Registered number
03933347
GD Contracting Ltd
Filleted Accounts
5 April 2024
GD Contracting Ltd
Registered number: 03933347
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 17,758
Current assets
Debtors 4 339,260 335,062
Cash at bank and in hand 64,962 37,984
404,222 373,046
Creditors: amounts falling due within one year 5 (29,722) (25,509)
Net current assets 374,500 347,537
Total assets less current liabilities 374,500 365,295
Creditors: amounts falling due after more than one year 6 (75,000) (75,000)
Net assets 299,500 290,295
Capital and reserves
Called up share capital 100 100
Profit and loss account 299,400 290,195
Shareholders' funds 299,500 290,295
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 members have 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.
G Dawson
Director
Approved by the board on 4 October 2024
GD Contracting Ltd
Notes to the Accounts
for the year ended 5 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
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:
Motor Vehicles over 4 years
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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 6 April 2023 3,848 138,827 142,675
At 5 April 2024 3,848 138,827 142,675
Depreciation
At 6 April 2023 3,848 121,069 124,917
Charge for the year - 17,758 17,758
At 5 April 2024 3,848 138,827 142,675
Net book value
At 5 April 2024 - - -
At 5 April 2023 - 17,758 17,758
4 Debtors 2024 2023
£ £
Trade debtors 12,260 8,062
Other debtors 327,000 327,000
339,260 335,062
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 12,360 14,980
Taxation and social security costs 17,362 10,529
29,722 25,509
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 75,000 75,000
7 Other information
GD Contracting Ltd is a private company limited by shares and incorporated in England. Its registered office is:
15a Oxford Road Wokingham Berkshire RG41 2YE
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