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REGISTERED NUMBER: 04985191 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GASMASTER (BOURNEMOUTH) LIMITED

GASMASTER (BOURNEMOUTH) LIMITED (REGISTERED NUMBER: 04985191)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GASMASTER (BOURNEMOUTH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr P Renshaw





REGISTERED OFFICE: Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS





BUSINESS ADDRESS: 5 St Stephens Lane
Verwood
Dorset
BH31 7BQ





REGISTERED NUMBER: 04985191 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

GASMASTER (BOURNEMOUTH) LIMITED (REGISTERED NUMBER: 04985191)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,279 5,704

CURRENT ASSETS
Debtors 5 26,190 26,429
Cash at bank 8,401 10,694
34,591 37,123
CREDITORS
Amounts falling due within one year 6 37,465 41,562
NET CURRENT LIABILITIES (2,874 ) (4,439 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,405 1,265

PROVISIONS FOR LIABILITIES 813 1,084
NET ASSETS 592 181

CAPITAL AND RESERVES
Called up share capital 50 100
Capital redemption reserve 7 100 50
Retained earnings 7 442 31
SHAREHOLDERS' FUNDS 592 181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GASMASTER (BOURNEMOUTH) LIMITED (REGISTERED NUMBER: 04985191)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





Mr P Renshaw - Director


GASMASTER (BOURNEMOUTH) LIMITED (REGISTERED NUMBER: 04985191)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Gasmaster (Bournemouth) 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 amounts receivable for heating, gas and plumbing services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

GASMASTER (BOURNEMOUTH) LIMITED (REGISTERED NUMBER: 04985191)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 8,806 24,810 1,685 35,301
DEPRECIATION
At 1 January 2023 7,546 20,394 1,657 29,597
Charge for year 314 1,104 7 1,425
At 31 December 2023 7,860 21,498 1,664 31,022
NET BOOK VALUE
At 31 December 2023 946 3,312 21 4,279
At 31 December 2022 1,260 4,416 28 5,704

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,420 701
Other debtors 24,770 25,728
26,190 26,429

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,355 20,657
Taxation and social security 21,183 13,679
Other creditors 12,927 7,226
37,465 41,562

GASMASTER (BOURNEMOUTH) LIMITED (REGISTERED NUMBER: 04985191)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2023 31 50 81
Profit for the year 40,909 40,909
Dividends (40,498 ) (40,498 )
Purchase of own shares - 50 50
At 31 December 2023 442 100 542

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr S P Green
Balance outstanding at start of year 6,828 1,709
Amounts advanced 29,911 33,127
Amounts repaid (36,739 ) (28,008 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 6,828

Mr P Renshaw
Balance outstanding at start of year 13,794 6,240
Amounts advanced 34,748 35,420
Amounts repaid (29,155 ) (27,866 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,387 13,794

Loans to directors are interest bearing and repayable on demand.