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Company Registration No. 14733936 (England and Wales)
GDA Painting & Decorating Contractors Limited Unaudited accounts for the period from 16 March 2023 to 31 March 2024
GDA Painting & Decorating Contractors Limited Unaudited accounts Contents
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GDA Painting & Decorating Contractors Limited Company Information for the period from 16 March 2023 to 31 March 2024
Directors
Matthew Gray Christian Sampson
Company Number
14733936 (England and Wales)
Registered Office
2 Exeter Street Cottingham East Riding of Yorkshire HU16 4LU England
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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GDA Painting & Decorating Contractors Limited Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
4,966 
Current assets
Inventories
7,700 
Debtors
33,711 
Cash at bank and in hand
54,713 
96,124 
Creditors: amounts falling due within one year
(41,840)
Net current assets
54,284 
Total assets less current liabilities
59,250 
Provisions for liabilities
Deferred tax
(943)
Net assets
58,307 
Capital and reserves
Called up share capital
100 
Profit and loss account
58,207 
Shareholders' funds
58,307 
For the period ending 31 March 2024 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 8 April 2024 and were signed on its behalf by
Matthew Gray Director Company Registration No. 14733936
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GDA Painting & Decorating Contractors Limited Notes to the Accounts for the period from 16 March 2023 to 31 March 2024
1
Statutory information
GDA Painting & Decorating Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 14733936. The registered office is 2 Exeter Street, Cottingham, East Riding of Yorkshire, HU16 4LU, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and 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.
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.
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
25% Cost
Computer equipment
25% Cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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.
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.
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GDA Painting & Decorating Contractors Limited Notes to the Accounts for the period from 16 March 2023 to 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 16 March 2023
- 
- 
- 
Additions
6,150 
458 
6,608 
At 31 March 2024
6,150 
458 
6,608 
Depreciation
Charge for the period
1,528 
114 
1,642 
At 31 March 2024
1,528 
114 
1,642 
Net book value
At 31 March 2024
4,622 
344 
4,966 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
33,395 
Accrued income and prepayments
316 
33,711 
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
13,234 
Trade creditors
768 
Taxes and social security
16,042 
Other creditors
39 
Loans from directors
11,757 
41,840 
7
Average number of employees
During the period the average number of employees was 2.
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