REGISTERED NUMBER: |
GHD7 LIMITED |
Financial Statements for the Period 29 January 2023 to 27 January 2024 |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
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 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
The financial statements were approved by the director and authorised for issue on |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 property | 5% on cost |
Improvements to property | Straight line over 15 years |
Plant & machinery | 25% on cost & 5% reducing balance |
Fixtures and fittings | 25% on cost |
Motor vehicles | 25% 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 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 29 January 2023 |
and 27 January 2024 |
AMORTISATION |
At 29 January 2023 |
Charge for period |
At 27 January 2024 |
NET BOOK VALUE |
At 27 January 2024 |
At 28 January 2023 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and | Motor |
property | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 29 January 2023 |
Additions |
At 27 January 2024 |
DEPRECIATION |
At 29 January 2023 |
Charge for period |
At 27 January 2024 |
NET BOOK VALUE |
At 27 January 2024 |
At 28 January 2023 |
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 |
At 27 January 2024 |
DEPRECIATION |
Charge for period |
At 27 January 2024 |
NET BOOK VALUE |
At 27 January 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
27.1.24 | 28.1.23 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
27.1.24 | 28.1.23 |
£ | £ |
A F Blakemore and Son Limited |
Hire purchase contracts (see note 9) |
Trade creditors |
Amounts owed to group undertakings |
Corporation tax |
Social security and other taxes |
Other creditors |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
27.1.24 | 28.1.23 |
£ | £ |
Hire purchase contracts (see note 9) |
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 |
Between one and five years |
Non-cancellable operating | leases |
27.1.24 | 28.1.23 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
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 |
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. |
for and on behalf of |
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 |
£ | £ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
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. |