1 July 2022 false No description of principal activity Taxfiler 2023.14 NI069593business:PrivateLimitedCompanyLtd2022-07-012023-06-30 NI0695932022-06-30 NI0695932022-07-012023-06-30 NI069593business:AuditExempt-NoAccountantsReport2022-07-012023-06-30 NI069593business:AbridgedAccounts2022-07-012023-06-30 NI0695932023-06-30 NI069593business:Director12022-07-012023-06-30 NI069593business:Director22022-07-012023-06-30 NI069593business:RegisteredOffice2022-07-012023-06-30 NI0695932022-06-30 NI069593core:WithinOneYear2023-06-30 NI069593core:WithinOneYear2022-06-30 NI069593core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 NI069593core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 NI069593core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 NI069593core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 NI069593core:PreviouslyStatedAmount2023-06-30 NI069593core:PreviouslyStatedAmount2022-06-30 NI069593business:SmallEntities2022-07-012023-06-30 NI069593countries:NorthernIreland2022-07-012023-06-30 NI069593core:PlantMachinery2022-07-012023-06-30 NI069593core:MotorVehicles2022-07-012023-06-30 NI069593core:FurnitureFittings2022-07-012023-06-30 NI069593core:ComputerEquipment2022-07-012023-06-30 NI069593business:OrdinaryShareClass12022-07-012023-06-30 NI069593business:OrdinaryShareClass12021-07-012022-06-30 NI0695932021-07-012022-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. NI069593 (Northern Ireland)
G.H. Electrics (NI) Ltd Unaudited accounts for the year ended 30 June 2023
G.H. Electrics (NI) Ltd Unaudited accounts Contents
Page
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G.H. Electrics (NI) Ltd Company Information for the year ended 30 June 2023
Directors
Gavin Harbinson Martina Harbinson
Company Number
NI069593 (Northern Ireland)
Registered Office
2 Kiln Lodge Lurgan Craigavon Armagh BT66 6HT N.Ireland
Accountants
Martina Harbinson 2 Kiln Lodge Lurgan Craigavon Co. Armagh BT66 6HT
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G.H. Electrics (NI) Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
14,000 
17,500 
Tangible assets
12,540 
18,202 
26,540 
35,702 
Current assets
Inventories
900 
2,860 
Debtors
1,221 
6,978 
Cash at bank and in hand
8,606 
8,008 
10,727 
17,846 
Creditors: amounts falling due within one year
(84,203)
(72,061)
Net current liabilities
(73,476)
(54,215)
Net liabilities
(46,936)
(18,513)
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
(47,038)
(18,615)
Shareholders' funds
(46,936)
(18,513)
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 10 March 2024 and were signed on its behalf by
Gavin Harbinson Director Company Registration No. NI069593
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G.H. Electrics (NI) Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
G.H. Electrics (NI) Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI069593. The registered office is 2 Kiln Lodge, Lurgan, Craigavon, Armagh, BT66 6HT, N.Ireland.
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.
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:
Plant & machinery
20%
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
15%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 July 2022
35,000 
At 30 June 2023
35,000 
Amortisation
At 1 July 2022
17,500 
Charge for the year
3,500 
At 30 June 2023
21,000 
Net book value
At 30 June 2023
14,000 
At 30 June 2022
17,500 
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G.H. Electrics (NI) Ltd Notes to the Accounts for the year ended 30 June 2023
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 July 2022
42,376 
Additions
766 
At 30 June 2023
43,142 
Depreciation
At 1 July 2022
24,174 
Charge for the year
6,428 
At 30 June 2023
30,602 
Net book value
At 30 June 2023
12,540 
At 30 June 2022
18,202 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
102 Ordinary shares of £1 each
102 
102 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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