Company Registration No. 1401646 (England and Wales)
G.H. FURNESS LIMITED
Unaudited accounts
for the year ended 31 March 2024
G.H. FURNESS LIMITED
Unaudited accounts
Contents
G.H. FURNESS LIMITED
Company Information
for the year ended 31 March 2024
Directors
Ayaz Akram
Abdur Razzak
Qasim Akram
Company Number
1401646 (England and Wales)
Registered Office
6 KENSINGTON AVENUE
NEWCASTLE UPON TYNE
NE3 2HP
Accountants
Caldwell House Consulting
44 Caldwell Road
Birmingham
West Midlands
B9 5TQ
G.H. FURNESS LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
63,728
60,927
Cash at bank and in hand
56,579
57,983
Creditors: amounts falling due within one year
(104,862)
(98,151)
Net current assets
286,732
306,090
Total assets less current liabilities
350,460
367,017
Creditors: amounts falling due after more than one year
(18,333)
(31,667)
Provisions for liabilities
Deferred tax
(1,903)
(1,371)
Net assets
330,224
333,979
Called up share capital
4,649
4,649
Revaluation reserve
27,565
27,565
Profit and loss account
298,010
301,765
Shareholders' funds
330,224
333,979
For the year ending 31 March 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 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 of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by
Ayaz Akram
Director
Company Registration No. 1401646
G.H. FURNESS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
G.H. FURNESS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 1401646. The registered office is 6 KENSINGTON AVENUE, NEWCASTLE UPON TYNE, NE3 2HP.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts (where appropriate) and repayments received from NHS for prescriptions.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% reducing balance basis
Motor vehicles
18% reducing balance basis
Fixtures & fittings
18% reducing balance basis
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
53,711
4,275
8,083
26,185
92,254
Additions
-
-
5,000
-
5,000
At 31 March 2024
53,711
4,275
13,083
26,185
97,254
At 1 April 2023
-
4,053
2,648
24,626
31,327
Charge for the year
-
40
1,878
281
2,199
At 31 March 2024
-
4,093
4,526
24,907
33,526
At 31 March 2024
53,711
182
8,557
1,278
63,728
At 31 March 2023
53,711
222
5,435
1,559
60,927
G.H. FURNESS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
27,674
33,483
Amounts falling due after more than one year
Amounts due from group undertakings etc.
262,446
276,946
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
99,718
92,840
Taxes and social security
5,144
5,311
7
Creditors: amounts falling due after more than one year
2024
2023
8
Deferred taxation
2024
2023
Accelerated capital allowances
1,903
1,371
Provision at start of year
1,371
1,518
Charged/(credited) to the profit and loss account
532
(147)
Provision at end of year
1,903
1,371
Allotted, called up and fully paid:
4,649 Ordinary shares of £1 each
4,649
4,649
10
Average number of employees
During the year the average number of employees was 7 (2023: 7).