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REGISTERED NUMBER: 06495912 (England and Wales)















GF Construction Midlands Ltd

Unaudited Financial Statements

for the Year Ended 28 February 2023






GF Construction Midlands Ltd (Registered number: 06495912)

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 to 5

Report of the Accountants 6

GF Construction Midlands Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: G A Fox





REGISTERED OFFICE: 1 Long Furlong
Rugby
Warwickshire
CV22 5QS





REGISTERED NUMBER: 06495912 (England and Wales)





ACCOUNTANTS: Astute Services Ltd
44-46 Regent Street
Rugby
Warwickshire
CV21 2PS

GF Construction Midlands Ltd (Registered number: 06495912)

Balance Sheet
28 February 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,334 -

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5 16,858 30,297
Cash at bank 25,429 3,023
43,787 34,820
CREDITORS
Amounts falling due within one year 6 56,713 33,851
NET CURRENT (LIABILITIES)/ASSETS (12,926 ) 969
TOTAL ASSETS LESS CURRENT
LIABILITIES

408

969

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 308 869
SHAREHOLDERS' FUNDS 408 969

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 director acknowledges his 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.

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 director and authorised for issue on 28 November 2023 and were signed by:




G A Fox - Director


GF Construction Midlands Ltd (Registered number: 06495912)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

GF Construction Midlands Ltd 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.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 3 ) .

GF Construction Midlands Ltd (Registered number: 06495912)

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 5,500
Additions 16,667
At 28 February 2023 22,167
DEPRECIATION
At 1 March 2022 5,500
Charge for year 3,333
At 28 February 2023 8,833
NET BOOK VALUE
At 28 February 2023 13,334

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade debtors 3,686 9,744
Other debtors 13,172 20,553
16,858 30,297

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Trade creditors 47,451 15,804
Taxation and social security 7,242 16,777
Other creditors 2,020 1,270
56,713 33,851

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 28/2/23 28/2/22
value: £    £   
100 Ordinary £1 100 100

GF Construction Midlands Ltd (Registered number: 06495912)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28/2/23 28/2/22
£    £   
G A Fox
Balance outstanding at start of year 20,535 12,843
Amounts advanced - 56,692
Amounts repaid (20,535 ) (49,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 20,535

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G A Fox.

GF Construction Midlands Ltd

Report of the Accountants to the Director of
GF Construction Midlands Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2023 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Astute Services Ltd
44-46 Regent Street
Rugby
Warwickshire
CV21 2PS


Date: .............................................