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Company Registration No. 05836091 (England and Wales)
GOWER GAS & OIL (HEATING SERVICES) LIMITED Unaudited accounts for the year ended 30 June 2023
GOWER GAS & OIL (HEATING SERVICES) LIMITED Unaudited accounts Contents
Page
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GOWER GAS & OIL (HEATING SERVICES) LIMITED Company Information for the year ended 30 June 2023
Directors
Julie Jones Hywel Vickers
Company Number
05836091 (England and Wales)
Registered Office
6 Penrice Court Enterprise Park Swansea Wales SA6 8QW United Kingdom
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GOWER GAS & OIL (HEATING SERVICES) LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
42,138 
210,657 
Current assets
Inventories
10,000 
10,000 
Debtors
169,590 
224,110 
Cash at bank and in hand
32,304 
2,432 
211,894 
236,542 
Creditors: amounts falling due within one year
(335,375)
(254,019)
Net current liabilities
(123,481)
(17,477)
Total assets less current liabilities
(81,343)
193,180 
Creditors: amounts falling due after more than one year
(61,851)
(213,194)
Provisions for liabilities
Other provisions
(1,963)
(1,963)
Net liabilities
(145,157)
(21,977)
Capital and reserves
Share premium
100 
100 
Profit and loss account
(145,257)
(22,077)
Shareholders' funds
(145,157)
(21,977)
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.
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 11 March 2024 and were signed on its behalf by
Julie Jones Director Company Registration No. 05836091
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GOWER GAS & OIL (HEATING SERVICES) LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
GOWER GAS & OIL (HEATING SERVICES) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05836091. The registered office is 6 Penrice Court, Enterprise Park, Swansea, Wales, SA6 8QW, United Kingdom.
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:
Land & buildings
2% Straight Line
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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GOWER GAS & OIL (HEATING SERVICES) LIMITED Notes to the Accounts for the year ended 30 June 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
209,731 
61,477 
- 
271,208 
Additions
- 
974 
25,475 
26,449 
Disposals
(209,731)
- 
- 
(209,731)
At 30 June 2023
- 
62,451 
25,475 
87,926 
Depreciation
At 1 July 2022
25,168 
35,383 
- 
60,551 
Charge for the year
699 
6,584 
3,821 
11,104 
On disposals
(25,867)
- 
- 
(25,867)
At 30 June 2023
- 
41,967 
3,821 
45,788 
Net book value
At 30 June 2023
- 
20,484 
21,654 
42,138 
At 30 June 2022
184,563 
26,094 
- 
210,657 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
44,944 
49,860 
Accrued income and prepayments
2,262 
- 
Other debtors
122,384 
174,250 
169,590 
224,110 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
70,215 
95,518 
VAT
83,589 
71,699 
Obligations under finance leases and hire purchase contracts
9,467 
7,390 
Trade creditors
39,341 
37,805 
Amounts owed to group undertakings and other participating interests
10,445 
12,145 
Taxes and social security
85,285 
3,683 
Other creditors
37,033 
25,779 
335,375 
254,019 
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GOWER GAS & OIL (HEATING SERVICES) LIMITED Notes to the Accounts for the year ended 30 June 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
29,114 
193,046 
Obligations under finance leases and hire purchase contracts
32,737 
20,148 
61,851 
213,194 
8
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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