Company Registration No. 07721015 (England and Wales)
GAS AND WATER ENGINEERING (UK) LIMITED
Unaudited accounts
for the year ended 31 May 2023
GAS AND WATER ENGINEERING (UK) LIMITED
Unaudited accounts
Contents
GAS AND WATER ENGINEERING (UK) LIMITED
Company Information
for the year ended 31 May 2023
Company Number
07721015 (England and Wales)
Registered Office
Unit 3 MCS Industrial Estate
Hawkins Lane
BURTON-ON-TRENT
DE14 1PT
ENGLAND
GAS AND WATER ENGINEERING (UK) LIMITED
Statement of financial position
as at 31 May 2023
Tangible assets
35,689
56,354
Inventories
138,824
97,490
Cash at bank and in hand
26,980
45,366
Creditors: amounts falling due within one year
(234,630)
(336,330)
Net current assets
193,636
179,825
Total assets less current liabilities
229,325
236,179
Creditors: amounts falling due after more than one year
(34,672)
(64,904)
Net assets
194,653
171,275
Called up share capital
100
100
Profit and loss account
194,553
171,175
Shareholders' funds
194,653
171,275
For the year ending 31 May 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 director acknowledges her 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 and authorised for issue on 22 February 2024 and were signed on its behalf by
Louise Stoakes
Director
Company Registration No. 07721015
GAS AND WATER ENGINEERING (UK) LIMITED
Notes to the Accounts
for the year ended 31 May 2023
GAS AND WATER ENGINEERING (UK) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07721015. The registered office is Unit 3 MCS Industrial Estate, Hawkins Lane, BURTON-ON-TRENT, DE14 1PT, ENGLAND.
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.
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:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
7,833
100,176
4,609
112,618
Additions
5,370
2,450
-
7,820
Disposals
-
(20,945)
-
(20,945)
At 31 May 2023
13,203
81,681
4,609
99,493
At 1 June 2022
4,641
48,156
3,467
56,264
Charge for the year
1,484
9,538
1,142
12,164
On disposals
-
(4,624)
-
(4,624)
At 31 May 2023
6,125
53,070
4,609
63,804
At 31 May 2023
7,078
28,611
-
35,689
At 31 May 2022
3,192
52,020
1,142
56,354
GAS AND WATER ENGINEERING (UK) LIMITED
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Trade debtors
255,723
368,361
Accrued income and prepayments
5,639
4,938
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,400
8,400
Obligations under finance leases and hire purchase contracts
10,614
13,888
Trade creditors
201,816
299,090
Taxes and social security
4,397
22,156
Loans from directors
6,698
6,910
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
20,229
42,200
8
Average number of employees
During the year the average number of employees was 14 (2022: 12).