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REGISTERED NUMBER: 09311380 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

G E INSULATED PANEL SERVICES LIMITED

G E INSULATED PANEL SERVICES LIMITED (REGISTERED NUMBER: 09311380)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022










Page

Company Information 1

Report of the Director 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


G E INSULATED PANEL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2022







DIRECTOR: Mr G Emmitt



REGISTERED OFFICE: 12 Abbey Road
GRIMSBY
DN32 0HL



REGISTERED NUMBER: 09311380 (England and Wales)



ACCOUNTANTS: Smethurst & Co LLP
12 Abbey Road
GRIMSBY
DN32 0HL



BANKERS: Santander Bank plc
49 Victoria Street West
GRIMSBY
DN31 1DE

G E INSULATED PANEL SERVICES LIMITED (REGISTERED NUMBER: 09311380)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 NOVEMBER 2022


The director presents his report with the financial statements of the company for the year ended 30 November 2022.

DIRECTOR
Mr G Emmitt held office during the whole of the period from 1 December 2021 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr G Emmitt - Director


6 September 2023

G E INSULATED PANEL SERVICES LIMITED (REGISTERED NUMBER: 09311380)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2022

30.11.22 30.11.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,000 17,253

CURRENT ASSETS
Stocks 15,000 61,077
Debtors 290,317 159,744
Cash at bank 75,397 67,132
380,714 287,953
CREDITORS
Amounts falling due within one year 178,462 112,222
NET CURRENT ASSETS 202,252 175,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,252

192,984

CREDITORS
Amounts falling due after more than one
year

(38,007

)

(40,493

)

PROVISIONS FOR LIABILITIES (4,804 ) (2,520 )
NET ASSETS 185,441 149,971

CAPITAL AND RESERVES
Allotted, called up and
fully paid share capital 1 1
Profit and loss account 185,440 149,970
SHAREHOLDERS' FUNDS 185,441 149,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

G E INSULATED PANEL SERVICES LIMITED (REGISTERED NUMBER: 09311380)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2022


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2023 and were signed by:





Mr G Emmitt - Director


G E INSULATED PANEL SERVICES LIMITED (REGISTERED NUMBER: 09311380)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022


1. STATUTORY INFORMATION

G E Insulated Panel Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 and machinery - 20% Reducing Balance
Fixtures and fittings - 20% Reducing Balance
Motor vehicles - 25% Reducing Balance
Computer equipment - 33% Straight Line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

G E INSULATED PANEL SERVICES LIMITED (REGISTERED NUMBER: 09311380)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2021 55,159
Additions 14,451
At 30 November 2022 69,610
DEPRECIATION
At 1 December 2021 37,906
Charge for year 5,704
At 30 November 2022 43,610
NET BOOK VALUE
At 30 November 2022 26,000
At 30 November 2021 17,253

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2022 and 30 November 2021:

30.11.22 30.11.21
£    £   
Mr G Emmitt
Balance outstanding at start of year 41,992 41,992
Amounts repaid (1,034 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,958 41,992