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REGISTERED NUMBER: 04125517 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

G.J.T. LIMITED

G.J.T. LIMITED (REGISTERED NUMBER: 04125517)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.J.T. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr D P Nott
Mr A Dunn
Mr C P Nott





SECRETARY: Mr A Dunn





REGISTERED OFFICE: Springwell Mill
Church Street
Heckmondwike
West Yorkshire
WF16 0LF





REGISTERED NUMBER: 04125517 (England and Wales)





ACCOUNTANTS: Fortus Limited
3 Park Square East
Leeds
LS1 2NE

G.J.T. LIMITED (REGISTERED NUMBER: 04125517)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 472,906 464,627
Investments 5 310,000 310,000
782,906 774,627

CURRENT ASSETS
Stocks 1,425,364 1,369,686
Debtors 6 856,470 1,250,488
Cash at bank and in hand 136,912 383,133
2,418,746 3,003,307
CREDITORS
Amounts falling due within one year 7 1,723,548 2,225,793
NET CURRENT ASSETS 695,198 777,514
TOTAL ASSETS LESS CURRENT LIABILITIES 1,478,104 1,552,141

PROVISIONS FOR LIABILITIES 53,919 37,271
NET ASSETS 1,424,185 1,514,870

CAPITAL AND RESERVES
Called up share capital 81,200 81,200
Capital redemption reserve 194,100 194,100
Retained earnings 1,148,885 1,239,570
1,424,185 1,514,870

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.T. LIMITED (REGISTERED NUMBER: 04125517)

BALANCE SHEET - continued
30 SEPTEMBER 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 Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:





Mr C P Nott - Director


G.J.T. LIMITED (REGISTERED NUMBER: 04125517)

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


1. STATUTORY INFORMATION

G.J.T. 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. 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.

Preparation of consolidated financial statements
The financial statements contain information about G.J.T. Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Revenue recognition
Turnover, which is stated excluding Value Added Tax, is the amount receivable for goods supplied less returns, trade discounts and allowances. Sales are recognised when goods are despatched to customers as this reflects the transfer of risks and rewards of ownership, with provisions made for returns and allowances. Provisions for returns are calculated based on historical return levels.

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.
Freehold property - 15% straight line
Plant and machinery - 33% on cost, 20% on cost and 10% on cost
Motor vehicles - 33% on cost and 25% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, on a weighted average cost basis. Cost includes all expenditure incurred in the normal course of business in bringing the stock to its present location and condition. Net realisable value is based on estimated selling price less further costs to completion and selling costs.

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.


G.J.T. LIMITED (REGISTERED NUMBER: 04125517)

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


2. ACCOUNTING POLICIES - continued
Taxation
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.

Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into Sterling at the rates of exchange at the balance sheet date. Transactions denominated in foreign currencies are translated into Sterling at the rates of exchange prevailing on the date of transaction or, for practical reasons, at average monthly rates where exchange rates do not fluctuate significantly. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and operating leases
Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their useful lives. The interest element of these obligations is charged to the profit and loss account over the relevant period.

Rentals paid under operating leases are charged to the profit and loss account as incurred.


Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. The company pays contributions to privately administered plans on a contractual basis. The company has no further obligations once the contributions have been paid. The contributions are recognised as an employee benefit expense when they are paid.

Operating leases
Rentals paid under operating leases are charged to the profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

G.J.T. LIMITED (REGISTERED NUMBER: 04125517)

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


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 267,060 346,906 10,995 107,328 732,289
Additions - 44,949 10,150 11,391 66,490
Disposals - - (10,995 ) - (10,995 )
At 30 September 2024 267,060 391,855 10,150 118,719 787,784
DEPRECIATION
At 1 October 2023 43,921 149,590 10,308 63,843 267,662
Charge for year 7,933 21,731 2,326 25,534 57,524
Eliminated on disposal - - (10,308 ) - (10,308 )
At 30 September 2024 51,854 171,321 2,326 89,377 314,878
NET BOOK VALUE
At 30 September 2024 215,206 220,534 7,824 29,342 472,906
At 30 September 2023 223,139 197,316 687 43,485 464,627

Included within the above are assets under finance lease of £40,648. Depreciation of £677 has been charged against these assets.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 310,000
NET BOOK VALUE
At 30 September 2024 310,000
At 30 September 2023 310,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 728,597 1,142,508
Tax 24,527 -
Prepayments 103,346 107,980
856,470 1,250,488

Included within trade debtors are debts owed to the company upon which advances have been made by HSBC Invoice Financing Limited and disclosed as part of the creditors in note 8. At 30 September 2024 the amount advanced was £652,845 (2023: £800,514) and this sum is secured by way of a fixed and floating charge against all the company's assets.

G.J.T. LIMITED (REGISTERED NUMBER: 04125517)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 777,644 1,013,048
Amounts owed to group undertakings 121,779 156,415
Corporation Tax 21,526 54,199
Social security and other taxes 10,981 16,266
Pension 6,573 -
VAT 96,838 139,095
Invoice discounting loan 652,845 800,514
Accrued and deferred income 35,362 46,256
1,723,548 2,225,793

The invoice discounting loan is secured against approved trade debtors.

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 32,500 32,500
Between one and five years 24,375 56,875
56,875 89,375

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Invoice discounting loan 652,845 800,514

10. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of Mr D P Nott, a director, by virtue of a controlling interest of the issued ordinary share capital.