Company Registration No. 11107626 (England and Wales)
G & H SECTIONAL TANK SERVICES LTD
Unaudited accounts
for the year ended 31 December 2023
G & H SECTIONAL TANK SERVICES LTD
Unaudited accounts
Contents
G & H SECTIONAL TANK SERVICES LTD
Company Information
for the year ended 31 December 2023
Directors
Mr S Guest
Mr P Harrison
Company Number
11107626 (England and Wales)
Registered Office
BEECH HOUSE 23 LADIES LANE
WIGAN
LANCASHIRE
WN2 2QA
UNITED KINGDOM
Accountants
P A Hull & Co
Beech House
23 Ladies Lane
Hindley, Wigan
Lancashire
WN2 2QA
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of G & H SECTIONAL TANK SERVICES LTD for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
G & H SECTIONAL TANK SERVICES LTD for the year ended
31 December 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of G & H SECTIONAL TANK SERVICES LTD, as a body, in accordance with the terms of our engagement letter dated 25 July 2024. Our work has been undertaken solely to prepare for your approval the accounts of G & H SECTIONAL TANK SERVICES LTD and state those matters that we have agreed to state to the Board of Directors of G & H SECTIONAL TANK SERVICES LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G & H SECTIONAL TANK SERVICES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that G & H SECTIONAL TANK SERVICES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of G & H SECTIONAL TANK SERVICES LTD. You consider that G & H SECTIONAL TANK SERVICES LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of G & H SECTIONAL TANK SERVICES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
P A Hull & Co
Chartered Accountants
Beech House
23 Ladies Lane
Hindley, Wigan
Lancashire
WN2 2QA
25 July 2024
G & H SECTIONAL TANK SERVICES LTD
Statement of financial position
as at 31 December 2023
Tangible assets
9,444
12,593
Cash at bank and in hand
(5,720)
(16,033)
Creditors: amounts falling due within one year
(37,424)
(39,141)
Net current liabilities
(34,444)
(34,703)
Total assets less current liabilities
(25,000)
(22,110)
Creditors: amounts falling due after more than one year
(16,105)
(25,306)
Provisions for liabilities
Deferred tax
(1,794)
(2,393)
Net liabilities
(42,899)
(49,809)
Called up share capital
100
100
Profit and loss account
(42,999)
(49,909)
Shareholders' funds
(42,899)
(49,809)
For the year ending 31 December 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.
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 25 July 2024 and were signed on its behalf by
Mr S Guest
Director
Company Registration No. 11107626
G & H SECTIONAL TANK SERVICES LTD
Notes to the Accounts
for the year ended 31 December 2023
G & H SECTIONAL TANK SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 11107626. The registered office is BEECH HOUSE 23 LADIES LANE, WIGAN, LANCASHIRE, WN2 2QA, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
167
23,500
424
24,091
At 31 December 2023
167
23,500
424
24,091
At 1 January 2023
10
11,382
106
11,498
Charge for the year
40
3,029
80
3,149
At 31 December 2023
50
14,411
186
14,647
At 31 December 2023
117
9,089
238
9,444
At 31 December 2022
157
12,118
318
12,593
Amounts falling due within one year
Trade debtors
8,700
20,471
G & H SECTIONAL TANK SERVICES LTD
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,200
9,200
Taxes and social security
10,959
7,185
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 7 (2022: 8).