Silverfin false 25 March 2025 25 March 2025 Steven Wakefield Dixon Wilson Audit Services LLP 632,909 1,053,845 false true 30/06/2024 01/07/2023 30/06/2024 Neville Wayne Joyce 01/08/2022 Malcolm Peter Maginnis 05/06/2023 Roderick Charles Wilson 05/06/2023 25 March 2025 The principal activity of the company during the period was that of the design, manufacture and maintenance of external detection equipment. 02185080 2024-06-30 02185080 bus:Director1 2024-06-30 02185080 bus:Director2 2024-06-30 02185080 bus:Director3 2024-06-30 02185080 2023-06-30 02185080 core:CurrentFinancialInstruments 2024-06-30 02185080 core:CurrentFinancialInstruments 2023-06-30 02185080 core:Non-currentFinancialInstruments 2024-06-30 02185080 core:Non-currentFinancialInstruments 2023-06-30 02185080 core:ShareCapital 2024-06-30 02185080 core:ShareCapital 2023-06-30 02185080 core:RetainedEarningsAccumulatedLosses 2024-06-30 02185080 core:RetainedEarningsAccumulatedLosses 2023-06-30 02185080 core:ComputerSoftware 2023-06-30 02185080 core:PatentsTrademarksLicencesConcessionsSimilar 2023-06-30 02185080 core:ComputerSoftware 2024-06-30 02185080 core:PatentsTrademarksLicencesConcessionsSimilar 2024-06-30 02185080 core:LeaseholdImprovements 2023-06-30 02185080 core:PlantMachinery 2023-06-30 02185080 core:ComputerEquipment 2023-06-30 02185080 core:LeaseholdImprovements 2024-06-30 02185080 core:PlantMachinery 2024-06-30 02185080 core:ComputerEquipment 2024-06-30 02185080 core:DeferredTaxation 2024-06-30 02185080 core:DeferredTaxation 2023-06-30 02185080 core:Warranties 2024-06-30 02185080 core:Warranties 2023-06-30 02185080 core:AcceleratedTaxDepreciationDeferredTax 2024-06-30 02185080 core:AcceleratedTaxDepreciationDeferredTax 2023-06-30 02185080 core:TaxLossesCarry-forwardsDeferredTax 2024-06-30 02185080 core:TaxLossesCarry-forwardsDeferredTax 2023-06-30 02185080 2023-07-01 2024-06-30 02185080 bus:FilletedAccounts 2023-07-01 2024-06-30 02185080 bus:SmallEntities 2023-07-01 2024-06-30 02185080 bus:Audited 2023-07-01 2024-06-30 02185080 2022-08-01 2023-06-30 02185080 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02185080 bus:Director1 2023-07-01 2024-06-30 02185080 bus:Director2 2023-07-01 2024-06-30 02185080 bus:Director3 2023-07-01 2024-06-30 02185080 core:ComputerSoftware core:TopRangeValue 2023-07-01 2024-06-30 02185080 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2023-07-01 2024-06-30 02185080 core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 02185080 core:LeaseholdImprovements core:TopRangeValue 2023-07-01 2024-06-30 02185080 core:PlantMachinery core:BottomRangeValue 2023-07-01 2024-06-30 02185080 core:PlantMachinery core:TopRangeValue 2023-07-01 2024-06-30 02185080 core:ComputerEquipment core:BottomRangeValue 2023-07-01 2024-06-30 02185080 core:ComputerEquipment core:TopRangeValue 2023-07-01 2024-06-30 02185080 core:ComputerSoftware 2023-07-01 2024-06-30 02185080 core:PatentsTrademarksLicencesConcessionsSimilar 2023-07-01 2024-06-30 02185080 core:LeaseholdImprovements 2023-07-01 2024-06-30 02185080 core:PlantMachinery 2023-07-01 2024-06-30 02185080 core:ComputerEquipment 2023-07-01 2024-06-30 02185080 core:DeferredTaxation 2023-07-01 2024-06-30 02185080 core:Warranties 2023-07-01 2024-06-30 02185080 1 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Company No: 02185080 (England and Wales)

G.J.D MANUFACTURING LIMITED

Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

G.J.D MANUFACTURING LIMITED

Financial Statements

For the financial year ended 30 June 2024

Contents

G.J.D MANUFACTURING LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2024
G.J.D MANUFACTURING LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2024
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
G.J.D MANUFACTURING LIMITED

BALANCE SHEET

As at 30 June 2024
G.J.D MANUFACTURING LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 30.06.2024 30.06.2023
£ £
Fixed assets
Intangible assets 3 116,054 49,860
Tangible assets 4 275,902 344,139
391,956 393,999
Current assets
Stocks 5 949,751 1,242,535
Debtors 6 975,731 986,898
Cash at bank and in hand 10,971 14,594
1,936,453 2,244,027
Creditors: amounts falling due within one year 7 ( 2,108,099) ( 1,548,499)
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 ( 120,058) ( 336,744)
Provision for liabilities 9 ( 82,358) ( 101,980)
Net assets 17,894 650,803
Capital and reserves
Called-up share capital 100 100
Profit and loss account 17,794 650,703
Total shareholder's funds 17,894 650,803

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

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: 02185080) were approved and authorised for issue by the Board of Directors on 25 March 2025. They were signed on its behalf by:

Neville Wayne Joyce
Director
G.J.D MANUFACTURING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
G.J.D MANUFACTURING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

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.

General information and basis of accounting

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 £.

Going concern

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.

Foreign currency

Transactions denominated in foreign currencies are recorded at the rates of exchange ruling at the dates of the transactions, or at an average rate for the period if the rates do not fluctuate significantly. Monetary assets and liabilities are translated at year end exchange rates or, where appropriate, at rates of exchange fixed under the terms of the relevant transaction. The resulting exchange rate differences are charged to the profit and loss account.

Turnover

Turnover represents the value, net of value added tax, of goods and services supplied to customers during the year.

Taxation

Current tax
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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 3 years straight line
Trademarks, patents and licences 3 years straight line
Other intangible assets

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs of acquisition.

Leasehold improvements 5 years straight line
Plant and machinery 2 - 10 years straight line
Computer equipment 2 - 10 years straight line
Leases

The company as lessee
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.

Impairment of assets

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

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

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense.

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.

Defined contribution plans

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.

Related party exemption

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

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.

2. Employees

Year ended
30.06.2024
Period from
01.08.2022 to
30.06.2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 31 29

3. Intangible assets

Computer software Trademarks, patents
and licences
Total
£ £ £
Cost
At 01 July 2023 0 228,838 228,838
Additions 10,504 99,585 110,089
At 30 June 2024 10,504 328,423 338,927
Accumulated amortisation
At 01 July 2023 0 178,978 178,978
Charge for the financial year 3,043 40,852 43,895
At 30 June 2024 3,043 219,830 222,873
Net book value
At 30 June 2024 7,461 108,593 116,054
At 30 June 2023 0 49,860 49,860

4. Tangible assets

Leasehold improve-
ments
Plant and machinery Computer equipment Total
£ £ £ £
Cost
At 01 July 2023 170,861 1,387,177 145,158 1,703,196
Additions 842 35,318 13,210 49,370
Disposals 0 ( 21,520) 0 ( 21,520)
At 30 June 2024 171,703 1,400,975 158,368 1,731,046
Accumulated depreciation
At 01 July 2023 153,767 1,080,292 124,998 1,359,057
Charge for the financial year 6,378 95,225 11,739 113,342
Disposals 0 ( 17,255) 0 ( 17,255)
At 30 June 2024 160,145 1,158,262 136,737 1,455,144
Net book value
At 30 June 2024 11,558 242,713 21,631 275,902
At 30 June 2023 17,094 306,885 20,160 344,139

5. Stocks

30.06.2024 30.06.2023
£ £
Raw materials 646,911 834,730
Work in progress 92,756 96,136
Finished goods 210,084 311,669
949,751 1,242,535

An impairment loss of £11,088 (2023: £13,873) was recognised in administrative expenses against stock during the period.

6. Debtors

30.06.2024 30.06.2023
£ £
Trade debtors 644,453 805,831
Amounts owed by group undertakings 3,345 3,347
Prepayments 202,888 112,679
Corporation tax 125,045 65,041
975,731 986,898

The amounts owed by group undertakings are repayable on demand but in practice are recoverable more than one year after the balance sheet date.

7. Creditors: amounts falling due within one year

30.06.2024 30.06.2023
£ £
Bank loans and overdrafts 514,279 432,547
Trade creditors 206,318 239,788
Amounts owed to group undertakings 744,278 178,790
Other loans 511,878 594,236
Accruals and deferred income 29,951 48,396
Other taxation and social security 36,822 38,880
Obligations under finance leases and hire purchase contracts 49,650 15,862
Other creditors 14,923 0
2,108,099 1,548,499

8. Creditors: amounts falling due after more than one year

30.06.2024 30.06.2023
£ £
Bank loans 110,351 286,916
Obligations under finance leases and hire purchase contracts 9,707 49,828
120,058 336,744

9. Provision for liabilities

30.06.2024 30.06.2023
£ £
Deferred tax 65,790 86,981
Product warranty provision 16,568 14,999
82,358 101,980
Deferred taxation Product warranties Total
£ £ £
At 01 July 2023 86,981 14,999 101,980
Charged/(credited) to the Profit and Loss Account ( 21,191) 1,569 ( 19,622)
At 30 June 2024 65,790 16,568 82,358

Deferred tax

30.06.2024 30.06.2023
£ £
Accelerated capital allowances 65,790 89,934
Tax losses available 0 ( 2,953)
Provision for deferred tax 65,790 86,981

10. Contingencies

Contingent liabilities

30.06.2024 30.06.2023
£ £
Total secured liabilities 1,202,209 1,379,389

The aggregate amount of secured liabilities at the year end totalled £1,202,209 (2023: £1,379,389). The company and the parent company have provided the bank with an unlimited guarantee in support of the group bank borrowings.

11. Audit Opinion

The auditor's report on the accounts for the financial year ended 30 June 2024 was unqualified.

The audit report was signed by Steven Wakefield on behalf of Dixon Wilson Audit Services LLP.

12. Ultimate controlling party

AVA Risk Group Ltd is the parent undertaking of the smallest and largest group which consolidates the financial information of the Company. Copies of the Group's financial statements may be obtained from AVA Risk Group Ltd (https://www.theavagroup.com).