1 March 2022 false No description of principal activity Taxfiler 2023.10.1 04634960business:PrivateLimitedCompanyLtd2022-03-012023-02-28 046349602022-02-28 046349602022-03-012023-02-28 04634960business:AuditExempt-NoAccountantsReport2022-03-012023-02-28 04634960business:FilletedAccounts2022-03-012023-02-28 046349602023-02-28 04634960business:Director12022-03-012023-02-28 04634960business:RegisteredOffice2022-03-012023-02-28 046349602022-02-28 04634960core:WithinOneYear2023-02-28 04634960core:WithinOneYear2022-02-28 04634960core:AfterOneYear2023-02-28 04634960core:AfterOneYear2022-02-28 04634960core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 04634960core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 04634960core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 04634960core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 04634960core:PreviouslyStatedAmount2023-02-28 04634960core:PreviouslyStatedAmount2022-02-28 04634960business:SmallEntities2022-03-012023-02-28 04634960countries:EnglandWales2022-03-012023-02-28 04634960core:PlantMachinery2022-03-012023-02-28 04634960core:MotorVehicles2022-03-012023-02-28 04634960core:FurnitureFittings2022-03-012023-02-28 04634960core:ComputerEquipment2022-03-012023-02-28 04634960core:Goodwill2022-02-28 04634960core:Goodwill2023-02-28 04634960core:MotorVehicles2022-02-28 04634960core:FurnitureFittings2022-02-28 04634960core:ComputerEquipment2022-02-28 04634960core:MotorVehicles2023-02-28 04634960core:FurnitureFittings2023-02-28 04634960core:ComputerEquipment2023-02-28 04634960business:OrdinaryShareClass12022-03-012023-02-28 04634960business:OrdinaryShareClass12021-03-012022-02-28 04634960business:OrdinaryShareClass22022-03-012023-02-28 04634960business:OrdinaryShareClass22021-03-012022-02-28 04634960business:AllOrdinaryShares2022-03-012023-02-28 04634960business:AllOrdinaryShares2021-03-012022-02-28 046349602021-03-012022-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 04634960 (England and Wales)
G & O ENGINEERS LIMITED Unaudited accounts for the year ended 28 February 2023
G & O ENGINEERS LIMITED Unaudited accounts Contents
Page
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G & O ENGINEERS LIMITED Company Information for the year ended 28 February 2023
Director
Mr Scott WILLS
Company Number
04634960 (England and Wales)
Registered Office
1 Cotswold Business Park Range Court, Range Road WITNEY Oxfordshire OX29 0YB
Accountants
RM Whitehouse & Co Ltd Spring Bank Shipton Road Milton under Wychwood Oxfordshire OX7 6JS
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G & O ENGINEERS LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,637 
29,372 
Current assets
Inventories
38,794 
38,869 
Debtors
140,421 
93,490 
Cash at bank and in hand
114,803 
88,284 
294,018 
220,643 
Creditors: amounts falling due within one year
(205,018)
(197,139)
Net current assets
89,000 
23,504 
Total assets less current liabilities
109,637 
52,876 
Creditors: amounts falling due after more than one year
(24,167)
(34,167)
Provisions for liabilities
Deferred tax
(4,128)
(5,875)
Net assets
81,342 
12,834 
Capital and reserves
Called up share capital
5 
5 
Profit and loss account
81,337 
12,829 
Shareholders' funds
81,342 
12,834 
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 20 September 2023 and were signed on its behalf by
Mr Scott WILLS Director Company Registration No. 04634960
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G & O ENGINEERS LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
G & O ENGINEERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04634960. The registered office is 1 Cotswold Business Park, Range Court, Range Road, WITNEY, Oxfordshire, OX29 0YB.
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:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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.
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G & O ENGINEERS LIMITED Notes to the Accounts for the year ended 28 February 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
30,000 
At 28 February 2023
30,000 
Amortisation
At 1 March 2022
30,000 
At 28 February 2023
30,000 
Net book value
At 28 February 2023
- 
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
131,445 
12,299 
15,178 
158,922 
Disposals
(32,224)
- 
- 
(32,224)
At 28 February 2023
99,221 
12,299 
15,178 
126,698 
Depreciation
At 1 March 2022
103,465 
12,199 
13,886 
129,550 
Charge for the year
6,533 
25 
325 
6,883 
On disposals
(30,372)
- 
- 
(30,372)
At 28 February 2023
79,626 
12,224 
14,211 
106,061 
Net book value
At 28 February 2023
19,595 
75 
967 
20,637 
At 28 February 2022
27,980 
100 
1,292 
29,372 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
106,602 
62,993 
Other debtors
33,819 
30,497 
140,421 
93,490 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Obligations under finance leases and hire purchase contracts
- 
1,342 
Trade creditors
90,000 
94,935 
Taxes and social security
77,841 
68,937 
Other creditors
25,827 
20,575 
Accruals
1,350 
1,350 
205,018 
197,139 
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G & O ENGINEERS LIMITED Notes to the Accounts for the year ended 28 February 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,167 
34,167 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
4 Ordinary A shares of £1 each
4 
4 
1 Ordinary B shares of £1 each
1 
1 
5 
5 
10
Average number of employees
During the year the average number of employees was 13 (2022: 13).
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