IRIS Accounts Production v24.1.0.578 04574635 director 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045746352022-10-31045746352023-10-31045746352022-11-012023-10-31045746352021-10-31045746352021-11-012022-10-31045746352022-10-3104574635ns15:EnglandWales2022-11-012023-10-3104574635ns14:PoundSterling2022-11-012023-10-3104574635ns10:Director12022-11-012023-10-3104574635ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3104574635ns10:SmallEntities2022-11-012023-10-3104574635ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3104574635ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3104574635ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3104574635ns10:FullAccounts2022-11-012023-10-3104574635ns10:CompanySecretary12022-11-012023-10-3104574635ns10:RegisteredOffice2022-11-012023-10-3104574635ns5:CurrentFinancialInstruments2023-10-3104574635ns5:CurrentFinancialInstruments2022-10-3104574635ns5:Non-currentFinancialInstruments2023-10-3104574635ns5:Non-currentFinancialInstruments2022-10-3104574635ns5:ShareCapital2023-10-3104574635ns5:ShareCapital2022-10-3104574635ns5:RetainedEarningsAccumulatedLosses2023-10-3104574635ns5:RetainedEarningsAccumulatedLosses2022-10-3104574635ns5:PlantMachinery2022-11-012023-10-3104574635ns5:PlantMachinery2022-10-3104574635ns5:PlantMachinery2023-10-3104574635ns5:PlantMachinery2022-10-3104574635ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3104574635ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31
REGISTERED NUMBER: 04574635 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Gaskell Contracting Services Ltd

Gaskell Contracting Services Ltd (Registered number: 04574635)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gaskell Contracting Services Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: M J Gaskell





SECRETARY: Miss J Gaskell





REGISTERED OFFICE: 245 Upholland Road
Wigan
Lancashire
WN5 7DN





REGISTERED NUMBER: 04574635 (England and Wales)





ACCOUNTANTS: Keith Dodd Accountants Ltd
4a Blundell Crescent
Hillside
Southport
Merseyside
PR8 4RF

Gaskell Contracting Services Ltd (Registered number: 04574635)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 285,429 111,455

CURRENT ASSETS
Debtors 4 200,056 176,184
Investments 5 11,350 11,350
Cash at bank 397,617 272,435
609,023 459,969
CREDITORS
Amounts falling due within one year 6 262,285 104,972
NET CURRENT ASSETS 346,738 354,997
TOTAL ASSETS LESS CURRENT
LIABILITIES

632,167

466,452

CREDITORS
Amounts falling due after more than one
year

7

(24,654

)

(48,495

)

PROVISIONS FOR LIABILITIES (59,655 ) (23,294 )
NET ASSETS 547,858 394,663

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 547,758 394,563
SHAREHOLDERS' FUNDS 547,858 394,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Gaskell Contracting Services Ltd (Registered number: 04574635)

Balance Sheet - continued
31 October 2023


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 director and authorised for issue on 29 July 2024 and were signed by:





M J Gaskell - Director


Gaskell Contracting Services Ltd (Registered number: 04574635)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. 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 etc - 20% on reducing balance

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Gaskell Contracting Services Ltd (Registered number: 04574635)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 282,333
Additions 194,150
At 31 October 2023 476,483
DEPRECIATION
At 1 November 2022 170,878
Charge for year 20,176
At 31 October 2023 191,054
NET BOOK VALUE
At 31 October 2023 285,429
At 31 October 2022 111,455

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 169,747 870
Other debtors 30,309 175,314
200,056 176,184

5. CURRENT ASSET INVESTMENTS
31.10.23 31.10.22
£    £   
Other 11,350 11,350

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 9,592 9,592
Hire purchase contracts 14,249 16,149
Trade creditors 229,908 54,478
Taxation and social security 6,111 22,603
Other creditors 2,425 2,150
262,285 104,972

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 18,788 28,380
Hire purchase contracts 5,866 20,115
24,654 48,495