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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
Page
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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
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GJ LOCKS LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4,675 
- 
Tangible assets
63,019 
32,128 
67,694 
32,128 
Current assets
Inventories
3,000 
3,000 
Debtors
11,027 
13,173 
Cash at bank and in hand
18,930 
32,229 
32,957 
48,402 
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)
- 
Net assets
20,930 
31,743 
Capital and reserves
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
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GJ LOCKS LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2023
- 
Additions
5,000 
At 30 April 2024
5,000 
Amortisation
At 1 May 2023
- 
Charge for the year
325 
At 30 April 2024
325 
Net book value
At 30 April 2024
4,675 
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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 
Depreciation
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 
Net book value
At 30 April 2024
17,548 
44,501 
970 
63,019 
At 30 April 2023
21,474 
9,494 
1,160 
32,128 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,168 
13,173 
Other debtors
859 
- 
11,027 
13,173 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,997 
23,219 
Obligations under finance leases and hire purchase contracts
4,759 
- 
Trade creditors
- 
(672)
Taxes and social security
- 
13,285 
Loans from directors
34,135 
5,509 
Accruals
2,200 
7,446 
47,091 
48,787 
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).
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