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Company Registration No. 07400346 (England and Wales)
G & L Staircases Limited Unaudited accounts for the year ended 31 October 2023
G & L Staircases Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,183,556 
1,163,954 
Current assets
Inventories
104,966 
97,466 
Debtors
418,996 
471,591 
Cash at bank and in hand
108,215 
201,168 
632,177 
770,225 
Creditors: amounts falling due within one year
(660,424)
(804,636)
Net current liabilities
(28,247)
(34,411)
Total assets less current liabilities
1,155,309 
1,129,543 
Creditors: amounts falling due after more than one year
(835,619)
(1,002,675)
Net assets
319,690 
126,868 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
319,688 
126,866 
Shareholders' funds
319,690 
126,868 
For the year ending 31 October 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 24 June 2024 and were signed on its behalf by
Gregg Sorokin Director Company Registration No. 07400346
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G & L Staircases Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
G & L Staircases Limited is a private company, limited by shares, registered in England and Wales, registration number 07400346. The registered office is TY DEWIN, 16 STATION ROAD, PORT TALBOT, SA13 1JB.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Motor vehicles
25% Straight Line
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 November 2022
1,311,095 
Additions
161,235 
Disposals
(135,000)
At 31 October 2023
1,337,330 
Depreciation
At 1 November 2022
147,141 
Charge for the year
44,433 
On disposals
(37,800)
At 31 October 2023
153,774 
Net book value
At 31 October 2023
1,183,556 
At 31 October 2022
1,163,954 
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G & L Staircases Limited Notes to the Accounts for the year ended 31 October 2023
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
6
Average number of employees
During the year the average number of employees was 26 (2022: 30).
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