J. G. Redford Limited

J. G. Redford Limited

J. G. REDFORD LIMITED - Company Information

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Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 05176020 Mr Gary Redford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05176020 2022-07-31 05176020 2023-07-31 05176020 2022-08-01 2023-07-31 05176020 frs-core:Non-currentFinancialInstruments 2023-07-31 05176020 frs-core:BetweenOneFiveYears 2023-07-31 05176020 frs-core:NetGoodwill 2022-08-01 2023-07-31 05176020 frs-core:MotorVehicles 2022-08-01 2023-07-31 05176020 frs-core:PlantMachinery 2022-08-01 2023-07-31 05176020 frs-core:WithinOneYear 2023-07-31 05176020 frs-core:ShareCapital 2023-07-31 05176020 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 05176020 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05176020 frs-bus:AbridgedAccounts 2022-08-01 2023-07-31 05176020 frs-bus:SmallEntities 2022-08-01 2023-07-31 05176020 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05176020 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 05176020 frs-bus:Director1 2022-08-01 2023-07-31 05176020 1 2022-08-01 2023-07-31 05176020 frs-countries:EnglandWales 2022-08-01 2023-07-31 05176020 2021-07-31 05176020 2022-07-31 05176020 2021-08-01 2022-07-31 05176020 frs-core:Non-currentFinancialInstruments 2022-07-31 05176020 frs-core:BetweenOneFiveYears 2022-07-31 05176020 frs-core:WithinOneYear 2022-07-31 05176020 frs-core:ShareCapital 2022-07-31 05176020 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 05176020 1 2021-08-01 2022-07-31
Registered number: 05176020
J. G. Redford Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2023
J. G. Redford Limited
Contents
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
J. G. Redford Limited
Abridged Balance Sheet
As At 31 July 2023
Abridged Balance Sheet
Registered number: 05176020
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 44,165 25,590
44,165 25,590
CURRENT ASSETS
Stocks 132,622 152,863
Debtors 175,565 187,718
Cash at bank and in hand 145,367 190,860
453,554 531,441
Creditors: Amounts Falling Due Within One Year (476,882 ) (552,022 )
NET CURRENT ASSETS (LIABILITIES) (23,328 ) (20,581 )
TOTAL ASSETS LESS CURRENT LIABILITIES 20,837 5,009
Creditors: Amounts Falling Due After More Than One Year (7,917 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,391 ) (4,862 )
NET ASSETS 4,529 147
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 4,429 47
SHAREHOLDERS' FUNDS 4,529 147
Page 1
Page 2
J. G. Redford Limited
Abridged Balance Sheet (continued)
As At 31 July 2023
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Gary Redford
Director
25/04/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
J. G. Redford Limited
Notes to the Abridged Financial Statements
For The Year Ended 31 July 2023
Notes to the Abridged Financial Statements
1. General Information
J. G. Redford Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05176020 . The registered office is Crown House, High Street, Tyldesley, Manchester, M29 8AL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line Basis
Motor Vehicles 25% Straight Line Basis
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J. G. Redford Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 July 2023
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 4
Page 5
J. G. Redford Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 July 2023
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 3 3
Contracting 11 11
14 14
4. Intangible Assets
Total
£
Cost
As at 1 August 2022 25,000
As at 31 July 2023 25,000
Amortisation
As at 1 August 2022 25,000
As at 31 July 2023 25,000
5. Tangible Assets
Total
£
Cost
As at 1 August 2022 149,968
Additions 31,650
As at 31 July 2023 181,618
Depreciation
As at 1 August 2022 124,378
Provided during the period 13,075
As at 31 July 2023 137,453
Net Book Value
As at 31 July 2023 44,165
As at 1 August 2022 25,590
Page 5
Page 6
J. G. Redford Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 July 2023
6. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,000 -
Later than one year and not later than five years 7,917 -
12,917 -
12,917 -
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 6