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Company Registration No. 03918389 (England and Wales)
G & H Technical Services Limited Unaudited accounts for the year ended 28 February 2023
G & H Technical Services Limited Unaudited accounts Contents
Page
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G & H Technical Services Limited Company Information for the year ended 28 February 2023
Director
M Gough
Secretary
M Gough
Company Number
03918389 (England and Wales)
Registered Office
12 & 14 Glenmore Business Park Castle Road Sittingbourne Kent ME10 3FX
Accountants
Attire Accounting Limited 45 Granville Drive Herne Bay Kent CT6 7QZ
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of G & H Technical Services Limited for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of G & H Technical Services Limited for the year ended 28 February 2023 as set out on pages 5 - 9 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of G & H Technical Services Limited, as a body, in accordance with the terms of our engagement letter dated 4 September 2015. Our work has been undertaken solely to prepare for your approval the accounts of G & H Technical Services Limited and state those matters that we have agreed to state to the Board of Directors of G & H Technical Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G & H Technical Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that G & H Technical Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of G & H Technical Services Limited. You consider that G & H Technical Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of G & H Technical Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Attire Accounting Limited Chartered Certified Accountants 45 Granville Drive Herne Bay Kent CT6 7QZ 15 November 2023
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G & H Technical Services Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
692,114 
532,415 
Current assets
Debtors
3,028,595 
626,218 
Cash at bank and in hand
204,146 
89,940 
3,232,741 
716,158 
Creditors: amounts falling due within one year
(2,337,007)
(470,551)
Net current assets
895,734 
245,607 
Total assets less current liabilities
1,587,848 
778,022 
Creditors: amounts falling due after more than one year
(489,856)
(377,063)
Provisions for liabilities
Deferred tax
(86,466)
(54,492)
Net assets
1,011,526 
346,467 
Capital and reserves
Called up share capital
298 
298 
Capital redemption reserve
703 
703 
Profit and loss account
1,010,525 
345,466 
Shareholders' funds
1,011,526 
346,467 
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 15 November 2023 and were signed on its behalf by
M Gough Director Company Registration No. 03918389
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G & H Technical Services Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
G & H Technical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 03918389. The registered office is 12 & 14 Glenmore Business Park, Castle Road, Sittingbourne, Kent, ME10 3FX.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line basis or lease term (if shorter)
Plant & machinery
25% straight line basis
Motor vehicles
25% straight line basis
Fixtures & fittings
25% straight line basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
Leased assets
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.
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G & H Technical Services Limited Notes to the Accounts for the year ended 28 February 2023
Pension costs
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2022
261,420 
473,654 
418,270 
58,211 
1,211,555 
Additions
- 
19,600 
299,359 
- 
318,959 
Disposals
- 
- 
(16,000)
- 
(16,000)
At 28 February 2023
261,420 
493,254 
701,629 
58,211 
1,514,514 
Depreciation
At 1 March 2022
19,724 
354,700 
259,132 
45,584 
679,140 
Charge for the year
8,348 
56,386 
85,349 
9,177 
159,260 
On disposals
- 
- 
(16,000)
- 
(16,000)
At 28 February 2023
28,072 
411,086 
328,481 
54,761 
822,400 
Net book value
At 28 February 2023
233,348 
82,168 
373,148 
3,450 
692,114 
At 28 February 2022
241,696 
118,954 
159,138 
12,627 
532,415 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
36,430 
71,484 
- Motor vehicles
165,084 
159,138 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
283,187 
- 
Trade debtors
2,529,774 
584,082 
Accrued income and prepayments
81,388 
39,097 
Other debtors
134,246 
3,039 
3,028,595 
626,218 
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G & H Technical Services Limited Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
94,929 
59,081 
VAT
- 
89,397 
Obligations under finance leases and hire purchase contracts
99,428 
135,525 
Trade creditors
1,024,672 
53,243 
Taxes and social security
319,675 
75,938 
Other creditors
32,940 
11,344 
Loans from directors
17 
227 
Accruals
754,114 
45,796 
Deferred income
11,232 
- 
2,337,007 
470,551 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
384,799 
257,353 
Obligations under finance leases and hire purchase contracts
105,057 
119,710 
489,856 
377,063 
Aggregate of amounts that fall due for payment after five years
28,053 
32,391 
The bank loan and overdraft are secured by a fixed and floating charge against the assets of the company.
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
86,466 
54,492 
2023 
2022 
£ 
£ 
Provision at start of year
54,492 
48,699 
Charged to the profit and loss account
31,974 
5,793 
Provision at end of year
86,466 
54,492 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
250 Ordinary "A" shares of £1 each
250 
250 
48 Ordinary "C" shares of £1 each
48 
48 
298 
298 
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G & H Technical Services Limited Notes to the Accounts for the year ended 28 February 2023
10
Operating lease commitments
2023 
2022 
£ 
£ 
At 28 February 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
15,965 
9,965 
Later than one year and not later than five years
23,597 
18,000 
39,562 
27,965 
11
Controlling party
The ultimate controlling party is M Gough, a director and shareholder of the company.
12
Average number of employees
During the year the average number of employees was 29 (2022: 29).
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