J E Gardner Group Limited,Ltd - AccountsLtd - Accounts

J E Gardner Group Limited,Ltd - AccountsLtd - Accounts


2018-04-01 01026242 2019-03-31 01026242 2018-04-01 2019-03-31 01026242 2018-03-31 01026242 2017-04-01 2018-03-31 01026242 uk-core:WithinOneYear 2018-03-31 01026242 uk-core:WithinOneYear 2019-03-31 01026242 uk-core:ShareCapital 2019-03-31 01026242 uk-core:ShareCapital 2018-03-31 01026242 uk-core:RevaluationReserve 2019-03-31 01026242 uk-core:RevaluationReserve 2018-03-31 01026242 uk-core:RetainedEarningsAccumulatedLosses 2019-03-31 01026242 uk-core:RetainedEarningsAccumulatedLosses 2018-03-31 01026242 uk-bus:Director1 2018-04-01 2019-03-31 01026242 uk-core:ToolsEquipment 2018-04-01 2019-03-31 01026242 uk-core:ToolsEquipment 2018-03-31 01026242 uk-core:InvestmentPropertyIncludedWithinPPE 2018-03-31 01026242 uk-core:InvestmentPropertyIncludedWithinPPE 2019-03-31 01026242 uk-core:ToolsEquipment 2019-03-31 01026242 uk-core:InvestmentPropertyIncludedWithinPPE 2018-04-01 2019-03-31 iso4217:GBP 01026242 uk-bus:AuditExemptWithAccountantsReport 2018-04-01 2019-03-31 01026242 uk-bus:FRS102 2018-04-01 2019-03-31 01026242 uk-bus:FullAccounts 2018-04-01 2019-03-31 01026242 uk-bus:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31
J E Gardner Group Limited
Registered Number:01026242
For the year ended 31 March 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2019
J E Gardner Group Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2019
J E Gardner Group Limited
Statement of Financial Position
Registered Number :
01026242
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
2,752,082
2,752,449
2
2,752,082
2,752,449
Current assets
Trade and other receivables
102,667
122,923
3
201,421
Cash and cash equivalents
181,002
303,925
304,088
Trade and other payables: amounts falling due within one
year
(177,514)
(186,700)
4
126,574
117,225
Net current assets
Total assets less current liabilities
2,869,307
2,879,023
2,869,307
Net assets
2,879,023
Capital and reserves
Called up share capital
204
204
Revaluation reserve
1,466,963
1,466,963
5
Retained earnings
1,402,140
1,411,856
2,869,307
2,879,023
Shareholders' funds
For the year ended 31 March 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Gary Paul Gardner Director
These financial statements were approved and authorised for issue by the Board on 08 October 2019 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2019
J E Gardner Group Limited
Notes to the Financial Statements
Statutory Information
J E Gardner Group Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 01026242.
Registered address:
The Homestead
Frog Lane
Lathom
Ormskirk
L40 4BJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15 Reducing balance
Computer equipment
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
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5
For the year ended 31 March 2019
J E Gardner Group Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Land and
buildings
£
£
£
Cost or
valuation
At 01 April 2018
2,767,207
17,207
2,750,000
At 31 March 2019
2,750,000
17,207
2,767,207
Provision for depreciation and impairment
At 01 April 2018
14,758
14,758
-
Charge for year
367
367
-
At 31 March 2019
15,125
15,125
-
At 31 March 2019
Net book value
2,750,000
2,082
2,752,082
At 31 March 2018
2,750,000
2,449
2,752,449
3. Trade and other receivables
2018
2019
£
£
Amounts owed by group undertakings and participating interests
-
100,000
Other debtors
122,923
2,667
102,667
122,923
4. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Taxation and social security
52,671
50,630
Other creditors
134,029
126,884
186,700
177,514
5. Reserves
Total
£
Revaluation reserve at 01 April 2018
1,466,963
1,466,963
Revaluation reserve at 31 March 2019
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