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REGISTERED NUMBER: 10287413 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

GAS&ECO PLUMBING&HEATING SERVICES LTD

GAS&ECO PLUMBING&HEATING SERVICES LTD (REGISTERED NUMBER: 10287413)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GAS&ECO PLUMBING&HEATING SERVICES LTD

Company Information
for the Year Ended 31 July 2024







DIRECTOR: T Horvat





REGISTERED OFFICE: Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 10287413 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

GAS&ECO PLUMBING&HEATING SERVICES LTD (REGISTERED NUMBER: 10287413)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,466 60,769

CURRENT ASSETS
Debtors 5 2,508 3,300
Cash at bank 46,228 49,488
48,736 52,788
CREDITORS
Amounts falling due within one year 6 16,671 15,649
NET CURRENT ASSETS 32,065 37,139
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,531

97,908

CREDITORS
Amounts falling due after more than one year 7 (50,902 ) (48,720 )

PROVISIONS FOR LIABILITIES (6,393 ) (4,846 )
NET ASSETS 42,236 44,342

CAPITAL AND RESERVES
Called up share capital 9 120 120
Retained earnings 42,116 44,222
SHAREHOLDERS' FUNDS 42,236 44,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GAS&ECO PLUMBING&HEATING SERVICES LTD (REGISTERED NUMBER: 10287413)

Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 January 2025 and were signed by:





T Horvat - Director


GAS&ECO PLUMBING&HEATING SERVICES LTD (REGISTERED NUMBER: 10287413)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Gas&Eco Plumbing&Heating Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

GAS&ECO PLUMBING&HEATING SERVICES LTD (REGISTERED NUMBER: 10287413)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 53,114 74,250 6,617 133,981
Additions 1,036 75,484 - 76,520
Disposals - (73,995 ) - (73,995 )
At 31 July 2024 54,150 75,739 6,617 136,506
DEPRECIATION
At 1 August 2023 33,184 35,473 4,555 73,212
Charge for year 5,242 16,731 515 22,488
Eliminated on disposal - (26,660 ) - (26,660 )
At 31 July 2024 38,426 25,544 5,070 69,040
NET BOOK VALUE
At 31 July 2024 15,724 50,195 1,547 67,466
At 31 July 2023 19,930 38,777 2,062 60,769

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023 35,250
Additions 75,484
Disposals (34,995 )
At 31 July 2024 75,739
DEPRECIATION
At 1 August 2023 8,813
Charge for year 16,731
At 31 July 2024 25,544
NET BOOK VALUE
At 31 July 2024 50,195
At 31 July 2023 26,437

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 2,508 2,300
Other debtors - 1,000
2,508 3,300

GAS&ECO PLUMBING&HEATING SERVICES LTD (REGISTERED NUMBER: 10287413)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts 6,089 3,504
Social security and other taxes 528 750
VAT 2,776 4,329
Directors' current accounts 523 411
Accrued expenses 1,199 1,099
16,671 15,649

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans - 1-2 years 5,556 5,556
Bank loans - 2-5 years 16,667 16,667
Bank loans more 5 yr by instal 5,556 11,111
Hire purchase contracts 23,123 15,386
50,902 48,720

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,556 11,111

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Hire purchase contracts 29,212 18,890

The above liability is secured against the asset to which it relates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
120 Ordinary 1 120 120