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REGISTERED NUMBER: 04233000 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th June 2023

for

Gary Freeman Electrical Services Limited

Gary Freeman Electrical Services Limited (Registered number: 04233000)






Contents of the Financial Statements
for the Year Ended 30th June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gary Freeman Electrical Services Limited

Company Information
for the Year Ended 30th June 2023







DIRECTORS: Mr G Freeman
Mrs A Freeman





SECRETARY: Mrs A Freeman





REGISTERED OFFICE: 16 England Crescent
Heanor
Derbyshire
DE75 7BE





REGISTERED NUMBER: 04233000 (England and Wales)

Gary Freeman Electrical Services Limited (Registered number: 04233000)

Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,014 79,807

CURRENT ASSETS
Stocks 100 200
Debtors 5 11,628 38,573
Investments 6 445,661 496,128
Cash at bank and in hand 267,189 160,502
724,578 695,403
CREDITORS
Amounts falling due within one year 7 116,061 132,898
NET CURRENT ASSETS 608,517 562,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

620,531

642,312

PROVISIONS FOR LIABILITIES 8 2,283 3,046
NET ASSETS 618,248 639,266

CAPITAL AND RESERVES
Called up share capital 9 120 120
Retained earnings 618,128 639,146
SHAREHOLDERS' FUNDS 618,248 639,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Gary Freeman Electrical Services Limited (Registered number: 04233000)

Balance Sheet - continued
30th June 2023


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 Board of Directors and authorised for issue on 7th November 2023 and were signed on its behalf by:





Mr G Freeman - Director


Gary Freeman Electrical Services Limited (Registered number: 04233000)

Notes to the Financial Statements
for the Year Ended 30th June 2023

1. STATUTORY INFORMATION

Gary Freeman Electrical Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Current asset investments
The listed investments are shown at cost.

Gary Freeman Electrical Services Limited (Registered number: 04233000)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st July 2022 91,124 1,590 477
Disposals (91,124 ) - -
At 30th June 2023 - 1,590 477
DEPRECIATION
At 1st July 2022 27,331 1,572 427
Charge for year - 4 10
Eliminated on disposal (27,331 ) - -
At 30th June 2023 - 1,576 437
NET BOOK VALUE
At 30th June 2023 - 14 40
At 30th June 2022 63,793 18 50

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st July 2022 21,262 8,664 123,117
Disposals - - (91,124 )
At 30th June 2023 21,262 8,664 31,993
DEPRECIATION
At 1st July 2022 5,316 8,664 43,310
Charge for year 3,986 - 4,000
Eliminated on disposal - - (27,331 )
At 30th June 2023 9,302 8,664 19,979
NET BOOK VALUE
At 30th June 2023 11,960 - 12,014
At 30th June 2022 15,946 - 79,807

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,292 37,369
Other debtors 10,336 1,204
11,628 38,573

Gary Freeman Electrical Services Limited (Registered number: 04233000)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 445,661 496,128

The current market value of the listed investments was £718,982 (2022 - £765,885)

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 376 7,058
Taxation and social security 7,876 11,757
Other creditors 107,809 114,083
116,061 132,898

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,283 3,046

Deferred
tax
£   
Balance at 1st July 2022 3,046
Utilised during year (763 )
Balance at 30th June 2023 2,283

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100
20 'B' Non voting shares £1 20 20
120 120