01828169falsebuilding contractors and developers2022-11-012023-10-31http://www.companieshouse.gov.uk/2022-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-10-31http://www.companieshouse.gov.uk/cd:Director12022-11-012023-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-10-31http://www.companieshouse.gov.uk/cd:Director22022-11-012023-10-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-11-012023-10-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-11-012023-10-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-11-012023-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-10-31http://www.companieshouse.gov.uk/2022-11-012023-10-31http://www.companieshouse.gov.uk/2022-10-31http://www.companieshouse.gov.uk/cd:FRS1022022-11-012023-10-31http://www.companieshouse.gov.uk/2023-10-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-11-012023-10-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-11-012023-10-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 01828169
G.P.P. BUILDING CONTRACTORS LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2023
Prepared By:
McMillan Rose & Co Ltd
Chartered Certified Accountants
Haltgate House
52A Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NH
G.P.P. BUILDING CONTRACTORS LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2023
DIRECTORS
G Tilson
B Tilson
REGISTERED OFFICE
The Anchorage
The Chase
Runwell
Essex
SS11 7PU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01828169
ACCOUNTANTS
McMillan Rose & Co Ltd
Chartered Certified Accountants
Haltgate House
52A Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NH
G.P.P. BUILDING CONTRACTORS LIMITED
ACCOUNTS
FOR THEYEARENDED31 OCTOBER 2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
G.P.P. BUILDING CONTRACTORS LIMITED
BALANCE SHEET AT 31 October 2023
20232022
Notes££
FIXED ASSETS
Tangible assets366,276103,760
CURRENT ASSETS
Stock9,000790,000
Debtors5515,963232,644
Cash at bank and in hand63,281585
588,2441,023,229
CREDITORS: Amounts falling due within one year6505,179939,749
NET CURRENT ASSETS83,06583,480
TOTAL ASSETS LESS CURRENT LIABILITIES149,341187,240
CREDITORS: Amounts falling due after more than one year712,65933,635
PROVISIONS FOR LIABILITIES AND CHARGES912,59419,716
NET ASSETS124,088133,889
CAPITAL AND RESERVES
Called up share capital10100100
Profit and loss account123,988133,789
SHAREHOLDERS' FUNDS124,088133,889
For the year ending 31 October 2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 19 July 2024 and signed on their behalf by
.............................
G Tilson
Director
G.P.P. BUILDING CONTRACTORS LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 15%
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stock are valued at the lower of cost and and net realisable value, after due regard for obsolete and slow moving items.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
1f. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
2. EMPLOYEES
20232022
No.No.
Average number of employees12
G.P.P. BUILDING CONTRACTORS LIMITED
3. TANGIBLE FIXED ASSETS
Plant and
Machinery Etc.Total
££
Cost
At 1 November 2022405,484405,484
Additions3,5583,558
Disposals(111,675)(111,675)
At 31 October 2023297,367297,367
Depreciation
At 1 November 2022301,724301,724
Disposals(83,893)(83,893)
For the year13,26013,260
At 31 October 2023231,091231,091
Net Book Amounts
At 31 October 202366,27666,276
At 31 October 2022103,760103,760
4. STOCK 20232022
££
Stock comprises:
Stocks9,00010,000
Work in progress-780,000
9,000790,000
5. DEBTORS 20232022
££
Amounts falling due within one year:
Trade debtors318,5672,080
VAT-7,904
Other Tax5,6351,180
Other debtors191,761221,480
515,963232,644
G.P.P. BUILDING CONTRACTORS LIMITED
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Bank loans and overdrafts13,20810,527
Trade creditors32,884154,235
Taxation and social security37,54230,980
Other creditors421,545744,007
505,179939,749
Included within other creditors are obligations under finance leases1,9151,915
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans and overdrafts6,08621,669
Other creditors6,57311,966
12,65933,635
Included in other creditors are:
Obligations under finance leases4,9587,235
Obligations under hire purchase1,6154,731
8. SECURED CREDITORS
20232022
££
Amount of other creditors which are secured12,25817,651
The finance leases and hire purchase agreements are secured on the related assets.
9. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation12,59419,716
12,59419,716
G.P.P. BUILDING CONTRACTORS LIMITED
10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100