2023-04-01 05793769 2024-03-31 05793769 2023-04-01 2024-03-31 05793769 2023-03-31 05793769 2022-04-01 2023-03-31 05793769 uk-core:WithinOneYear 2023-03-31 05793769 uk-core:WithinOneYear 2024-03-31 05793769 uk-core:ShareCapital 2024-03-31 05793769 uk-core:ShareCapital 2023-03-31 05793769 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 05793769 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 05793769 uk-bus:Director1 2023-04-01 2024-03-31 05793769 uk-core:FurnitureFittings 2023-04-01 2024-03-31 05793769 uk-core:ToolsEquipment 2023-03-31 05793769 uk-core:FurnitureFittings 2023-03-31 05793769 uk-core:CommercialMotorVehicles 2023-03-31 05793769 uk-core:PlantMachinery 2023-03-31 05793769 uk-core:CommercialMotorVehicles 2024-03-31 05793769 uk-core:FurnitureFittings 2024-03-31 05793769 uk-core:ToolsEquipment 2024-03-31 05793769 uk-core:PlantMachinery 2024-03-31 05793769 uk-core:ToolsEquipment 2023-04-01 2024-03-31 05793769 uk-core:CommercialMotorVehicles 2023-04-01 2024-03-31 05793769 uk-core:PlantMachinery 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure 05793769 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05793769 uk-bus:FRS102 2023-04-01 2024-03-31 05793769 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 05793769 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
GBC Electrical Engineering Limited
Registered Number:05793769
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
GBC Electrical Engineering Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
05793769
As at 31 March 2024
GBC Electrical Engineering Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
28,131
36,563
2
28,131
36,563
Current assets
Inventories
47,289
3,250
3
Trade and other receivables
475,553
404,621
4
42,231
Cash and cash equivalents
187,603
595,474
565,073
Trade and other payables: amounts falling due within one
year
(381,104)
(271,401)
5
183,969
324,073
Net current assets
Total assets less current liabilities
352,204
220,532
352,204
Net assets
220,532
Capital and reserves
Called up share capital
101
101
Retained earnings
352,103
220,431
352,204
220,532
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Gareth Bryan Clarke Director
These financial statements were approved and authorised for issue by the Board on 09 October 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
GBC Electrical Engineering Limited
Notes to the Financial Statements
Statutory Information
GBC Electrical Engineering Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05793769.
Registered address:
Dellgrove Lodge
6 Healey Grove
Whitworth
Lancashire
OL12 8RX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15 Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 April 2023
111,115
8,182
5,550
91,783
5,600
At 31 March 2024
91,783
5,550
8,182
111,115
5,600
Provision for depreciation and impairment
At 01 April 2023
74,552
6,026
1,367
62,297
4,862
Charge for year
8,432
323
627
7,371
111
At 31 March 2024
82,984
6,349
1,994
69,668
4,973
At 31 March 2024
Net book value
627
22,115
3,556
1,833
28,131
At 31 March 2023
738
29,486
4,183
2,156
36,563
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5
For the year ended 31 March 2024
GBC Electrical Engineering Limited
Notes to the Financial Statements Continued
3. Inventories
2023
2024
£
£
Stocks
3,250
47,289
4. Trade and other receivables
2023
2024
£
£
Trade debtors
395,436
475,339
Other debtors
9,185
214
475,553
404,621
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
81,863
121,990
Taxation and social security
138,409
160,567
Other creditors
51,129
98,547
271,401
381,104
6. Average number of persons employed
During the year the average number of employees was 6 (2023 : 7)
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