GS Quantity Surveying Ltd 06192433 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Quantity surveying Digita Accounts Production Advanced 6.30.9574.0 true 06192433 2022-04-01 2023-03-31 06192433 2023-03-31 06192433 bus:Director1 1 2023-03-31 06192433 bus:OrdinaryShareClass1 2023-03-31 06192433 core:CurrentFinancialInstruments 2023-03-31 06192433 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06192433 core:FurnitureFittingsToolsEquipment 2023-03-31 06192433 bus:SmallEntities 2022-04-01 2023-03-31 06192433 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06192433 bus:FullAccounts 2022-04-01 2023-03-31 06192433 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06192433 bus:RegisteredOffice 2022-04-01 2023-03-31 06192433 bus:CompanySecretaryDirector2 2022-04-01 2023-03-31 06192433 bus:Director1 2022-04-01 2023-03-31 06192433 bus:Director1 1 2022-04-01 2023-03-31 06192433 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 06192433 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06192433 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 06192433 countries:AllCountries 2022-04-01 2023-03-31 06192433 2022-03-31 06192433 bus:Director1 1 2022-03-31 06192433 core:FurnitureFittingsToolsEquipment 2022-03-31 06192433 2021-04-01 2022-03-31 06192433 2022-03-31 06192433 bus:Director1 1 2022-03-31 06192433 bus:OrdinaryShareClass1 2022-03-31 06192433 core:CurrentFinancialInstruments 2022-03-31 06192433 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 06192433 core:FurnitureFittingsToolsEquipment 2022-03-31 06192433 bus:Director1 1 2021-04-01 2022-03-31 06192433 bus:Director1 1 2021-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06192433

GS Quantity Surveying Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

GS Quantity Surveying Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

GS Quantity Surveying Ltd

Company Information

Directors

Mr G M Shirt

Mrs G S Shirt

Company secretary

Mrs G S Shirt

Registered office

12 Great Broading
Redbrook
Barnsley
South Yorkshire
S75 1GW

Accountants

Cameron Alexander Accountants Ltd
Chartered Certified Accountants
2 Western Street
Barnsley
South Yorkshire
S70 2BP

 

GS Quantity Surveying Ltd

(Registration number: 06192433)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

2,178

2,933

Current assets

 

Debtors

4

2,053

1,463

Cash at bank and in hand

 

30,346

7,800

 

32,399

9,263

Creditors: Amounts falling due within one year

5

(14,032)

(9,272)

Net current assets/(liabilities)

 

18,367

(9)

Total assets less current liabilities

 

20,545

2,924

Provisions for liabilities

(414)

(557)

Net assets

 

20,131

2,367

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

20,031

2,267

Shareholders' funds

 

20,131

2,367

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 August 2023 and signed on its behalf by:
 

.........................................
Mr G M Shirt
Director

 

GS Quantity Surveying Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

GS Quantity Surveying Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture fittings & equipment

25% reducing balance

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

8,217

8,217

Disposals

(3,503)

(3,503)

At 31 March 2023

4,714

4,714

Depreciation

At 1 April 2022

5,284

5,284

Charge for the year

726

726

Eliminated on disposal

(3,474)

(3,474)

At 31 March 2023

2,536

2,536

Carrying amount

At 31 March 2023

2,178

2,178

At 31 March 2022

2,933

2,933

 

GS Quantity Surveying Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Debtors

Current

2023
£

2022
£

Trade debtors

1,425

-

Prepayments

628

62

Other debtors

-

1,401

 

2,053

1,463

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

121

96

Taxation and social security

5,304

-

Other creditors

8,607

9,176

14,032

9,272

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         
 

GS Quantity Surveying Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Related party transactions

Transactions with directors

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Mr G M Shirt

No interest is charged on the loan and there is no fixed date of repayment.

9,176

(6,000)

604

3,780

         
       

 

2022

At 1 April 2021
£

Advances to director
£

At 31 March 2022
£

Mr G M Shirt

No interest is charged on the loan and there is no fixed date of repayment.

9,875

(699)

9,176