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Registration number: 14144402

G H Construction South West Limited

Annual Report and Unaudited Financial Statements

for the Period from 31 May 2022 to 28 February 2023

 

G H Construction South West Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 6

 

G H Construction South West Limited

Company Information

Directors

Mr D J G Goulding

Mr M H Harris

Registered office

6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
G H Construction South West Limited
for the Period Ended 28 February 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of G H Construction South West Limited for the period ended 28 February 2023 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of G H Construction South West Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of G H Construction South West Limited and state those matters that we have agreed to state to the Board of Directors of G H Construction South West Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G H Construction South West Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that G H Construction South West Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of G H Construction South West Limited. You consider that G H Construction South West Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of G H Construction South West Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

19 January 2024

 

G H Construction South West Limited

(Registration number: 14144402)
Balance Sheet as at 28 February 2023

Note

2023
£

Current assets

 

Stocks

4

116

Debtors

5

558

Cash at bank and in hand

 

9,529

 

10,203

Creditors: Amounts falling due within one year

6

(11,702)

Net liabilities

 

(1,499)

Capital and reserves

 

Called up share capital

200

Retained earnings

(1,699)

Shareholders' deficit

 

(1,499)

 

G H Construction South West Limited

(Registration number: 14144402)
Balance Sheet as at 28 February 2023

For the financial period ending 28 February 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 period 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 10 January 2024 and signed on its behalf by:
 

.........................................

Mr D J G Goulding

Director

.........................................

Mr M H Harris

Director

 

G H Construction South West Limited

Notes to the Unaudited Financial Statements for the Period from 31 May 2022 to 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

These financial statements were authorised for issue by the Board on 10 January 2024.

2

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.

Going concern

The financial statements have been prepared on a going concern basis. The company began trading in April 2023, and is expecting to be profitably in it’s first year of trading.

Stocks

Work in progress is stated at the lower of costs incurred, and estimated selling price less costs to complete and sell. At each reporting date, work in progress is assessed for impairment. If work in progress is impaired the carrying amount is reduced to its selling price less costs to complete and sell, and the impairment loss is recognised immediately in profit or loss.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

3

Staff numbers

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

4

Stocks

2023
£

Work in progress

116

 

G H Construction South West Limited

Notes to the Unaudited Financial Statements for the Period from 31 May 2022 to 28 February 2023

5

Debtors

2023
£

Prepayments

470

Other debtors

88

558

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

96

Accruals and deferred income

625

Other creditors

10,981

11,702