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REGISTERED NUMBER: 09061613 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Gercon Construction Limited

Gercon Construction Limited (Registered number: 09061613)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Gercon Construction Limited

Company Information
for the Year Ended 31 December 2022







DIRECTOR: G Coleman





REGISTERED OFFICE: 27 Andraid Close
Stiles, Antrim
Co Antrim
BT41 1RF





REGISTERED NUMBER: 09061613 (England and Wales)





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

Gercon Construction Limited (Registered number: 09061613)

Statement of Financial Position
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 17,451 20,894

CURRENT ASSETS
Inventories - 60,000
Debtors 5 235,991 267,179
Cash at bank 249,070 186,697
485,061 513,876
CREDITORS
Amounts falling due within one year 6 258,519 34,012
NET CURRENT ASSETS 226,542 479,864
TOTAL ASSETS LESS CURRENT
LIABILITIES

243,993

500,758

CREDITORS
Amounts falling due after more than one
year

7

(168,254

)

(45,587

)

PROVISIONS FOR LIABILITIES 8 (3,704 ) (3,828 )
NET ASSETS 72,035 451,343

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 71,935 451,243
SHAREHOLDERS' FUNDS 72,035 451,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Gercon Construction Limited (Registered number: 09061613)

Statement of Financial Position - continued
31 December 2022


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

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

The financial statements were approved by the director and authorised for issue on 26 October 2023 and were signed by:





G Coleman - Director


Gercon Construction Limited (Registered number: 09061613)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Gercon Construction 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.

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.

Significant judgements and estimates
There are no significant judgements or estimates pertaining to these accounts that the directors feel need to be brought to the attention of users of these accounts.

Turnover
Revenue 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Financial instruments
Basic financial instruments comprising debtors, bank and cash balances are recorded at fair value.

Gercon Construction Limited (Registered number: 09061613)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Functional currency
The functional currency used by the company is £ Sterling.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2022 - 34,110 - 34,110
Additions 7,950 - 583 8,533
Disposals - (8,695 ) - (8,695 )
At 31 December 2022 7,950 25,415 583 33,948
DEPRECIATION
At 1 January 2022 - 13,216 - 13,216
Charge for year 1,988 3,685 146 5,819
Eliminated on disposal - (2,538 ) - (2,538 )
At 31 December 2022 1,988 14,363 146 16,497
NET BOOK VALUE
At 31 December 2022 5,962 11,052 437 17,451
At 31 December 2021 - 20,894 - 20,894

Included in fixed assets are assets held under hire purchase contracts. The net book value of these assets at the year end amounted to £19,002 and the amount of hire purchase outstanding on these assets was £11,052.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 90,000 123,462
Retentions 105,400 120,000
Directors' current accounts 3,382 17,201
VAT 37,209 6,516
235,991 267,179

Gercon Construction Limited (Registered number: 09061613)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,791 -
HP loans 8,471 11,145
Other loans 26,971 -
Trade creditors 92,310 1,042
Social security and other taxes 53,087 17,824
Due to related party 62,889 -
Accrued expenses 4,000 4,001
258,519 34,012

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 20,475 40,602
HP loans 3,565 4,985
Other loans 144,214 -
168,254 45,587

8. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 3,704 3,828

Deferred
tax
£   
Balance at 1 January 2022 3,828
Provided during year (124 )
Balance at 31 December 2022 3,704

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 January 2022 451,243
Deficit for the year (379,308 )
At 31 December 2022 71,935