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REGISTERED NUMBER: 05770262 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

G & S MECHANICAL SERVICES LIMITED

G & S MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 05770262)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G & S MECHANICAL SERVICES LIMITED

Company Information
for the year ended 31 March 2024







DIRECTOR: G W A Elphick



REGISTERED OFFICE: 25 Crescent Drive North
Brighton
East Sussex
BN2 6SP



REGISTERED NUMBER: 05770262 (England and Wales)



ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB



BANKERS: National Westminster Bank Plc
55 Lewes Road
Brighton
East Sussex
BN2 3JQ

G & S MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 05770262)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 2

CURRENT ASSETS
Debtors 5 6,624 14,115

CREDITORS
Amounts falling due within one year 6 (95,041 ) (109,940 )
NET CURRENT LIABILITIES (88,417 ) (95,825 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(88,417

)

(95,823

)

CREDITORS
Amounts falling due after more than one
year

7

(17,162

)

-
NET LIABILITIES (105,579 ) (95,823 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (105,581 ) (95,825 )
(105,579 ) (95,823 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2024 and were signed by:



G W A Elphick - Director


G & S MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 05770262)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

G & S Mechanical Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts. Revenue from the sale of plumbing and heating services is recognised at the point of sale.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tools & equipment -25% reducing balance
Motor vehicles -25% reducing balance

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The director has agreed to support the company as necessary in the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

G & S MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 05770262)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Tools &
equipment
£   
COST
At 1 April 2023
and 31 March 2024 254
DEPRECIATION
At 1 April 2023 252
Charge for year 2
At 31 March 2024 254
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 2

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,405 14,081
Other debtors 219 34
6,624 14,115

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,036 39,716
Trade creditors 7,951 30,967
Taxation and social security 3,462 7,510
Other creditors 60,592 31,747
95,041 109,940

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 17,162 -

G & S MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 05770262)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully
paid:


Number: Class: Nominal Value: 2014 2013
£ £

190 Ordinary A 1p 1.90 1.90
10 Ordinary B 1p 0.10 0.10
2.00 2.00