G&J Tailoring Limited - Filleted accounts

Registered number

12343812

G&J Tailoring Limited

Unaudited Filleted Accounts

31 December 2024

G&J Tailoring Limited
Registered number:		12343812
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		1,763			1,530

Current assets
Debtors	4	105			1,042
Cash at bank and in hand		14,199			12,912
		14,304			13,954

Creditors: amounts falling due within one year	5	(3,374)			(1,641)

Net current assets			10,930			12,313

Total assets less current liabilities			12,693			13,843

Creditors: amounts falling due after more than one year	6		(4,252)			(4,154)



Net assets			8,441			9,689

Capital and reserves
Called up share capital			100			100
Profit and loss account			8,341			9,589

Shareholders' funds			8,441			9,689

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Georgina Ann Cairncross
Director
Approved by the board on 17 December 2025

G&J Tailoring Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2024				5,303
	Additions				1,617
	At 31 December 2024				6,920

	Depreciation
	At 1 January 2024				3,773
	Charge for the year				1,384
	At 31 December 2024				5,157

	Net book value
	At 31 December 2024				1,763
	At 31 December 2023				1,530


4	Debtors		2024		2023
£				£

	Trade debtors		49		980
	Other debtors		56		62
			105		1,042


5	Creditors: amounts falling due within one year		2024		2023
£				£

	Bank loans and overdrafts		-		47
	Trade creditors		2,108		2,020
	Taxation and social security costs		209		924
	Other creditors		1,057		(1,350)
			3,374		1,641


6	Creditors: amounts falling due after one year		2024		2023
£				£

	Other creditors		4,252		4,154


7	Other information

	G&J Tailoring Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Suite 57-58 Capital Business Centre
	22 Carlton Road
	South Croydon
	CR2 0BS