Company Registration No. 07173234 (England and Wales)
G C P Engineering Limited
Unaudited accounts
for the year ended 28 February 2023
G C P Engineering Limited
Unaudited accounts
Contents
G C P Engineering Limited
Company Information
for the year ended 28 February 2023
Director
Valentino Grimaldi
Company Number
07173234 (England and Wales)
Registered Office
Sheldon Lodge
Sheldon Road
London
NW2 3AL
G C P Engineering Limited
Statement of financial position
as at 28 February 2023
Tangible assets
22,418
28,023
Cash at bank and in hand
65,852
34,089
Creditors: amounts falling due within one year
(3,622)
(5,448)
Net current assets
63,549
29,960
Called up share capital
3
3
Profit and loss account
85,964
57,980
Shareholders' funds
85,967
57,983
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 8 November 2023 and were signed on its behalf by
Valentino Grimaldi
Director
Company Registration No. 07173234
G C P Engineering Limited
Notes to the Accounts
for the year ended 28 February 2023
G C P Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 07173234. The registered office is Sheldon Lodge, Sheldon Road, London, NW2 3AL.
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
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
33,823
1,006
500
35,329
At 28 February 2023
33,823
1,006
500
35,329
At 1 March 2022
6,764
362
180
7,306
Charge for the year
5,412
129
64
5,605
At 28 February 2023
12,176
491
244
12,911
At 28 February 2023
21,647
515
256
22,418
At 28 February 2022
27,059
644
320
28,023
G C P Engineering Limited
Notes to the Accounts
for the year ended 28 February 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
2,665
Loans from directors
2,422
1,583
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).