REGISTERED NUMBER: 13262384 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

JGL CONSTRUCTION & DEVELOPMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Glover

B Jarvis

REGISTERED OFFICE:

The Chestnuts

Brewers End

Takeley

Essex

CM22 6QJ

REGISTERED NUMBER:

13262384 (England and Wales)

ACCOUNTANTS:

Allium Wood Limited

Chartered Certified Accountants

The Chestnuts

Brewers End

Takeley

Essex

CM22 6QJ

FIXED ASSETS

Tangible assets

4

72,050

46,872

CURRENT ASSETS

Debtors

5

2,410,457

880,638

Cash at bank

594,215

909,545

3,004,672

1,790,183

CREDITORS

Amounts falling due within one year

6

(1,541,036

)

(745,500

)

NET CURRENT ASSETS

1,463,636

1,044,683

TOTAL ASSETS LESS CURRENT LIABILITIES

1,535,686

1,091,555

CREDITORS

Amounts falling due after more than one year

7

(26,898

)

(791

)

PROVISIONS FOR LIABILITIES

(18,013

)

(11,718

)

NET ASSETS

1,490,775

1,079,046

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

1,490,475

1,078,746

1,490,775

1,079,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 7 November 2025 and were signed on its behalf by:

J Glover - Director

B Jarvis - Director

1.	STATUTORY INFORMATION

JGL Construction & Development 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.

Turnover

Turnover is earned from rendering of services and from construction contracts.

Revenue from these services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract, subject to the following conditions being satisfied:

- the amount of revenue, costs incurred, future costs to complete and stage of completion can all be measured reliably and

- it is probable that the Company will receive the consideration.

The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Where a loss is expected on contract, the loss shall be recognised immediately.

When the outcome of a construction contract can not be estimated reliably then the revenue is recognised equal to the costs incurred and it is probable the costs will be recovered.

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 etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

64,650

Additions

47,037

At 31 March 2025

111,687

DEPRECIATION

At 1 April 2024

17,778

Charge for year

21,859

At 31 March 2025

39,637

NET BOOK VALUE

At 31 March 2025

72,050

At 31 March 2024

46,872

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

Plant and

machinery

etc

£

COST

At 1 April 2024

26,992

Additions

42,713

At 31 March 2025

69,705

DEPRECIATION

At 1 April 2024

12,125

Charge for year

13,505

At 31 March 2025

25,630

NET BOOK VALUE

At 31 March 2025

44,075

At 31 March 2024

14,867

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,059,195

521,312

Other debtors

1,351,262

359,326

2,410,457

880,638

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

5,998

8,982

Trade creditors

891,147

245,753

Taxation and social security

436,945

258,930

Other creditors

206,946

231,835

1,541,036

745,500

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

26,898

791

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2025

2024

£

£

Net obligations repayable:

Within one year

5,998

8,982

Between one and five years

26,898

791

32,896

9,773

Non-cancellable operating

leases

2025

2024

£

£

Within one year

32,460

37,237

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

J Glover

Balance outstanding at start of year

60,318

-

Amounts advanced

-

60,318

Amounts repaid

(60,318

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

60,318

The loan to the director attracts interest at 2.25% per annum and is repayable on demand.