Registered number
09623759
Godrevy Gas Limited
Filleted Accounts
30 June 2024
Godrevy Gas Limited
Registered number: 09623759
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,114 6,048
Current assets
Stocks 9,000 800
Debtors 4 11,984 12,550
Cash at bank and in hand 27,500 31,143
48,484 44,493
Creditors: amounts falling due within one year 5 (48,352) (50,506)
Net current assets/(liabilities) 132 (6,013)
Net assets 6,246 35
Capital and reserves
Called up share capital 1 1
Profit and loss account 6,245 34
Shareholder's funds 6,246 35
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 member has 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.
Mr L Hamilton
Director
Approved by the board on 28 October 2024
Godrevy Gas Limited
Notes to the Accounts
for the year ended 30 June 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 vehicle 18% straight line
Tools and equipment 18% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Tools and equipment Motor vehicles Total
£ £ £
Cost
At 1 July 2023 13,767 9,537 23,304
Additions 1,408 - 1,408
At 30 June 2024 15,175 9,537 24,712
Depreciation
At 1 July 2023 9,667 7,589 17,256
Charge for the year 351 991 1,342
At 30 June 2024 10,018 8,580 18,598
Net book value
At 30 June 2024 5,157 957 6,114
At 30 June 2023 4,100 1,948 6,048
4 Debtors 2024 2023
£ £
Trade debtors 11,931 12,497
Other debtors 53 53
11,984 12,550
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 12,071 13,923
Other creditors 36,281 36,583
48,352 50,506
6 Other information
Godrevy Gas Limited is a private company limited by shares and incorporated in England. Its registered office is:
66 Glenlea Road
Eltham
London
SE9 1DZ
7 Controlling party
The controlling party is Mr L Hamilton who owns 100% of the issued ordinary share capital
of the company.
Godrevy Gas Limited 09623759 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 Mr L Hamilton No description of principal activity 09623759 2022-07-01 2023-06-30 09623759 core:WithinOneYear 2023-06-30 09623759 core:ShareCapital 2023-06-30 09623759 core:RetainedEarningsAccumulatedLosses 2023-06-30 09623759 2023-07-01 2024-06-30 09623759 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09623759 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 09623759 bus:Director40 2023-07-01 2024-06-30 09623759 1 2023-07-01 2024-06-30 09623759 2 2023-07-01 2024-06-30 09623759 core:PlantMachinery 2023-07-01 2024-06-30 09623759 core:Vehicles 2023-07-01 2024-06-30 09623759 countries:England 2023-07-01 2024-06-30 09623759 bus:FRS102 2023-07-01 2024-06-30 09623759 bus:FilletedAccounts 2023-07-01 2024-06-30 09623759 2024-06-30 09623759 core:WithinOneYear 2024-06-30 09623759 core:ShareCapital 2024-06-30 09623759 core:RetainedEarningsAccumulatedLosses 2024-06-30 09623759 core:PlantMachinery 2024-06-30 09623759 core:Vehicles 2024-06-30 09623759 2023-06-30 09623759 core:PlantMachinery 2023-06-30 09623759 core:Vehicles 2023-06-30 iso4217:GBP xbrli:pure