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REGISTERED NUMBER: 11566074 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2022 TO 29 FEBRUARY 2024

FOR

GARON BUILDING SERVICES LIMITED

GARON BUILDING SERVICES LIMITED (REGISTERED NUMBER: 11566074)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GARON BUILDING SERVICES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2022 TO 29 FEBRUARY 2024







DIRECTORS: Mr G R Foan
Mr R S Dunn





REGISTERED OFFICE: 21 Market Place
Dereham
Norfolk
NR19 2AX





REGISTERED NUMBER: 11566074 (England and Wales)





ACCOUNTANTS: Farnell Clarke (Dereham) Limited
21 Market Place
Dereham
Norfolk
NR19 2AX

GARON BUILDING SERVICES LIMITED (REGISTERED NUMBER: 11566074)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,447 4,673

CURRENT ASSETS
Stocks - 68,223
Debtors 5 184,222 3,509
Cash at bank 76,868 117,728
261,090 189,460
CREDITORS
Amounts falling due within one year 6 23,942 16,480
NET CURRENT ASSETS 237,148 172,980
TOTAL ASSETS LESS CURRENT LIABILITIES 240,595 177,653

PROVISIONS FOR LIABILITIES 910 2,464
NET ASSETS 239,685 175,189

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 239,683 175,187
SHAREHOLDERS' FUNDS 239,685 175,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 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.

GARON BUILDING SERVICES LIMITED (REGISTERED NUMBER: 11566074)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 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:




Mr G R Foan - Director



Mr R S Dunn - Director


GARON BUILDING SERVICES LIMITED (REGISTERED NUMBER: 11566074)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Garon Building Services 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.

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.
Plant and machinery - 20% on cost
Computer equipment - 25% on cost

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

GARON BUILDING SERVICES LIMITED (REGISTERED NUMBER: 11566074)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2022
and 29 February 2024 6,325 542 6,867
DEPRECIATION
At 1 October 2022 1,957 237 2,194
Charge for period 1,091 135 1,226
At 29 February 2024 3,048 372 3,420
NET BOOK VALUE
At 29 February 2024 3,277 170 3,447
At 30 September 2022 4,368 305 4,673

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 105,430 -
Retentions 4,045 -
Directors' current accounts 68,400 -
VAT 6,347 1,691
Prepayments and accrued income - 1,818
184,222 3,509

GARON BUILDING SERVICES LIMITED (REGISTERED NUMBER: 11566074)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 29 FEBRUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade creditors 459 -
Corporation tax 15,921 7,767
Social security and other taxes 122 122
Directors' current accounts 1,515 6,798
Accruals and deferred income 5,925 1,793
23,942 16,480

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
2 Ordinary 1 2 2

8. RELATED PARTY DISCLOSURES

As at the balance sheet date, the directors owed the company £68,400, whereas in 2022 the directors were owed £6,798 from the company. The loan between the related parties is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The shares in the company are held equally by the two directors, with no one shareholder having overall control of the company.