2022-12-01 08256155 2023-11-30 08256155 2022-12-01 2023-11-30 08256155 2022-11-30 08256155 2021-12-01 2022-11-30 08256155 uk-core:WithinOneYear 2022-11-30 08256155 uk-core:WithinOneYear 2023-11-30 08256155 uk-core:AfterOneYear 2022-11-30 08256155 uk-core:AfterOneYear 2023-11-30 08256155 uk-core:ShareCapital 2023-11-30 08256155 uk-core:ShareCapital 2022-11-30 08256155 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 08256155 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 08256155 uk-bus:Director1 2022-12-01 2023-11-30 08256155 uk-core:PlantMachinery 2022-12-01 2023-11-30 08256155 uk-core:CommercialMotorVehicles 2022-12-01 2023-11-30 08256155 uk-core:FurnitureFittings 2022-12-01 2023-11-30 08256155 uk-core:FurnitureFittings 2022-11-30 08256155 uk-core:CommercialMotorVehicles 2022-11-30 08256155 uk-core:PlantMachinery 2022-11-30 08256155 uk-core:PlantMachinery 2023-11-30 08256155 uk-core:CommercialMotorVehicles 2023-11-30 08256155 uk-core:FurnitureFittings 2023-11-30 08256155 uk-core:WithinOneYear 2023-11-30 08256155 uk-core:WithinOneYear 2022-11-30 08256155 uk-core:AfterOneYear uk-core:Secured 2023-11-30 08256155 uk-core:AfterOneYear uk-core:Secured 2022-11-30 iso4217:GBP xbrli:pure 08256155 uk-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 08256155 uk-bus:FRS102 2022-12-01 2023-11-30 08256155 uk-bus:FilletedAccounts 2022-12-01 2023-11-30 08256155 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30
Gunite and Shotcrete Services Limited
Registered Number:08256155
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2023
Gunite and Shotcrete Services Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
08256155
As at 30 November 2023
Gunite and Shotcrete Services Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
558,095
402,546
2
558,095
402,546
Current assets
Inventories
1,000
1,000
3
Trade and other receivables
283,711
461,502
4
212,598
Cash and cash equivalents
312,393
774,895
497,309
Trade and other payables: amounts falling due within one
year
(242,088)
(416,164)
5
255,221
358,731
Net current assets
Total assets less current liabilities
916,826
657,767
Trade and other payables: amounts falling due after more
than one year
(168,233)
(320,078)
6
(106,000)
(76,500)
Provisions for liabilities
490,748
Net assets
413,034
Capital and reserves
Called up share capital
1,001
100
Retained earnings
489,747
412,934
490,748
413,034
Shareholders' funds
For the year ended 30 November 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 of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
08256155
For the year ended 30 November 2023
Gunite and Shotcrete Services Limited
Statement of Financial Position Continued
Mr J. Aveling Director
These financial statements were approved and authorised for issue by the Board on 24 April 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 November 2023
Gunite and Shotcrete Services Limited
Notes to the Financial Statements
Statutory Information
Gunite and Shotcrete Services Limited is a private limited company, limited by shares, domiciled in England
and Wales, registration number 08256155.
Registered address:
Omega Court
368 Cemetery Road
Sheffield
S11 8FT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.
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6
For the year ended 30 November 2023
Gunite and Shotcrete Services Limited
Notes to the Financial Statements Continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the 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 timing differences. 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 future profits.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 December 2022
546,461
10,013
227,195
309,253
373,317
8,214
268,297
96,806
Additions
-
(117,381)
-
Disposals
(117,381)
At 30 November 2023
406,059
378,111
18,227
802,397
Provision for depreciation and impairment
At 01 December 2022
143,915
5,561
66,809
71,545
Charge for year
139,742
1,900
87,665
50,177
(39,355)
-
(39,355)
-
On disposal
At 30 November 2023
244,302
7,461
115,119
121,722
At 30 November 2023
Net book value
284,337
262,992
10,766
558,095
At 30 November 2022
237,708
160,386
4,452
402,546
3. Inventories
2022
2023
£
£
Stocks
1,000
1,000
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For the year ended 30 November 2023
Gunite and Shotcrete Services Limited
Notes to the Financial Statements Continued
4. Trade and other receivables
2022
2023
£
£
Trade debtors
368,960
246,375
Other debtors
92,542
37,336
283,711
461,502
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
84,760
47,260
Trade creditors
174,914
45,034
Taxation and social security
18,872
15,167
Other creditors
137,618
134,627
416,164
242,088
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
238,272
122,119
Other creditors
81,806
46,114
320,078
168,233
7. Related party transactions
The directors iare also shareholders of the company. Dividends paid to the directors, as directors and
shareholders of the company, during the year (with the previous year shown in brackets) were: Mr J. Aveling
£90,900 (£53,000), Mr M. Groves £Nil (£Nil), Mrs N. Groves £Nil (£Nil), Mr D. Groves £Nil (£Nil), Mr P.
Groves £Nil (£Nil).
8. Average number of persons employed
During the year the average number of employees was 12 (2022 : 9)
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