G.H.T. Plastering Services Limited 01190806 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Plastering Digita Accounts Production Advanced 6.30.9574.0 true true 01190806 2023-04-01 2024-03-31 01190806 2024-03-31 01190806 bus:OrdinaryShareClass1 2024-03-31 01190806 core:CurrentFinancialInstruments 2024-03-31 01190806 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 01190806 core:FurnitureFittings 2024-03-31 01190806 core:MotorVehicles 2024-03-31 01190806 core:PlantMachinery 2024-03-31 01190806 bus:SmallEntities 2023-04-01 2024-03-31 01190806 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 01190806 bus:FilletedAccounts 2023-04-01 2024-03-31 01190806 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01190806 bus:RegisteredOffice 2023-04-01 2024-03-31 01190806 bus:Director1 2023-04-01 2024-03-31 01190806 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 01190806 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01190806 core:FurnitureFittings 2023-04-01 2024-03-31 01190806 core:MotorVehicles 2023-04-01 2024-03-31 01190806 core:PlantMachinery 2023-04-01 2024-03-31 01190806 countries:AllCountries 2023-04-01 2024-03-31 01190806 2023-03-31 01190806 core:FurnitureFittings 2023-03-31 01190806 core:MotorVehicles 2023-03-31 01190806 core:PlantMachinery 2023-03-31 01190806 2022-04-01 2023-03-31 01190806 2023-03-31 01190806 bus:OrdinaryShareClass1 2023-03-31 01190806 core:CurrentFinancialInstruments 2023-03-31 01190806 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 01190806 core:FurnitureFittings 2023-03-31 01190806 core:MotorVehicles 2023-03-31 01190806 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01190806

G.H.T. Plastering Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

G.H.T. Plastering Services Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

G.H.T. Plastering Services Limited

(Registration number: 01190806)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

37,017

35,285

Current assets

 

Stocks

5

550,604

280,150

Debtors

6

395,567

403,193

Cash at bank and in hand

 

539,514

624,807

 

1,485,685

1,308,150

Creditors: Amounts falling due within one year

7

(272,650)

(258,269)

Net current assets

 

1,213,035

1,049,881

Total assets less current liabilities

 

1,250,052

1,085,166

Provisions for liabilities

(8,035)

(7,523)

Net assets

 

1,242,017

1,077,643

Capital and reserves

 

Called up share capital

8

10,000

10,000

Retained earnings

1,232,017

1,067,643

Shareholders' funds

 

1,242,017

1,077,643

 

G.H.T. Plastering Services Limited

(Registration number: 01190806)
Balance Sheet as at 31 March 2024 (continued)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 July 2024 and signed on its behalf by:
 

.........................................
R J Jones
Director

 

G.H.T. Plastering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Grooms House
Stanshawes Court
Yate
Bristol
South Gloucestershire
BS37 4DZ
United Kingdom

These financial statements were authorised for issue by the Board on 30 July 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

 

G.H.T. Plastering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

15% Reducing Balance

Fixtures, Fittings & Equipment

33% Reducing Balance

Motor Vehicles

25% Reducing Balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Work in progress is calculated by reference to work completed on contracts as at the balance sheet date and in accordance with agreed valuations.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

 

G.H.T. Plastering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2023 - 15).

 

G.H.T. Plastering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

29,117

62,770

49,405

141,292

Additions

-

-

12,460

12,460

At 31 March 2024

29,117

62,770

61,865

153,752

Depreciation

At 1 April 2023

27,616

60,467

17,924

106,007

Charge for the year

176

346

10,206

10,728

At 31 March 2024

27,792

60,813

28,130

116,735

Carrying amount

At 31 March 2024

1,325

1,957

33,735

37,017

At 31 March 2023

1,501

2,303

31,481

35,285

5

Stocks

2024
£

2023
£

Raw materials and consumables

3,000

3,000

Work in progress

547,604

277,150

550,604

280,150

6

Debtors

Current

2024
£

2023
£

Trade debtors

90,509

72,708

Prepayments

30,097

31,734

Other debtors

274,961

298,751

 

395,567

403,193

 

G.H.T. Plastering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

145,300

114,604

Taxation and social security

75,413

64,084

Accruals and deferred income

45,046

74,067

Other creditors

6,891

5,514

272,650

258,269

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

10,000

10,000

10,000

10,000

       

9

Controlling party

The ultimate parent company is GHT Drywall Limited, a company incorporated in England & Wales. The director, R J Jones, is the ultimate controlling party by virtue of holding a controlling interest in the issued share capital of the parent company GHT Drywall Limited.