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REGISTERED NUMBER: 04643546 (England and Wales)










Financial Statements

for the Period 31 January 2023 to 31 January 2024

for

G-TEC (Electrical Contractor) Limited

G-TEC (Electrical Contractor) Limited (Registered number: 04643546)






Contents of the Financial Statements
for the Period 31 January 2023 to 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G-TEC (Electrical Contractor) Limited

Company Information
for the Period 31 January 2023 to 31 January 2024







DIRECTOR: W Adams





SECRETARY: Mrs L Sibley





REGISTERED OFFICE: Unit 5c
Glover Industrial Estate
Washington
Tyne and Wear
NE37 3ES





REGISTERED NUMBER: 04643546 (England and Wales)





ACCOUNTANTS: Slater Anderson Limited
10 Derwent Close
Redmarshall
Stockton on Tees
TS21 1HS

G-TEC (Electrical Contractor) Limited (Registered number: 04643546)

Balance Sheet
31 January 2024

31.1.24 30.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,675 2,626

CURRENT ASSETS
Stocks 14,126 27,519
Debtors 5 127,909 174,948
Cash at bank and in hand 179,752 118,026
321,787 320,493
CREDITORS
Amounts falling due within one year 6 300,380 281,373
NET CURRENT ASSETS 21,407 39,120
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,082

41,746

CAPITAL AND RESERVES
Called up share capital 1,333 1,333
Capital redemption reserve 2,000 2,000
Retained earnings 20,749 38,413
SHAREHOLDERS' FUNDS 24,082 41,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 15 October 2024 and were signed by:





W Adams - Director


G-TEC (Electrical Contractor) Limited (Registered number: 04643546)

Notes to the Financial Statements
for the Period 31 January 2023 to 31 January 2024

1. STATUTORY INFORMATION

G-TEC (Electrical Contractor) 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 represents net invoiced sales of goods and services, excluding value added tax

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, 25% on cost and 15% on reducing balance

Stocks
Work in progress is valued at cost, which includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Work in progress also includes the profit to date on contracts incomplete at the balance sheet date.

Taxation
Taxation for the period 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 period 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.

G-TEC (Electrical Contractor) Limited (Registered number: 04643546)

Notes to the Financial Statements - continued
for the Period 31 January 2023 to 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 January 2023 23,947
Additions 700
At 31 January 2024 24,647
DEPRECIATION
At 31 January 2023 21,321
Charge for period 651
At 31 January 2024 21,972
NET BOOK VALUE
At 31 January 2024 2,675
At 30 January 2023 2,626

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 30.1.23
£    £   
Trade debtors 120,242 159,842
Other debtors 7,667 15,106
127,909 174,948

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 30.1.23
£    £   
Trade creditors 19,367 15,449
Taxation and social security 5,272 -
Other creditors 275,741 265,924
300,380 281,373