Company Registration No. 02753600 (England and Wales)
J.g. Black Polymers Limited
Unaudited accounts
for the year ended 31 December 2024
J.g. Black Polymers Limited
Unaudited accounts
Contents
J.g. Black Polymers Limited
Company Information
for the year ended 31 December 2024
Director
John Gilchrist Black
Company Number
02753600 (England and Wales)
Registered Office
Aldersyde
Lowick Green
Ulverston
Cumbria
LA12 8DY
England
Accountants
EHA Accountancy Ltd
2 Lower Brook Street
Ulverston
Cumbria
LA12 7EE
J.g. Black Polymers Limited
Statement of financial position
as at 31 December 2024
Tangible assets
261,454
257,921
Cash at bank and in hand
67,489
88,099
Creditors: amounts falling due within one year
(2,912)
(1,767)
Net current assets
65,619
91,373
Net assets
327,073
349,294
Called up share capital
1,000
1,000
Profit and loss account
326,073
348,294
Shareholders' funds
327,073
349,294
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 10 March 2025 and were signed on its behalf by
John Gilchrist Black
Director
Company Registration No. 02753600
J.g. Black Polymers Limited
Notes to the Accounts
for the year ended 31 December 2024
J.g. Black Polymers Limited is a private company, limited by shares, registered in England and Wales, registration number 02753600. The registered office is Aldersyde, Lowick Green, Ulverston, Cumbria, LA12 8DY, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
230,000
1,850
63,950
295,800
Additions
10,514
-
-
10,514
At 31 December 2024
240,514
1,850
63,950
306,314
At 1 January 2024
-
906
36,973
37,879
Charge for the year
-
236
6,745
6,981
At 31 December 2024
-
1,142
43,718
44,860
At 31 December 2024
240,514
708
20,232
261,454
At 31 December 2023
230,000
944
26,977
257,921
J.g. Black Polymers Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Accrued income and prepayments
737
632
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
949
-
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Transactions with related parties
There is an amount owed to the director from the company of £949 at the year end, in 2023 the director owed the company £4,409. No interest has been charged on this balance.
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Average number of employees
During the year the average number of employees was 0 (2023: 0).