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REGISTERED NUMBER: 13262384 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

JGL CONSTRUCTION & DEVELOPMENT LIMITED

JGL CONSTRUCTION & DEVELOPMENT LIMITED (REGISTERED NUMBER: 13262384)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JGL CONSTRUCTION & DEVELOPMENT LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Glover
B Jarvis





REGISTERED OFFICE: The Chestnuts
Brewers End
Takeley
Essex
CM22 6QJ





REGISTERED NUMBER: 13262384 (England and Wales)





ACCOUNTANTS: Allium Wood Limited
Chartered Certified Accountants
The Chestnuts
Brewers End
Takeley
Essex
CM22 6QJ

JGL CONSTRUCTION & DEVELOPMENT LIMITED (REGISTERED NUMBER: 13262384)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 46,872 32,523

CURRENT ASSETS
Debtors 5 880,638 676,850
Cash at bank 909,545 714,975
1,790,183 1,391,825
CREDITORS
Amounts falling due within one year 6 (745,500 ) (878,722 )
NET CURRENT ASSETS 1,044,683 513,103
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,091,555

545,626

CREDITORS
Amounts falling due after more than one
year

7

(791

)

(9,773

)

PROVISIONS FOR LIABILITIES (11,718 ) (6,179 )
NET ASSETS 1,079,046 529,674

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 1,078,746 529,374
1,079,046 529,674

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

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

JGL CONSTRUCTION & DEVELOPMENT LIMITED (REGISTERED NUMBER: 13262384)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:




J Glover - Director



B Jarvis - Director


JGL CONSTRUCTION & DEVELOPMENT LIMITED (REGISTERED NUMBER: 13262384)

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


1. STATUTORY INFORMATION

JGL Construction & Development 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 earned from rendering of services and from construction contracts.

Revenue from these services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract, subject to the following conditions being satisfied:

- the amount of revenue, costs incurred, future costs to complete and stage of completion can all be measured reliably and

- it is probable that the Company will receive the consideration.

The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Where a loss is expected on contract, the loss shall be recognised immediately.

When the outcome of a construction contract can not be estimated reliably then the revenue is recognised equal to the costs incurred and it is probable the costs will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

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.

JGL CONSTRUCTION & DEVELOPMENT LIMITED (REGISTERED NUMBER: 13262384)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 41,286
Additions 23,364
At 31 March 2024 64,650
DEPRECIATION
At 1 April 2023 8,763
Charge for year 9,015
At 31 March 2024 17,778
NET BOOK VALUE
At 31 March 2024 46,872
At 31 March 2023 32,523

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 26,992
DEPRECIATION
At 1 April 2023 7,169
Charge for year 4,956
At 31 March 2024 12,125
NET BOOK VALUE
At 31 March 2024 14,867
At 31 March 2023 19,823

JGL CONSTRUCTION & DEVELOPMENT LIMITED (REGISTERED NUMBER: 13262384)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 521,312 650,201
Other debtors 359,326 26,649
880,638 676,850

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 8,982 8,102
Trade creditors 245,753 37,074
Taxation and social security 258,930 106,082
Other creditors 231,835 727,464
745,500 878,722

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 791 9,773

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 8,982 8,102
Between one and five years 791 9,773
9,773 17,875

Non-cancellable operating leases
2024 2023
£    £   
Within one year 37,237 18,817

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
J Glover
Balance outstanding at start of year - -
Amounts advanced 60,318 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 60,318 -

The loan to the director attracts interest at the Official Rate of Interest.