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REGISTERED NUMBER: 09212483 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2024

FOR

G J ELGAR CONSTRUCTION LIMITED

G J ELGAR CONSTRUCTION LIMITED (REGISTERED NUMBER: 09212483)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


G J ELGAR CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2024







DIRECTORS: S Elgar
Mrs L Elgar
G Elgar
Mrs C Elgar
N G Elliott





REGISTERED OFFICE: 2 The Links
Herne Bay
Kent
CT6 7GQ





BUSINESS ADDRESS: Unit 2 Eden Business Centre
South Stour Avenue
Ashford
Kent
TN23 7RS





REGISTERED NUMBER: 09212483 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ

G J ELGAR CONSTRUCTION LIMITED (REGISTERED NUMBER: 09212483)

ABRIDGED BALANCE SHEET
30TH NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 16,500
Tangible assets 6 608,378 491,197
608,378 507,697

CURRENT ASSETS
Stocks 128,853 125,346
Debtors 845,089 1,226,947
Cash at bank 953,428 628,430
1,927,370 1,980,723
CREDITORS
Amounts falling due within one year 1,217,247 1,310,341
NET CURRENT ASSETS 710,123 670,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,318,501

1,178,079

CREDITORS
Amounts falling due after more than one
year

(73,473

)

(93,395

)

PROVISIONS FOR LIABILITIES (152,094 ) (122,800 )
NET ASSETS 1,092,934 961,884

CAPITAL AND RESERVES
Called up share capital 7 101 101
Retained earnings 1,092,833 961,783
SHAREHOLDERS' FUNDS 1,092,934 961,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

G J ELGAR CONSTRUCTION LIMITED (REGISTERED NUMBER: 09212483)

ABRIDGED BALANCE SHEET - continued
30TH NOVEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th June 2025 and were signed on its behalf by:




G Elgar - Director



Mrs L Elgar - Director


G J ELGAR CONSTRUCTION LIMITED (REGISTERED NUMBER: 09212483)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024

1. STATUTORY INFORMATION

G J Elgar Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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 the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Goodwill arsing on the acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful cannot be made.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on a straight line basis

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

G J ELGAR CONSTRUCTION LIMITED (REGISTERED NUMBER: 09212483)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st December 2023
and 30th November 2024 165,000
AMORTISATION
At 1st December 2023 148,500
Amortisation for year 16,500
At 30th November 2024 165,000
NET BOOK VALUE

At 30th November 2024 -
At 30th November 2023 16,500

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st December 2023 668,747
Additions 226,339
Disposals (26,297 )
At 30th November 2024 868,789
DEPRECIATION
At 1st December 2023 177,550
Charge for year 94,198
Eliminated on disposal (11,337 )
At 30th November 2024 260,411
NET BOOK VALUE
At 30th November 2024 608,378
At 30th November 2023 491,197

G J ELGAR CONSTRUCTION LIMITED (REGISTERED NUMBER: 09212483)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st December 2023 210,570
Additions 70,930
Transfer to ownership (64,681 )
At 30th November 2024 216,819
DEPRECIATION
At 1st December 2023 52,065
Charge for year 17,682
Transfer to ownership (19,186 )
At 30th November 2024 50,561
NET BOOK VALUE
At 30th November 2024 166,258
At 30th November 2023 158,505

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
1 Ordinary B £1 1 1
101 101

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th November 2024 and 30th November 2023:

2024 2023
£    £   
G Elgar
Balance outstanding at start of year 82,734 (2,091 )
Amounts advanced 30,217 87,091
Amounts repaid (100,312 ) (2,266 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,639 82,734