56,576)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(58,100)

(56,577)

Shareholders' deficit

 

(58,099)

(56,576)

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 18 November 2024
 

.........................................
Mr Grant Alexander Johnston
Director

 

J.A.G ALBA Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office and principle place of business is:
28 Lingard Street
Carnoustie
Angus
DD7 7PY
Scotland

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

Reducing balance - 15%

 

J.A.G ALBA Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as paid or payable to the shareholder in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 0 (2023 - 0).

 

J.A.G ALBA Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

532

532

At 31 March 2024

532

532

Depreciation

At 1 April 2023

386

386

Charge for the year

22

22

At 31 March 2024

408

408

Carrying amount

At 31 March 2024

124

124

At 31 March 2023

146

146

5

Debtors

Note

2024
£

2023
£

Income tax asset

-

323

 

-

323

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

540

840

Other creditors

103,033

103,033

103,573

103,873