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REGISTERED NUMBER: 02698723 (England and Wales)











Financial Statements

FOR THE PERIOD

1 January 2023 to 31 January 2024

for

U.K. GUNITE LIMITED

U.K. GUNITE LIMITED (REGISTERED NUMBER: 02698723)






Contents of the Financial Statements
FOR THE PERIOD 1 JANUARY 2023 TO 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


U.K. GUNITE LIMITED

Company Information
FOR THE PERIOD 1 JANUARY 2023 TO 31 JANUARY 2024







DIRECTORS: D Johnson
T Whates





SECRETARY: D Johnson





REGISTERED OFFICE: Unit 2, Orchard Business Centre
Kangley Bridge Road
Sydenham
London
SE26 5AQ





REGISTERED NUMBER: 02698723 (England and Wales)





ACCOUNTANTS: LSR Management Limited
Unit C2A Comet Studios
De Havilland Court
Penn Street
Amersham
Buckinghamshire
HP7 0PX

U.K. GUNITE LIMITED (REGISTERED NUMBER: 02698723)

Balance Sheet
31 JANUARY 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 317,916 187,421
317,916 187,421

CURRENT ASSETS
Stocks 910,586 541,900
Debtors 6 7,289,358 7,208,671
Cash at bank 17,055 122,470
8,216,999 7,873,041
CREDITORS
Amounts falling due within one year 7 2,858,195 2,953,598
NET CURRENT ASSETS 5,358,804 4,919,443
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,676,720

5,106,864

CREDITORS
Amounts falling due after more than
one year

8

710,553

672,191
NET ASSETS 4,966,167 4,434,673

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 4,961,167 4,429,673
SHAREHOLDERS' FUNDS 4,966,167 4,434,673

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

U.K. GUNITE LIMITED (REGISTERED NUMBER: 02698723)

Balance Sheet - continued
31 JANUARY 2024


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 Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:





D Johnson - Director


U.K. GUNITE LIMITED (REGISTERED NUMBER: 02698723)

Notes to the Financial Statements
FOR THE PERIOD 1 JANUARY 2023 TO 31 JANUARY 2024

1. STATUTORY INFORMATION

U.K. Gunite Limited 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.

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 ("FRS 102"), the financial reporting standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.

The Directors have assessed the company's ability to continue in operational existence for the foreseeable future in accordance with the FRC (going concern and liquidity risk guidance (October 2009). Therefore it is considered appropriate to prepare the financial statements on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


U.K. GUNITE LIMITED (REGISTERED NUMBER: 02698723)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors review the on going working capital of the company to ensure that there are sufficient resources to meet its financial liabilities to continue trading in the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 21 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 January 2024 66,000
AMORTISATION
At 1 January 2023
and 31 January 2024 66,000
NET BOOK VALUE
At 31 January 2024 -
At 31 December 2022 -

U.K. GUNITE LIMITED (REGISTERED NUMBER: 02698723)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 JANUARY 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 84,582 382,459 2,474
Additions - 168,446 145
Disposals - - -
At 31 January 2024 84,582 550,905 2,619
DEPRECIATION
At 1 January 2023 50,748 348,444 1,785
Charge for period 6,766 30,369 448
Eliminated on disposal - - -
At 31 January 2024 57,514 378,813 2,233
NET BOOK VALUE
At 31 January 2024 27,068 172,092 386
At 31 December 2022 33,834 34,015 689

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 443,352 64,960 977,827
Additions - 20,984 189,575
Disposals (60,561 ) - (60,561 )
At 31 January 2024 382,791 85,944 1,106,841
DEPRECIATION
At 1 January 2023 343,472 45,957 790,406
Charge for period 9,830 11,667 59,080
Eliminated on disposal (60,561 ) - (60,561 )
At 31 January 2024 292,741 57,624 788,925
NET BOOK VALUE
At 31 January 2024 90,050 28,320 317,916
At 31 December 2022 99,880 19,003 187,421

U.K. GUNITE LIMITED (REGISTERED NUMBER: 02698723)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 JANUARY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 1,829,279 1,698,491
Amounts recoverable on contract 1,020,250 842,025
Other debtors 3,603,868 3,663,196
VAT 71,450 123,929
Prepayments and accrued income 755,436 861,544
Prepayments 9,075 19,486
7,289,358 7,208,671

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 177,638 654,845
Hire purchase contracts 15,378 28,989
Trade creditors 1,354,377 1,629,328
Tax 500,782 37,086
Social security and other taxes 367,833 185,482
Pensions due 4,749 11,071
Accrued expenses 437,438 406,797
2,858,195 2,953,598

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2022
£    £   
Bank loans - 2-5 years 710,553 654,845
Hire purchase contracts - 17,346
710,553 672,191

9. CONTINGENT LIABILITIES

The Company has no contingent liabilities in respect of legal claims arising from the ordinary course of business.