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REGISTERED NUMBER: 00940891 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

G.F.P. Engineering Limited

G.F.P. Engineering Limited (Registered number: 00940891)






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

Report of the Accountants 6

G.F.P. Engineering Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C Fox
Mrs R Fox
R Fox





REGISTERED OFFICE: Units 1&2 Morford Road
Aldridge
Walsall
West Midlands
WS9 8TF





REGISTERED NUMBER: 00940891 (England and Wales)





ACCOUNTANTS: Goodwins
6 Parkside Court
Greenhough Road
Lichfield
Staffordshire
WS13 7AU

G.F.P. Engineering Limited (Registered number: 00940891)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,971 128,837

CURRENT ASSETS
Stocks 9,107 20,021
Debtors 5 218,180 106,068
Cash at bank 175,664 98,933
402,951 225,022
CREDITORS
Amounts falling due within one year 6 495,774 299,892
NET CURRENT LIABILITIES (92,823 ) (74,870 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,148

53,967

CREDITORS
Amounts falling due after more than one
year

7

-

25,014
NET ASSETS 29,148 28,953

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,048 28,853
29,148 28,953

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.

G.F.P. Engineering Limited (Registered number: 00940891)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





R Fox - Director


G.F.P. Engineering Limited (Registered number: 00940891)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

G.F.P. Engineering 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 16 ) .

G.F.P. Engineering Limited (Registered number: 00940891)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 300,165
DEPRECIATION
At 1 January 2023 171,328
Charge for year 6,866
At 31 December 2023 178,194
NET BOOK VALUE
At 31 December 2023 121,971
At 31 December 2022 128,837

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 200,947 106,484
Other debtors 17,233 (416 )
218,180 106,068

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 282,430 161,952
Taxation and social security 65,031 43,639
Other creditors 148,313 94,301
495,774 299,892

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors - 25,014

G.F.P. Engineering Limited

Report of the Accountants to the Directors of
G.F.P. Engineering Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Goodwins
6 Parkside Court
Greenhough Road
Lichfield
Staffordshire
WS13 7AU


23 September 2024