Registered number
14245906
Gollick Electrical Ltd
Filleted Abridged Accounts
31 July 2024
Gollick Electrical Ltd
Registered number: 14245906
Abridged Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 15,078 19,307
Current assets
Debtors 18,647 8,850
Cash at bank and in hand 32,113 25,080
50,760 33,930
Creditors: amounts falling due within one year (17,078) (1,958)
Net current assets 33,682 31,972
Total assets less current liabilities 48,760 51,279
Creditors: amounts falling due after more than one year (13,049) (16,033)
Net assets 35,711 35,246
Capital and reserves
Called up share capital 1 1
Profit and loss account 35,710 35,245
Shareholder's funds 35,711 35,246
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
D I Gollick
Director
Approved by the board on 27 September 2024
Gollick Electrical Ltd
Notes to the Abridged Accounts
for the year ended 31 July 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment 33% SL
Plant & Machinery etc. 25% RB
Motor Vehicles 25% RB
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Total
£
Cost
At 1 August 2023 25,777
Additions 917
At 31 July 2024 26,694
Depreciation
At 1 August 2023 6,470
Charge for the year 5,146
At 31 July 2024 11,616
Net book value
At 31 July 2024 15,078
At 31 July 2023 19,307
4 Other information
Gollick Electrical Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Barn 2 St Johns College Farm
Newcastle Street
Tuxford
Nottinghamshire
NG22 0LN
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