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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
Page
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G.R.E. Construction Ltd Company Information for the year ended 31 March 2024
Director
G R Eaton
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
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G.R.E. Construction Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
183,901 
130,121 
Current assets
Inventories
150,000 
- 
Debtors
478,261 
479,781 
Cash at bank and in hand
72,608 
123,057 
700,869 
602,838 
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)
Capital and reserves
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
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G.R.E. Construction Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Going concern
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.
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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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
63,438 
- 
Trade debtors
167,903 
44,240 
Amounts due from group undertakings etc.
241,243 
200,243 
Accrued income and prepayments
5,677 
45,547 
Other debtors
- 
189,751 
478,261 
479,781 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
78,020 
60,032 
VAT
- 
7,908 
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 
- 
Accruals
2,750 
185 
718,437 
602,777 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
69,891 
127,219 
Obligations under finance leases and hire purchase contracts
80,117 
93,344 
150,008 
220,563 
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G.R.E. Construction Ltd Notes to the Accounts for the year ended 31 March 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
G R Eaton
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).
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