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COMPANY REGISTRATION NUMBER: 03764793
G E Carpentry Services Limited
Filleted Financial Statements
For the year ended
31 July 2024
G E Carpentry Services Limited
Financial Statements
Year ended 31 July 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3
G E Carpentry Services Limited
Officers and Professional Advisers
The board of directors
Mr R J Cookman
Ms L Lopes-Grilli
Registered office
Unit 5
Lawford Heath Industrial Estate
Rugby
Warwickshire
England
CV23 9EU
Auditor
Xeinadin Audit Limited
Chartered accountants & statutory auditor
2 Oldfield Road
Bocam Park
Bridgend
CF35 5LJ
G E Carpentry Services Limited
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
£
Current assets
Debtors
4
167,136
167,136
---------
---------
Net current assets
167,136
167,136
---------
---------
Total assets less current liabilities
167,136
167,136
---------
---------
Capital and reserves
Called up share capital
5
52,002
52,002
Profit and loss account
6
115,134
115,134
---------
---------
Shareholders funds
167,136
167,136
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 19 November 2024 , and are signed on behalf of the board by:
Mr R J Cookman
Director
Company registration number: 03764793
G E Carpentry Services Limited
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 5, Lawford Heath Industrial Estate, Rugby, Warwickshire, CV23 9EU, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
An entity is a going concern unless management either intends to liquidate the entity or to cease trading. The company has ceased trading, although there are no current plans by the directors to liquidate the company. The company has sufficient resources to settle all liabilities as they fall due and continues to be supported by its parent company. The financial statements have been prepared on a basis other than that of the going concern basis.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Debtors
2024
2023
£
£
Amounts owed by group undertakings
167,134
167,134
Other debtors
2
2
---------
---------
167,136
167,136
---------
---------
5. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
52,002
52,002
52,002
52,002
--------
--------
--------
--------
6. Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses.
7. Summary audit opinion
The auditor's report dated 19 November 2024 was unqualified .
The senior statutory auditor was James Tucker ACA FCCA , for and on behalf of Xeinadin Audit Limited .
8. Related party transactions
G.E. Carpentry Services Limited and G E Door Manufacturing Limited are 100% subsidiaries of G E Door Solutions Limited, and as such have taken advantage of the exemption stated in FRS 102 whereby disclosure need not be given of transactions entered into between two or more members of the same group, provided that any subsidiary which is party to the transaction is wholly owned by such member. The company has suspended external trading while the directors consider the future structure of the business. During this period the company will be supported by its Parent company and therefore the directors consider the going concern principle still applies.
9. Ultimate parent undertaking
The parent undertaking of G E Carpentry Services Limited is G E Door Solutions Limited, a company registered in England and Wales.
The ultimate controlling party of G E Door Solutions Limited is DK Group Investments Limited, Unit 5, Lawford Heath Industrial Estate, Rugby, Warwickshire, CV23 9EU, a company registered in England and Wales.
DK Group Investments Limited are the majority shareholders of G E Door Solutions Limited.