J G D Construction Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06049258 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2021

FOR

J G D CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J G Dodds

SECRETARY:

Mrs L Dodds

REGISTERED OFFICE:

1 Cricklade Court

Cricklade Street

Swindon

Wiltshire

SN1 3EY

REGISTERED NUMBER:

06049258 (England and Wales)

ACCOUNTANTS:

Ekins & Co (Swindon)

Accountants and Tax Advisors

1 Cricklade Court

Cricklade Street

Old Town

SWINDON

Wiltshire

SN1 3EY

FIXED ASSETS

Tangible assets

4

57,067

98,269

CURRENT ASSETS

Stocks

58,167

41,771

Debtors

5

1,957

24,142

Cash at bank

59,983

80,024

120,107

145,937

CREDITORS

Amounts falling due within one year

6

74,723

62,894

NET CURRENT ASSETS

45,384

83,043

TOTAL ASSETS LESS CURRENT LIABILITIES

102,451

181,312

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

102,351

181,212

SHAREHOLDERS' FUNDS

102,451

181,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2021 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.

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 22 December 2021 and were signed by:

J G Dodds - Director

1.	STATUTORY INFORMATION

J G D Construction 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery - 20% cost

Fixtures & fittings - 20% cost

Motor vehicles - 25% cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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 7 (2020 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2020

304,669

Additions

258

At 5 April 2021

304,927

DEPRECIATION

At 6 April 2020

206,400

Charge for year

41,460

At 5 April 2021

247,860

NET BOOK VALUE

At 5 April 2021

57,067

At 5 April 2020

98,269

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.21

5.4.20

£

£

Trade debtors

1,530

22,890

Other debtors

427

1,252

1,957

24,142

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.21

5.4.20

£

£

Hire purchase contracts

14,122

24,383

Trade creditors

29,680

10,480

Taxation and social security

19,172

16,280

Other creditors

11,749

11,751

74,723

62,894