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Company Registration No. 7520490 (England and Wales)
G&N Wall and Floor Tiling Limited Unaudited accounts for the year ended 28 February 2023
G&N Wall and Floor Tiling Limited Unaudited accounts Contents
Page
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G&N Wall and Floor Tiling Limited Company Information for the year ended 28 February 2023
Directors
Mr Gavin Swabey Mr Neil Cannon
Company Number
7520490 (England and Wales)
Registered Office
6 Guelder Way Tamerton Foliot Plymouth Devon PL6 6FR uk
Accountants
BookBusters t/n of Castle Home Loans Limited Eureka House Higher Downgate Callington Cornwall PL17 8HL
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G&N Wall and Floor Tiling Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,901 
11,615 
Current assets
Debtors
84,858 
190,285 
Cash at bank and in hand
39,090 
- 
123,948 
190,285 
Creditors: amounts falling due within one year
(36,544)
(91,955)
Net current assets
87,404 
98,330 
Total assets less current liabilities
111,305 
109,945 
Creditors: amounts falling due after more than one year
(38,334)
(19,833)
Net assets
72,971 
90,112 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
72,969 
90,110 
Shareholders' funds
72,971 
90,112 
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 directors acknowledge their 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 of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by
Mr Gavin Swabey Director Company Registration No. 7520490
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G&N Wall and Floor Tiling Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
G&N Wall and Floor Tiling Limited is a private company, limited by shares, registered in England and Wales, registration number 7520490. The registered office is 6 Guelder Way, Tamerton Foliot, Plymouth, Devon, PL6 6FR, uk.
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:
Motor vehicles
20% RBM
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
1,833 
25,494 
27,327 
Additions
482 
23,000 
23,482 
Disposals
- 
(12,747)
(12,747)
At 28 February 2023
2,315 
35,747 
38,062 
Depreciation
At 1 March 2022
660 
15,052 
15,712 
Charge for the year
331 
5,644 
5,975 
On disposals
- 
(7,526)
(7,526)
At 28 February 2023
991 
13,170 
14,161 
Net book value
At 28 February 2023
1,324 
22,577 
23,901 
At 28 February 2022
1,173 
10,442 
11,615 
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G&N Wall and Floor Tiling Limited Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,605 
4,421 
Trade debtors
16,395 
53,342 
Other debtors
65,858 
132,522 
84,858 
190,285 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
21,938 
Trade creditors
27,242 
12,855 
Taxes and social security
7,245 
53,670 
Loans from directors
2,057 
3,492 
36,544 
91,955 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
38,334 
15,241 
Obligations under finance leases and hire purchase contracts
- 
4,592 
38,334 
19,833 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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