Company Registration No. 10006920 (England and Wales)
J & G Developments Yorkshire Ltd
Unaudited accounts
for the year ended 29 February 2024
J & G Developments Yorkshire Ltd
Unaudited accounts
Contents
J & G Developments Yorkshire Ltd
Company Information
for the year ended 29 February 2024
Directors
Greg John Sheard
Janine Sheard
Company Number
10006920 (England and Wales)
Registered Office
35 Lamb Springs Lane
Esholt
Shipley
West Yorkshire
BD17 7QY
Accountants
LOVEaccounting
17 Wakefield Road
Hipperholme
Halifax
HX3 8AA
J & G Developments Yorkshire Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
67,718
22,769
Cash at bank and in hand
348,199
330,573
Creditors: amounts falling due within one year
(101,455)
(87,965)
Net current assets
319,306
311,130
Total assets less current liabilities
387,024
333,899
Provisions for liabilities
Deferred tax
(12,867)
(4,326)
Net assets
374,157
329,573
Called up share capital
100
100
Profit and loss account
374,057
329,473
Shareholders' funds
374,157
329,573
For the year ending 29 February 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by
Janine Sheard
Director
Company Registration No. 10006920
J & G Developments Yorkshire Ltd
Notes to the Accounts
for the year ended 29 February 2024
J & G Developments Yorkshire Ltd is a private company, limited by shares, registered in England and Wales, registration number 10006920. The registered office is 35 Lamb Springs Lane, Esholt, Shipley, West Yorkshire, BD17 7QY.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33.33% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
J & G Developments Yorkshire Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
10,792
29,333
1,562
41,687
Additions
3,414
117,537
509
121,460
Disposals
-
(53,783)
-
(53,783)
At 29 February 2024
14,206
93,087
2,071
109,364
At 1 March 2023
4,817
12,833
1,268
18,918
Charge for the year
2,347
20,064
317
22,728
At 29 February 2024
7,164
32,897
1,585
41,646
At 29 February 2024
7,042
60,190
486
67,718
At 28 February 2023
5,975
16,500
294
22,769
Amounts falling due within one year
Trade debtors
71,834
62,524
Accrued income and prepayments
258
1,694
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
6,673
25,291
Loans from directors
4,005
-
Deferred income
57,569
35,805
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loans to the director are interest-free and repayable upon demand
1,613
-
1,613
-
Loans to the director are interest-free and repayable upon demand
1,612
-
1,612
-
J & G Developments Yorkshire Ltd
Notes to the Accounts
for the year ended 29 February 2024
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).