Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30true332022-07-01No description of principal activityfalse27trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05491079 2022-07-01 2023-06-30 05491079 2023-06-30 05491079 2021-07-01 2022-06-30 05491079 2022-06-30 05491079 c:Director1 2022-07-01 2023-06-30 05491079 d:PlantMachinery 2022-07-01 2023-06-30 05491079 d:PlantMachinery 2023-06-30 05491079 d:PlantMachinery 2022-06-30 05491079 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 05491079 d:Goodwill 2023-06-30 05491079 d:Goodwill 2022-06-30 05491079 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05491079 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 05491079 d:ShareCapital 2023-06-30 05491079 d:ShareCapital 2022-06-30 05491079 d:RetainedEarningsAccumulatedLosses 2023-06-30 05491079 d:RetainedEarningsAccumulatedLosses 2022-06-30 05491079 c:FRS102 2022-07-01 2023-06-30 05491079 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 05491079 c:AbridgedAccounts 2022-07-01 2023-06-30 05491079 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 05491079 2 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Company Registration Number 05491079























G D LEE BUILDING SERVICES LIMITED





UNAUDITED
FINANCIAL STATEMENTS





 30 JUNE 2023

























 
G D LEE BUILDING SERVICES LIMITED
REGISTERED NUMBER: 05491079

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
200,080
200,080

Tangible assets
 5 
209,214
311,438

  
409,294
511,518

Current assets
  

Stocks
  
5,695
13,322

Debtors
  
1,040,676
1,223,304

Cash at bank and in hand
  
3,420,078
2,945,078

  
4,466,449
4,181,704

Creditors: amounts falling due within one year
  
(538,145)
(740,846)

Net current assets
  
 
 
3,928,304
 
 
3,440,858

Total assets less current liabilities
  
4,337,598
3,952,376

Provisions for liabilities
  
(86,468)
(59,173)

Net assets
  
4,251,130
3,893,203

Page 1

 
G D LEE BUILDING SERVICES LIMITED
REGISTERED NUMBER: 05491079

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
4,251,030
3,893,103

  
4,251,130
3,893,203


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




G D Lee
Director

Date: 22 September 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
G D LEE BUILDING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of
the registered office is G D Lee Building Services Limited, Unit 6 Larch Court, West Chirton North
Industrial Estate, North Shields, Tyne and Wear, NE29 8SG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is measured at the fair value of the consideration received or receivable, excluding value
added tax, for goods supplied and services rendered during the year. It is recognised at the date the services are performed or the goods delivered.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Statement of Income in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
G D LEE BUILDING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

Taxation represents the sum of tax currently payable and deferred tax.
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 in respect of all timing differences that have originated but not reversed at the balance sheet date. It is measured at the tax rates that are expected to apply in the period in which the deferred tax liability is settled, based on the tax rates (and tax laws) that have been enacted or stantively enacted by the end of the reporting period.

 
2.8

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any impairment loss. They are subject to an annual impairment review and are held at cost where residual value exceeds this.

  
2.9

Tangible fixed assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less depreciation and impairment.
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:
Plant and machinery at 20% and 25% reducing balance.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
G D LEE BUILDING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 27 (2022 - 33).

Page 5

 
G D LEE BUILDING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 July 2022
200,080



At 30 June 2023

200,080






Net book value



At 30 June 2023
200,080



At 30 June 2022
200,080




5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 July 2022
529,234


Disposals
(112,686)



At 30 June 2023

416,548



Depreciation


At 1 July 2022
217,797


Charge for the year on owned assets
34,493


Disposals
(44,956)



At 30 June 2023

207,334



Net book value



At 30 June 2023
209,214



At 30 June 2022
311,438

Page 6

 
G D LEE BUILDING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

Debtors include amounts of £ 160,816 (2022 - £ 154,492) falling due after more than one year.


7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,420,078
2,945,078

3,420,078
2,945,078



8.


Pension commitments

The Company operates a defined contrbutions pension scheme. The assets of the scheme are held seperately from those of the Company in an independently administered fund. Contributions totalling £ 1,329 (2022 - £ 1,078) were payable to the fund at the reporting date and are included
in creditors.


Page 7