11 false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 15,000 14,875 125 15,000 125 xbrli:pure xbrli:shares iso4217:GBP 4823510 2023-08-01 2024-07-31 4823510 2024-07-31 4823510 2023-07-31 4823510 2022-08-01 2023-07-31 4823510 2023-07-31 4823510 2022-07-31 4823510 core:NetGoodwill 2023-08-01 2024-07-31 4823510 bus:Director1 2023-08-01 2024-07-31 4823510 bus:Director2 2023-08-01 2024-07-31 4823510 core:NetGoodwill 2023-07-31 4823510 core:NetGoodwill 2024-07-31 4823510 core:WithinOneYear 2024-07-31 4823510 core:WithinOneYear 2023-07-31 4823510 core:ShareCapital 2024-07-31 4823510 core:ShareCapital 2023-07-31 4823510 core:RetainedEarningsAccumulatedLosses 2024-07-31 4823510 core:RetainedEarningsAccumulatedLosses 2023-07-31 4823510 core:NetGoodwill 2023-07-31 4823510 bus:SmallEntities 2023-08-01 2024-07-31 4823510 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 4823510 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 4823510 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 4823510 bus:FullAccounts 2023-08-01 2024-07-31
COMPANY REGISTRATION NUMBER: 4823510
J G Bricklaying Ltd
Filleted Unaudited Financial Statements
31 July 2024
J G Bricklaying Ltd
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
125
Current assets
Stocks
37,257
297,619
Debtors
6
1,216,805
1,149,922
Cash at bank and in hand
71,076
88,914
------------
------------
1,325,138
1,536,455
Creditors: amounts falling due within one year
7
532,787
709,819
------------
------------
Net current assets
792,351
826,636
---------
---------
Total assets less current liabilities
792,351
826,761
---------
---------
Net assets
792,351
826,761
---------
---------
Capital and reserves
Called up share capital
2
3
Profit and loss account
792,349
826,758
---------
---------
Shareholders funds
792,351
826,761
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
J G Bricklaying Ltd
Statement of Financial Position (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 24 January 2025 , and are signed on behalf of the board by:
Mr J Gwyther
Mr D Brain
Director
Director
Company registration number: 4823510
J G Bricklaying Ltd
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 339 Two Mile Hill Road, Kingswood, Bristol, BS15 1AN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income 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.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
5% straight line
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.
Impairment of fixed 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 measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2023: 12 ).
5. Intangible assets
Goodwill
£
Cost
At 1 August 2023 and 31 July 2024
15,000
--------
Amortisation
At 1 August 2023
14,875
Charge for the year
125
--------
At 31 July 2024
15,000
--------
Carrying amount
At 31 July 2024
--------
At 31 July 2023
125
--------
6. Debtors
2024
2023
£
£
Trade debtors
1,071,358
1,081,107
Other debtors
145,447
68,815
------------
------------
1,216,805
1,149,922
------------
------------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
247,184
130,752
Amounts owed to group undertakings and undertakings in which the company has a participating interest
46,284
550,348
Corporation tax
189,770
Social security and other taxes
47,248
27,019
Other creditors
2,301
1,700
---------
---------
532,787
709,819
---------
---------
8. Related party transactions
The Company paid a dividend to the holding Company J G Holdings Ltd of £589,125 (2023 £223,849). At the end of the accounting period the Company owed £46,284 (2023 £550,349) to the Holding Company.