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REGISTERED NUMBER: 04195046 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

JGS ENTERPRISES LIMITED

JGS ENTERPRISES LIMITED (REGISTERED NUMBER: 04195046)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JGS ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: J G Stone





SECRETARY: E P Hone





REGISTERED OFFICE: Ashville
Piddington
Bicester
Oxfordshire
OX25 1QG





REGISTERED NUMBER: 04195046 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

JGS ENTERPRISES LIMITED (REGISTERED NUMBER: 04195046)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 40 49
Investments 6 2,562,413 2,489,437
2,562,453 2,489,486

CURRENT ASSETS
Stocks 99,481 120,167
Debtors 7 1,104 882
Cash at bank and in hand 867,218 846,397
967,803 967,446
CREDITORS
Amounts falling due within one year 8 1,239,421 1,230,264
NET CURRENT LIABILITIES (271,618 ) (262,818 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,290,835

2,226,668

PROVISIONS FOR LIABILITIES 70 70
NET ASSETS 2,290,765 2,226,598

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 2,290,764 2,226,597
SHAREHOLDERS' FUNDS 2,290,765 2,226,598

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

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

The director acknowledges his 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.

JGS ENTERPRISES LIMITED (REGISTERED NUMBER: 04195046)

BALANCE SHEET - continued
30 APRIL 2024


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

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

The financial statements were approved by the director and authorised for issue on 10 July 2025 and were signed by:





J G Stone - Director


JGS ENTERPRISES LIMITED (REGISTERED NUMBER: 04195046)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

JGS Enterprises 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.

2. ACCOUNTING POLICIES

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

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Revenue is recognised for the sale of goods when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on the dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefit will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, has been amortised evenly over its estimated life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


JGS ENTERPRISES LIMITED (REGISTERED NUMBER: 04195046)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investments
Fixed Asset Investments are measured at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 7,500
AMORTISATION
At 1 May 2023
and 30 April 2024 7,500
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures Computer
& Fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 1,450 667 2,117
DEPRECIATION
At 1 May 2023 1,410 658 2,068
Charge for year 6 3 9
At 30 April 2024 1,416 661 2,077
NET BOOK VALUE
At 30 April 2024 34 6 40
At 30 April 2023 40 9 49

JGS ENTERPRISES LIMITED (REGISTERED NUMBER: 04195046)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023 2,489,437
Additions 1,189,813
Disposals (1,116,837 )
At 30 April 2024 2,562,413
NET BOOK VALUE
At 30 April 2024 2,562,413
At 30 April 2023 2,489,437

Fixed Asset Investments represents shares purchased on the London Stock Exchange.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 1,104 882

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 400 -
Taxation 4,602 1,056
Other Taxes & Social Security 59 46
VAT 3,389 4,155
Other creditors - 582
Directors' Current Accounts 1,226,972 1,219,500
Accruals and deferred income 3,999 4,925
1,239,421 1,230,264

9. CALLED UP SHARE CAPITAL

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