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REGISTERED NUMBER: 06878036 (England and Wales)















GHD7 LIMITED

Financial Statements for the Period 29 January 2023 to 27 January 2024






GHD7 LIMITED (REGISTERED NUMBER: 06878036)

Contents of the Financial Statements
for the Period 29 January 2023 to 27 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GHD7 LIMITED

Company Information
for the Period 29 January 2023 to 27 January 2024







DIRECTOR: C C Davies



SECRETARY: P O Horwood



REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB



REGISTERED NUMBER: 06878036 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Laura Bradshaw ACA FCCA



AUDITORS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

GHD7 LIMITED (REGISTERED NUMBER: 06878036)

Balance Sheet
27 January 2024

27.1.24 28.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,816 24,315
Tangible assets 5 424,281 41,205
430,097 65,520

CURRENT ASSETS
Stocks 228,116 187,936
Debtors 6 376,041 209,651
Cash at bank and in hand 122,904 247,934
727,061 645,521
CREDITORS
Amounts falling due within one year 7 1,032,791 885,189
NET CURRENT LIABILITIES (305,730 ) (239,668 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,367

(174,148

)

CREDITORS
Amounts falling due after more than one
year

8

(85,557

)

-

PROVISIONS FOR LIABILITIES (104,526 ) (8,419 )
NET LIABILITIES (65,716 ) (182,567 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (65,816 ) (182,667 )
(65,716 ) (182,567 )

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 28 October 2024 and were signed by:





C C Davies - Director


GHD7 LIMITED (REGISTERED NUMBER: 06878036)

Notes to the Financial Statements
for the Period 29 January 2023 to 27 January 2024


1. STATUTORY INFORMATION

GHD7 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared from 29 January 2023 to 27 January 2024 for commercial reasons. This totals 364 days. The comparative figures have been prepared from 1 February 2022 to 28 January 2023, which totals 362 days. As a result, the prior year figures are not entirely comparable.

Financial reporting standard 102 - reduced disclosure exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
Management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

GHD7 LIMITED (REGISTERED NUMBER: 06878036)

Notes to the Financial Statements - continued
for the Period 29 January 2023 to 27 January 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property5% on cost
Improvements to propertyStraight line over 15 years
Plant & machinery25% on cost & 5% reducing balance
Fixtures and fittings25% on cost
Motor vehicles25% on cost

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

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

GHD7 LIMITED (REGISTERED NUMBER: 06878036)

Notes to the Financial Statements - continued
for the Period 29 January 2023 to 27 January 2024


2. ACCOUNTING POLICIES - continued

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 period was 28 (2023 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 29 January 2023
and 27 January 2024 370,000
AMORTISATION
At 29 January 2023 345,685
Charge for period 18,499
At 27 January 2024 364,184
NET BOOK VALUE
At 27 January 2024 5,816
At 28 January 2023 24,315

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 29 January 2023 6,511 22,582 157,499 8,400 194,992
Additions - 398,000 - - 398,000
At 27 January 2024 6,511 420,582 157,499 8,400 592,992
DEPRECIATION
At 29 January 2023 1,685 12,323 136,064 3,715 153,787
Charge for period 326 6,152 6,346 2,100 14,924
At 27 January 2024 2,011 18,475 142,410 5,815 168,711
NET BOOK VALUE
At 27 January 2024 4,500 402,107 15,089 2,585 424,281
At 28 January 2023 4,826 10,259 21,435 4,685 41,205

GHD7 LIMITED (REGISTERED NUMBER: 06878036)

Notes to the Financial Statements - continued
for the Period 29 January 2023 to 27 January 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 111,112
At 27 January 2024 111,112
DEPRECIATION
Charge for period 1,709
At 27 January 2024 1,709
NET BOOK VALUE
At 27 January 2024 109,403

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.1.24 28.1.23
£    £   
Trade debtors 15,186 -
Amounts owed by group undertakings 276,985 115,304
Other debtors 47,020 36,444
Prepayments 36,850 57,903
376,041 209,651

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.1.24 28.1.23
£    £   
A F Blakemore and Son Limited 606,486 427,444
Hire purchase contracts (see note 9) 25,555 -
Trade creditors 259,308 228,914
Amounts owed to group undertakings 58,153 64,608
Corporation tax - 40,000
Social security and other taxes 18,099 5,285
Other creditors 15,763 16,233
Accrued expenses 49,427 102,705
1,032,791 885,189

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
27.1.24 28.1.23
£    £   
Hire purchase contracts (see note 9) 85,557 -

GHD7 LIMITED (REGISTERED NUMBER: 06878036)

Notes to the Financial Statements - continued
for the Period 29 January 2023 to 27 January 2024


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
27.1.24 28.1.23
£    £   
Net obligations repayable:
Within one year 25,555 -
Between one and five years 85,557 -
111,112 -

Non-cancellable operating leases
27.1.24 28.1.23
£    £   
Within one year 151,156 55,000
Between one and five years 289,989 220,000
In more than five years 563,750 550,000
1,004,895 825,000

10. SECURED DEBTS

The following secured debts are included within creditors:

27.1.24 28.1.23
£    £   
Hire purchase contracts 111,112 -
A F Blakemore loans 606,486 427,444
717,598 427,444

Assets held as security formally charged to the Bank:

An unlimited inter-company guarantee.

A debenture over all assets of the company dated 15 September 2009.

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Laura Bradshaw ACA FCCA (Senior Statutory Auditor)
for and on behalf of Lancaster Haskins Limited

GHD7 LIMITED (REGISTERED NUMBER: 06878036)

Notes to the Financial Statements - continued
for the Period 29 January 2023 to 27 January 2024


12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 27 January 2024 and 28 January 2023:

27.1.24 28.1.23
£    £   
C C Davies
Balance outstanding at start of period - 20,000
Amounts advanced 23,175 -
Amounts repaid (23,175 ) (20,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -

13. ULTIMATE CONTROLLING PARTY

The controlling party is C C Davies.

14. GOING CONCERN

The accompanying financial statements have been prepared on the assumption that the company will continue as a going concern in the foreseeable future. Management has assessed the company's ability to continue as a going concern and has not identified any material uncertainties that may cast significant doubt on the company's ability to continue as a going concern.

Management's Assessment

Management has evaluated various factors, including the company's current financial position, projected future cash flows, and existing financing arrangements. Based on this assessment, management believes that the company has adequate resources to meet its obligations as they become due and to continue its operations.