Company Registration No. 09405290 (England and Wales)
GPK Electrical (Yorkshire) Limited
Unaudited accounts
for the year ended 31 January 2023
GPK Electrical (Yorkshire) Limited
Unaudited accounts
Contents
GPK Electrical (Yorkshire) Limited
Company Information
for the year ended 31 January 2023
Company Number
09405290 (England and Wales)
Registered Office
23 TRANBY PARK MEADOWS
HESSLE
EAST YORKSHIRE
HU13 0TF
ENGLAND
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
GPK Electrical (Yorkshire) Limited
Statement of financial position
as at 31 January 2023
Tangible assets
16,161
24,558
Cash at bank and in hand
9,763
10,885
Creditors: amounts falling due within one year
(25,485)
(19,321)
Net current liabilities
(14,349)
(4,827)
Total assets less current liabilities
1,812
19,731
Creditors: amounts falling due after more than one year
(28,908)
(28,908)
Net liabilities
(27,096)
(9,177)
Called up share capital
100
100
Profit and loss account
(27,196)
(9,277)
Shareholders' funds
(27,096)
(9,177)
For the year ending 31 January 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 24 October 2023 and were signed on its behalf by
Mr D Lomotey
Director
Company Registration No. 09405290
GPK Electrical (Yorkshire) Limited
Notes to the Accounts
for the year ended 31 January 2023
GPK Electrical (Yorkshire) Limited is a private company, limited by shares, registered in England and Wales, registration number 09405290. The registered office is 23 TRANBY PARK MEADOWS, HESSLE, EAST YORKSHIRE, HU13 0TF, ENGLAND.
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:
Plant & machinery
25% on Cost
Fixtures & fittings
25% on WDV
Computer equipment
25% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
GPK Electrical (Yorkshire) Limited
Notes to the Accounts
for the year ended 31 January 2023
4
Intangible fixed assets
Goodwill
5
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 February 2022
5,958
45,944
957
571
53,430
At 31 January 2023
5,958
45,944
957
571
53,430
At 1 February 2022
5,880
21,783
892
317
28,872
Charge for the year
78
8,000
65
254
8,397
At 31 January 2023
5,958
29,783
957
571
37,269
At 31 January 2023
-
16,161
-
-
16,161
At 31 January 2022
78
24,161
65
254
24,558
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
(321)
Loans from directors
25,384
19,541
GPK Electrical (Yorkshire) Limited
Notes to the Accounts
for the year ended 31 January 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
28,908
28,908
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).