Company Registration No. 06854987 (England and Wales)
G.R.E. Construction Ltd
Unaudited accounts
for the year ended 31 March 2024
G.R.E. Construction Ltd
Unaudited accounts
Contents
G.R.E. Construction Ltd
Company Information
for the year ended 31 March 2024
Company Number
06854987 (England and Wales)
Registered Office
WEST CLAYTON BUSINESS CENTRE
BERRY LANE
CHORLEYWOOD
HERTFORDSHIRE
WD3 5EX
UNITED KINGDOM
Accountants
GIA Foley & Co
West Clayton Business Centre
Berry Lane
Chorleywood
Hertfordshire
WD3 5EX
G.R.E. Construction Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
183,901
130,121
Cash at bank and in hand
72,608
123,057
Creditors: amounts falling due within one year
(718,437)
(602,777)
Net current (liabilities)/assets
(17,568)
61
Total assets less current liabilities
166,333
130,182
Creditors: amounts falling due after more than one year
(150,008)
(220,563)
Provisions for liabilities
Deferred tax
(13,357)
(15,433)
Net assets/(liabilities)
2,968
(105,814)
Called up share capital
100
100
Profit and loss account
2,868
(105,914)
Shareholders' funds
2,968
(105,814)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 12 July 2024 and were signed on its behalf by
G R Eaton
Director
Company Registration No. 06854987
G.R.E. Construction Ltd
Notes to the Accounts
for the year ended 31 March 2024
G.R.E. Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 06854987. The registered office is WEST CLAYTON BUSINESS CENTRE, BERRY LANE, CHORLEYWOOD, HERTFORDSHIRE, WD3 5EX, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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% on cost
Motor vehicles
25% on cost
Fixtures & fittings
20% on cost
Computer equipment
25% on cost
The company is by definition insolvent, however the director has confirmed that there is sufficient future work to enable the company to return to profitability and under these circumstances has agreed to provide capital as and when required to ensure that the company can meets its obligations.
G.R.E. Construction Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
15,404
253,746
13,348
13,725
296,223
Additions
40,000
71,958
-
1,089
113,047
At 31 March 2024
55,404
325,704
13,348
14,814
409,270
At 1 April 2023
15,404
126,985
10,936
12,777
166,102
Charge for the year
8,333
49,021
1,283
630
59,267
At 31 March 2024
23,737
176,006
12,219
13,407
225,369
At 31 March 2024
31,667
149,698
1,129
1,407
183,901
At 31 March 2023
-
126,761
2,412
948
130,121
Amounts falling due within one year
Trade debtors
167,903
44,240
Amounts due from group undertakings etc.
241,243
200,243
Accrued income and prepayments
5,677
45,547
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
78,020
60,032
Obligations under finance leases and hire purchase contracts
15,449
14,865
Trade creditors
365,304
254,340
Taxes and social security
81,361
80,522
Other creditors
173,013
184,925
Loans from directors
2,540
-
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
80,117
93,344
G.R.E. Construction Ltd
Notes to the Accounts
for the year ended 31 March 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
G R Eaton
177,957
192,461
384,547
(14,129)
177,957
192,461
384,547
(14,129)
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).