Company No:
Contents
DIRECTORS | Neville Wayne Joyce |
Malcolm Peter Maginnis | |
Roderick Charles Wilson |
SECRETARY | Alison Topp |
REGISTERED OFFICE | Unit 2 Birch Business Park |
Whittle Lane | |
Heywood | |
OL10 2SX | |
United Kingdom |
COMPANY NUMBER | 02185080 (England and Wales) |
AUDITOR | Dixon Wilson Audit Services LLP |
Statutory Auditor | |
22 Chancery Lane | |
London | |
WC2A 1LS |
Note | 30.06.2024 | 30.06.2023 | ||
£ | £ | |||
Fixed assets | ||||
Intangible assets | 3 |
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Tangible assets | 4 |
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391,956 | 393,999 | |||
Current assets | ||||
Stocks | 5 |
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Debtors | 6 |
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Cash at bank and in hand |
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1,936,453 | 2,244,027 | |||
Creditors: amounts falling due within one year | 7 | (
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Net current (liabilities)/assets | (171,646) | 695,528 | ||
Total assets less current liabilities | 220,310 | 1,089,527 | ||
Creditors: amounts falling due after more than one year | 8 | (
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Provision for liabilities | 9 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholder's funds |
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These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of G.J.D Manufacturing Limited (registered number:
Neville Wayne Joyce
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.
G.J.D Manufacturing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Unit 2 Birch Business Park, Whittle Lane, Heywood, OL10 2SX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors assessed the Balance Sheet and likely future cash flows at the time of approving these financial statements. The parent company, AVA Risk Group Limited, continues providing business and financial support to the company. Therefore, the directors ensure that the company has adequate resources to continue operating and meet its financial obligations, which are due at least 12 months after signing these financial statements. Accordingly, they continue to adopt the going concern basis when preparing financial statements.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Computer software |
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Trademarks, patents and licences |
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Leasehold improvements |
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Plant and machinery |
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Computer equipment |
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Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over theiruseful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract.
Rentals applicable to operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged against profits on a straight line basis over the period of the lease.
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
The company operates a defined contribution pension plan. The amount charged to the profit and loss account in respect of pension costs is the contributions paid in the year.
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within group.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Year ended 30.06.2024 |
Period from 01.08.2022 to 30.06.2023 |
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Number | Number | ||
Monthly average number of persons employed by the company during the year, including directors |
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Computer software | Trademarks, patents and licences |
Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 July 2023 |
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Additions |
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At 30 June 2024 |
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Accumulated amortisation | |||||
At 01 July 2023 |
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Charge for the financial year |
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At 30 June 2024 |
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Net book value | |||||
At 30 June 2024 |
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At 30 June 2023 |
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Leasehold improve- ments |
Plant and machinery | Computer equipment | Total | ||||
£ | £ | £ | £ | ||||
Cost | |||||||
At 01 July 2023 |
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Additions |
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Disposals |
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At 30 June 2024 |
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Accumulated depreciation | |||||||
At 01 July 2023 |
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Charge for the financial year |
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Disposals |
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At 30 June 2024 |
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Net book value | |||||||
At 30 June 2024 |
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At 30 June 2023 |
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30.06.2024 | 30.06.2023 | ||
£ | £ | ||
Raw materials |
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Work in progress |
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Finished goods |
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30.06.2024 | 30.06.2023 | ||
£ | £ | ||
Trade debtors |
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Amounts owed by group undertakings |
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Prepayments |
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Corporation tax |
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30.06.2024 | 30.06.2023 | ||
£ | £ | ||
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
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Other loans |
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Accruals and deferred income |
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Other taxation and social security |
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Obligations under finance leases and hire purchase contracts |
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Other creditors |
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30.06.2024 | 30.06.2023 | ||
£ | £ | ||
Bank loans |
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Obligations under finance leases and hire purchase contracts |
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30.06.2024 | 30.06.2023 | ||
£ | £ | ||
Deferred tax |
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Product warranty provision |
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Deferred taxation | Product warranties | Total | |||
£ | £ | £ | |||
At 01 July 2023 |
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101,980 | ||
Charged/(credited) to the Profit and Loss Account | (
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( 19,622) | ||
At 30 June 2024 |
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82,358 | ||
Deferred tax
30.06.2024 | 30.06.2023 | ||
£ | £ | ||
Accelerated capital allowances |
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Tax losses available |
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(
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Provision for deferred tax |
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Contingent liabilities
30.06.2024 | 30.06.2023 | ||
£ | £ | ||
Total secured liabilities |
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The audit report was signed by Steven Wakefield on behalf of Dixon Wilson Audit Services LLP.