Company Registration No. 11185154 (England and Wales)
Guscott Heating Services Ltd
Unaudited accounts
for the year ended 28 February 2023
Guscott Heating Services Ltd
Unaudited accounts
Contents
Guscott Heating Services Ltd
Company Information
for the year ended 28 February 2023
Director
Mr Harland Guscott
Company Number
11185154 (England and Wales)
Registered Office
Innovation Centre,
Maidstone Road,
Chatham
Kent
ME5 9FD
Accountants
AK Tax & Accountancy Ltd
Suite 1 Christchurch House
Sir Thomas Longley Road
Rochester
Kent
ME24FX
Guscott Heating Services Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
116,119
58,481
Cash at bank and in hand
74,565
109,188
Creditors: amounts falling due within one year
(188,509)
(143,731)
Net current (liabilities)/assets
(28,601)
162
Called up share capital
100
100
Profit and loss account
87,418
58,543
Shareholders' funds
87,518
58,643
For the year ending 28 February 2023 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 August 2023 and were signed on its behalf by
Mr Harland Guscott
Director
Company Registration No. 11185154
Guscott Heating Services Ltd
Notes to the Accounts
for the year ended 28 February 2023
Guscott Heating Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 11185154. The registered office is Innovation Centre, , Maidstone Road, , Chatham, Kent, ME5 9FD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2022
-
75,865
529
1,862
78,256
Additions
3,422
57,622
1,098
1,691
63,833
At 28 February 2023
3,422
133,487
1,627
3,553
142,089
At 1 March 2022
-
18,779
241
755
19,775
Charge for the year
11
5,914
30
240
6,195
At 28 February 2023
11
24,693
271
995
25,970
At 28 February 2023
3,411
108,794
1,356
2,558
116,119
At 28 February 2022
-
57,086
288
1,107
58,481
Guscott Heating Services Ltd
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Trade debtors
30,430
31,220
Accrued income and prepayments
35,273
723
Other debtors
19,640
2,762
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
28,831
39,121
Obligations under finance leases and hire purchase contracts
54,873
20,090
Trade creditors
65,697
44,603
Taxes and social security
15,964
18,578
Other creditors
(1,765)
5,783
Loans from directors
30,401
12,801
7
Average number of employees
During the year the average number of employees was 5 (2022: 5).