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REGISTERED NUMBER: 06499133 (England and Wales)










G&E Contractors Ltd

Unaudited Financial Statements

for the Year Ended 28 February 2023






G&E Contractors Ltd (Registered number: 06499133)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G&E Contractors Ltd

Company Information
for the year ended 28 February 2023







DIRECTORS: Mr E L Williams
Mrs G Williams
Mr M Hennigan





REGISTERED OFFICE: Hendre Isaf Pentre Isa
Llangernyw
Abergele
United Kingdom
LL22 8PH





REGISTERED NUMBER: 06499133 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

G&E Contractors Ltd (Registered number: 06499133)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 264,133 324,666

CURRENT ASSETS
Debtors 5 490,757 946,143
Cash at bank and in hand 1,382,498 1,219,926
1,873,255 2,166,069
CREDITORS
Amounts falling due within one year 6 371,273 415,205
NET CURRENT ASSETS 1,501,982 1,750,864
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,766,115

2,075,530

CREDITORS
Amounts falling due after more than one
year

7

38,992

156,943
NET ASSETS 1,727,123 1,918,587

RESERVES
Income and expenditure account 1,727,123 1,918,587
1,727,123 1,918,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 surplus or deficit 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.

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 23 November 2023 and were signed on its behalf by:





Mr E L Williams - Director


G&E Contractors Ltd (Registered number: 06499133)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

G&E Contractors Ltd is a private company, limited by guarantee , 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.

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 etc - 33% on cost and 20% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 16 ) .

G&E Contractors Ltd (Registered number: 06499133)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 735,596
DEPRECIATION
At 1 March 2022 410,930
Charge for year 60,533
At 28 February 2023 471,463
NET BOOK VALUE
At 28 February 2023 264,133
At 28 February 2022 324,666

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 154,115 112,250
Amounts owed by participating interests 90,959 113,930
Other debtors 245,683 719,963
490,757 946,143

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 139,147 188,756
Trade creditors 189,441 190,901
Taxation and social security 9,217 13,080
Other creditors 33,468 22,468
371,273 415,205

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 38,992 156,943

8. RELATED PARTY DISCLOSURES

During the year under consideration the company paid rent of £10,000 (2022: £10,000) to the director of the company for use of the business premises.

9. LIMITED BY GUARANTEE

The company is limited by guarantee and has no issued share capital. The memorandum and articles of association have been amended to allow the payment of dividends.