Company Registration No. 08975084 (England and Wales)
GJ LOCKS LTD
Unaudited accounts
for the year ended 30 April 2024
GJ LOCKS LTD
Unaudited accounts
Contents
GJ LOCKS LTD
Company Information
for the year ended 30 April 2024
Directors
Geraint David Jones
Tracey Nanette Jones
Company Number
08975084 (England and Wales)
Registered Office
22 CARN WEN
BRIDGEND
CF31 5BW
Accountants
Richlands Accountancy Ltd
Richlands
Maesteg Road
Tondu
Bridgend
CF32 9BT
GJ LOCKS LTD
Statement of financial position
as at 30 April 2024
Tangible assets
63,019
32,128
Cash at bank and in hand
18,930
32,229
Creditors: amounts falling due within one year
(47,091)
(48,787)
Net current liabilities
(14,134)
(385)
Total assets less current liabilities
53,560
31,743
Creditors: amounts falling due after more than one year
(32,630)
-
Called up share capital
100
100
Profit and loss account
20,830
31,643
Shareholders' funds
20,930
31,743
For the year ending 30 April 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 29 November 2024 and were signed on its behalf by
Geraint David Jones
Director
Company Registration No. 08975084
GJ LOCKS LTD
Notes to the Accounts
for the year ended 30 April 2024
GJ LOCKS LTD is a private company, limited by shares, registered in England and Wales, registration number 08975084. The registered office is 22 CARN WEN, BRIDGEND, CF31 5BW.
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
20% reducing balance
Motor vehicles
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
GJ LOCKS LTD
Notes to the Accounts
for the year ended 30 April 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
37,509
33,110
1,450
72,069
Additions
461
46,035
52
46,548
Disposals
-
(33,110)
-
(33,110)
At 30 April 2024
37,970
46,035
1,502
85,507
At 1 May 2023
16,035
23,616
290
39,941
Charge for the year
4,387
3,433
242
8,062
On disposals
-
(25,515)
-
(25,515)
At 30 April 2024
20,422
1,534
532
22,488
At 30 April 2024
17,548
44,501
970
63,019
At 30 April 2023
21,474
9,494
1,160
32,128
Amounts falling due within one year
Trade debtors
10,168
13,173
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
4,759
-
Taxes and social security
-
13,285
Loans from directors
34,135
5,509
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
32,630
-
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).