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REGISTERED NUMBER: 08053067 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

J G WINDOWS & CLADDING LTD

J G WINDOWS & CLADDING LTD (REGISTERED NUMBER: 08053067)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J G WINDOWS & CLADDING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mrs M Gosling
Mr J Gosling



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 08053067 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Barclays
1 Churchill Place
London
E14 5HP

J G WINDOWS & CLADDING LTD (REGISTERED NUMBER: 08053067)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,103 5,556
4,103 5,556

CURRENT ASSETS
Stocks 6 4,600 4,500
Debtors 7 34,969 22,446
Cash at bank 3,274 11,487
42,843 38,433
CREDITORS
Amounts falling due within one year 8 29,429 20,286
NET CURRENT ASSETS 13,414 18,147
TOTAL ASSETS LESS CURRENT LIABILITIES 17,517 23,703

CREDITORS
Amounts falling due after more than one
year

9

(16,097

)

(19,487

)

PROVISIONS FOR LIABILITIES (780 ) (1,056 )
NET ASSETS 640 3,160

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 520 3,040
SHAREHOLDERS' FUNDS 640 3,160

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

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

J G WINDOWS & CLADDING LTD (REGISTERED NUMBER: 08053067)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:





Mrs M Gosling - Director


J G WINDOWS & CLADDING LTD (REGISTERED NUMBER: 08053067)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

J G Windows & Cladding Ltd 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.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

J G WINDOWS & CLADDING LTD (REGISTERED NUMBER: 08053067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 10,000
AMORTISATION
At 1 September 2023
and 31 August 2024 10,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 2,213 6,000 1,726 9,939
DEPRECIATION
At 1 September 2023 1,326 2,625 432 4,383
Charge for year 177 844 432 1,453
At 31 August 2024 1,503 3,469 864 5,836
NET BOOK VALUE
At 31 August 2024 710 2,531 862 4,103
At 31 August 2023 887 3,375 1,294 5,556

6. STOCKS
2024 2023
£    £   
Stocks 4,600 4,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 3,541
Amounts recoverable on contract 1,733 5,367
Other debtors 8,387 -
Directors' current accounts 24,849 13,538
34,969 22,446

J G WINDOWS & CLADDING LTD (REGISTERED NUMBER: 08053067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,389 3,389
Trade creditors 5,266 7,891
Tax 5,453 3,996
Social security and other taxes 733 325
VAT 4,091 2,719
Other creditors 8,387 -
Accrued expenses 2,110 1,966
29,429 20,286

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,778 -
Bank loans - 2-5 years 9,319 13,556
Bank loans more 5 yrs - 5,931
16,097 19,487

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yrs - 5,931

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mr J Gosling and Mrs M Gosling
Balance outstanding at start of year 13,538 12,667
Amounts advanced 58,077 70,880
Amounts repaid (46,766 ) (70,009 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,849 13,538

Loans are unsecured, interest free and repayable on demand.

11. GOVERNMENT GUARANTEED LOAN

The bank loan of £22,875 is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to 31 May 2030.