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Company Registration No. 07104284 (England and Wales)
GE Construction Ltd Unaudited accounts for the period from 1 January 2023 to 29 February 2024
GE Construction Ltd Unaudited accounts Contents
Page
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GE Construction Ltd Company Information for the period from 1 January 2023 to 29 February 2024
Director
Michael Edwards
Company Number
07104284 (England and Wales)
Registered Office
Willowbrook Heath Lane, Brinklow Rugby Warwickshire CV23 0NX
Accountants
Cube Accounting Limited Suite 3B & 3C, Davy Court Castle Mound Way Rugby Warwickshire CV23 0UZ
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GE Construction Ltd Statement of financial position as at 29 February 2024
2024 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
39,995 
46,937 
Current assets
Debtors
163,965 
198,776 
Cash at bank and in hand
4,414 
- 
168,379 
198,776 
Creditors: amounts falling due within one year
(615,249)
(451,208)
Net current liabilities
(446,870)
(252,432)
Total assets less current liabilities
(406,875)
(205,495)
Creditors: amounts falling due after more than one year
(25,067)
(28,200)
Net liabilities
(431,942)
(233,695)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(431,944)
(233,697)
Shareholders' funds
(431,942)
(233,695)
For the period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 November 2024 and were signed on its behalf by
Michael Edwards Director Company Registration No. 07104284
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GE Construction Ltd Notes to the Accounts for the period from 1 January 2023 to 29 February 2024
1
Statutory information
GE Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 07104284. The registered office is Willowbrook Heath Lane,, Brinklow, Rugby, Warwickshire, CV23 0NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Going concern
The company have reviewed its financial position and based on future trading and the support of its shareholder and director, the company director is of the opinion that the company will remain viable for the foreseeable future and therefore these financial statements have been prepare on the going concern basis.
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GE Construction Ltd Notes to the Accounts for the period from 1 January 2023 to 29 February 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
12,228 
21,975 
45,001 
79,204 
At 29 February 2024
12,228 
21,975 
45,001 
79,204 
Depreciation
At 1 January 2023
- 
6,185 
26,082 
32,267 
Charge for the period
- 
3,158 
3,784 
6,942 
At 29 February 2024
- 
9,343 
29,866 
39,209 
Net book value
At 29 February 2024
12,228 
12,632 
15,135 
39,995 
At 31 December 2022
12,228 
15,790 
18,919 
46,937 
5
Debtors
2024 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
11,507 
Trade debtors
163,965 
187,269 
163,965 
198,776 
6
Creditors: amounts falling due within one year
2024 
2022 
£ 
£ 
Bank loans and overdrafts
9,400 
28,579 
VAT
12,615 
- 
Trade creditors
104,080 
103,721 
Amounts owed to group undertakings and other participating interests
5,038 
- 
Taxes and social security
3,069 
- 
Other creditors
72,037 
21,204 
Loans from directors
407,840 
296,504 
Accruals
1,170 
1,200 
615,249 
451,208 
7
Creditors: amounts falling due after more than one year
2024 
2022 
£ 
£ 
Bank loans
25,067 
28,200 
8
Average number of employees
During the period the average number of employees was 1 (2022: 1).
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