G&B Building Services North East Ltd Filleted Accounts Cover
G&B Building Services North East Ltd
Company No. 09423711
Information for Filing with The Registrar
29 February 2024
G&B Building Services North East Ltd Balance Sheet Registrar
at
29 February 2024
Company No.
09423711
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
28,58535,732
28,58535,732
Current assets
Stocks
5
377,195256,000
Debtors
6
87,89493,000
Cash at bank and in hand
17,3516,290
482,440355,290
Creditors: Amount falling due within one year
7
(167,292)
(231,874)
Net current assets
315,148123,416
Total assets less current liabilities
343,733159,148
Creditors: Amounts falling due after more than one year
8
(268,385)
(102,009)
Net assets
75,34857,139
Capital and reserves
Called up share capital
120100
Profit and loss account
10
75,22857,039
Total equity
75,34857,139
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 29 November 2024 and signed on its behalf by:
L.A. Dixon
Director
29 November 2024
G&B Building Services North East Ltd Notes to the Accounts Registrar
for the year ended 29 February 2024
1
General information
G&B Building Services North East Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 09423711
Its registered office is:
9 Beaumont House
Redburn Road
Newcastle Upon Tyne
England
NE5 1NB
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
20% reducing
Motor vehicles
20% reducing
Furniture, fittings and equipment
20% reducing
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
1313
4
Tangible fixed assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost or revaluation
At 1 March 2023
40,53542,05182,586
At 29 February 2024
40,53542,05182,586
Depreciation
At 1 March 2023
20,44726,40746,854
Charge for the year
4,0183,1297,147
At 29 February 2024
24,46529,53654,001
Net book values
At 29 February 2024
16,07012,51528,585
At 28 February 2023
20,088
15,644
35,732
5
Stocks
2024
2023
£
£
Raw materials and consumables
-26,000
Work in progress
377,195230,000
377,195256,000
6
Debtors
2024
2023
£
£
Trade debtors
87,89493,000
87,89493,000
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
47,46060,686
Trade creditors
51,76887,610
Taxes and social security
35,287
59,978
Other creditors
31,45722,500
Accruals and deferred income
1,3201,100
167,292231,874
8
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
268,385102,009
268,385102,009
9
Share Capital
Ordinary
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
11
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
103,076
104,911
103,076
104,911
Dividends by type:
Equity dividends
103,076104,911
103,076
104,911
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