Registered number
04787302
C.J.G. Associates Limited
Filleted Accounts
30 June 2024
C.J.G. Associates Limited
Registered number: 04787302
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 85,031 109,696
Current assets
Debtors 4 36,351 97,849
Cash at bank and in hand 5,647 133,568
41,998 231,417
Creditors: amounts falling due within one year 5 (55,611) (194,487)
Net current (liabilities)/assets (13,613) 36,930
Total assets less current liabilities 71,418 146,626
Creditors: amounts falling due after more than one year 6 (15,750) (24,750)
Provisions for liabilities (20,477) -
Net assets 35,191 121,876
Capital and reserves
Called up share capital 10 10
Profit and loss account 35,181 121,866
Shareholders' funds 35,191 121,876
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C S Glover
Director
Approved by the board on 12 March 2025
C.J.G. Associates Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Land and building over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2023 38,998 154,318 193,316
Additions - 10,268 10,268
Disposals - (28,926) (28,926)
At 30 June 2024 38,998 135,660 174,658
Depreciation
At 1 July 2023 13,447 70,173 83,620
Charge for the year 7,799 27,132 34,931
On disposals - (28,924) (28,924)
At 30 June 2024 21,246 68,381 89,627
Net book value
At 30 June 2024 17,752 67,279 85,031
At 30 June 2023 25,551 84,145 109,696
4 Debtors 2024 2023
£ £
Trade debtors 36,351 97,849
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,000 9,000
Trade creditors - 93,646
Taxation and social security costs 40,034 88,485
Other creditors 6,577 3,356
55,611 194,487
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,750 24,750
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 24,750 33,750
The bank loan is charged at a fixed interest rate of 2.5% per annum and is repayable in instalment over 5 years.
8 Other information
C.J.G. Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Buckley Drive
Denshaw Vale
Denshaw
Saddleworth
OL3 5RT
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