Registered number: 01828169 | ||||||||
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 | ||||||||
REGISTERED OFFICE | ||||||||
Essex | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
588,244 | 1,023,229 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 83,480 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 12,659 | 33,635 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 9 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | |||||||||
Profit and loss account | 123,988 | 133,789 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Plant and Machinery | reducing balance 15% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Equipment | reducing 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 | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
G.P.P. BUILDING CONTRACTORS LIMITED | ||||||||
3. TANGIBLE FIXED ASSETS | ||||
Plant and | ||||
Machinery Etc. | Total | |||
£ | £ | |||
Cost | ||||
At 1 November 2022 | 405,484 | 405,484 | ||
Additions | 3,558 | 3,558 | ||
Disposals | (111,675) | (111,675) | ||
At 31 October 2023 | 297,367 | 297,367 | ||
Depreciation | ||||
At 1 November 2022 | 301,724 | 301,724 | ||
Disposals | (83,893) | (83,893) | ||
For the year | 13,260 | 13,260 | ||
At 31 October 2023 | 231,091 | 231,091 | ||
Net Book Amounts | ||||
At 31 October 2023 | 66,276 | 66,276 | ||
At 31 October 2022 | 103,760 | 103,760 | ||
4. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stocks | 9,000 | 10,000 | ||||
Work in progress | ||||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Trade debtors | 318,567 | 2,080 | ||||||
VAT | - | 7,904 | ||||||
Other Tax | 5,635 | 1,180 | ||||||
Other debtors | 191,761 | 221,480 | ||||||
515,963 | 232,644 | |||||||
G.P.P. BUILDING CONTRACTORS LIMITED | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans and overdrafts | ||||||||
Trade creditors | 32,884 | 154,235 | ||||||
Taxation and social security | 37,542 | 30,980 | ||||||
Other creditors | 421,545 | 744,007 | ||||||
505,179 | 939,749 | |||||||
Included within other creditors are obligations under finance leases | 1,915 | 1,915 | ||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans and overdrafts | 6,086 | 21,669 | ||||||
Other creditors | 6,573 | 11,966 | ||||||
12,659 | 33,635 | |||||||
Included in other creditors are: | ||||||||
Obligations under finance leases | 4,958 | 7,235 | ||||||
Obligations under hire purchase | 1,615 | 4,731 | ||||||
8. SECURED CREDITORS | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Amount of other creditors which are secured | 12,258 | 17,651 | ||||||
The finance leases and hire purchase agreements are secured on the related assets. | ||||||||
9. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 12,594 | 19,716 | ||||||
12,594 | 19,716 | |||||||
G.P.P. BUILDING CONTRACTORS LIMITED | ||||||||
10. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||