G&G PROPERTY MAINTENANCE LTD

Company Registration Number:
14495207 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 21 November 2022

End date: 30 November 2023

G&G PROPERTY MAINTENANCE LTD

Contents of the Financial Statements

for the Period Ended 30 November 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

G&G PROPERTY MAINTENANCE LTD

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Directors

The director shown below has held office during the period of
22 November 2022 to 30 November 2023

Gabriel Damyanov


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
16 August 2024

And signed on behalf of the board by:
Name: Gabriel Damyanov
Status: Director

G&G PROPERTY MAINTENANCE LTD

Profit And Loss Account

for the Period Ended 30 November 2023

2023


£
Turnover: 41,753
Cost of sales: ( 32,096 )
Gross profit(or loss): 9,657
Administrative expenses: ( 3,897 )
Operating profit(or loss): 5,760
Profit(or loss) before tax: 5,760
Tax: ( 1,094 )
Profit(or loss) for the financial year: 4,666

G&G PROPERTY MAINTENANCE LTD

Balance sheet

As at 30 November 2023

Notes 2023


£
Current assets
Cash at bank and in hand: 1,530
Total current assets: 1,530
Creditors: amounts falling due within one year: 3 ( 1,464 )
Net current assets (liabilities): 66
Total assets less current liabilities: 66
Total net assets (liabilities): 66
Capital and reserves
Called up share capital: 100
Profit and loss account: (34 )
Total Shareholders' funds: 66

The notes form part of these financial statements

G&G PROPERTY MAINTENANCE LTD

Balance sheet statements

For the year ending 30 November 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.

This report was approved by the board of directors on 16 August 2024
and signed on behalf of the board by:

Name: Gabriel Damyanov
Status: Director

The notes form part of these financial statements

G&G PROPERTY MAINTENANCE LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value addedtaxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover isreduced for estimated customer returns, rebates and other similar allowances.Sale of goodsTurnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods hastransferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.Rendering of servicesTurnover from the rendering of services is recognised by reference to the stage of completion of the contract. Thestage of completion of a contract is measured by comparing the costs incurred for work performed to date to the totalestimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of acontract cannot be estimated reliably.

    Other accounting policies

    2.3. TaxationIncome tax expense represents the sum of the tax currently payable and deferred tax.The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in thestatement of comprehensive income because of items of income or expense that are taxable or deductible in otheryears and items that are never taxable or deductible. The company's liability for current tax is calculated using taxrates that have been enacted or substantively enacted by the end of the reporting period.Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financialstatements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities aregenerally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductibletemporary differences to the extent that it is probable that taxable profits will be available against which thosedeductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of eachreporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be availableto allow all or part of the asset to be recovered.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which theliability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantivelyenacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities anddeferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequencesthat would follow from the manner in which the Company expects, at the end of the reporting period, to recover orsettle the carrying amount of its assets and liabilities.Current or deferred tax for the year is recognised in profit or loss, except when they related to items that arerecognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is alsorecognised in other comprehensive income or directly in equity respectively.

G&G PROPERTY MAINTENANCE LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023
    Average number of employees during the period 0

G&G PROPERTY MAINTENANCE LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Creditors: amounts falling due within one year note

2023
£
Taxation and social security 1,094
Accruals and deferred income 370
Total 1,464