Company Registration No. 05836091 (England and Wales)
GOWER GAS & OIL (HEATING SERVICES) LIMITED
Unaudited accounts
for the year ended 30 June 2023
GOWER GAS & OIL (HEATING SERVICES) LIMITED
Unaudited accounts
Contents
GOWER GAS & OIL (HEATING SERVICES) LIMITED
Company Information
for the year ended 30 June 2023
Directors
Julie Jones
Hywel Vickers
Company Number
05836091 (England and Wales)
Registered Office
6 Penrice Court
Enterprise Park
Swansea
Wales
SA6 8QW
United Kingdom
GOWER GAS & OIL (HEATING SERVICES) LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
42,138
210,657
Cash at bank and in hand
32,304
2,432
Creditors: amounts falling due within one year
(335,375)
(254,019)
Net current liabilities
(123,481)
(17,477)
Total assets less current liabilities
(81,343)
193,180
Creditors: amounts falling due after more than one year
(61,851)
(213,194)
Provisions for liabilities
Other provisions
(1,963)
(1,963)
Net liabilities
(145,157)
(21,977)
Profit and loss account
(145,257)
(22,077)
Shareholders' funds
(145,157)
(21,977)
For the year ending 30 June 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 11 March 2024 and were signed on its behalf by
Julie Jones
Director
Company Registration No. 05836091
GOWER GAS & OIL (HEATING SERVICES) LIMITED
Notes to the Accounts
for the year ended 30 June 2023
GOWER GAS & OIL (HEATING SERVICES) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05836091. The registered office is 6 Penrice Court, Enterprise Park, Swansea, Wales, SA6 8QW, United Kingdom.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight Line
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
GOWER GAS & OIL (HEATING SERVICES) LIMITED
Notes to the Accounts
for the year ended 30 June 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
209,731
61,477
-
271,208
Additions
-
974
25,475
26,449
Disposals
(209,731)
-
-
(209,731)
At 30 June 2023
-
62,451
25,475
87,926
At 1 July 2022
25,168
35,383
-
60,551
Charge for the year
699
6,584
3,821
11,104
On disposals
(25,867)
-
-
(25,867)
At 30 June 2023
-
41,967
3,821
45,788
At 30 June 2023
-
20,484
21,654
42,138
At 30 June 2022
184,563
26,094
-
210,657
Amounts falling due within one year
Trade debtors
44,944
49,860
Accrued income and prepayments
2,262
-
Other debtors
122,384
174,250
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
70,215
95,518
Obligations under finance leases and hire purchase contracts
9,467
7,390
Trade creditors
39,341
37,805
Amounts owed to group undertakings and other participating interests
10,445
12,145
Taxes and social security
85,285
3,683
Other creditors
37,033
25,779
GOWER GAS & OIL (HEATING SERVICES) LIMITED
Notes to the Accounts
for the year ended 30 June 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
32,737
20,148
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Average number of employees
During the year the average number of employees was 8 (2022: 8).