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REGISTERED NUMBER: 04233000 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th June 2024

for

Gary Freeman Electrical Services Limited

Gary Freeman Electrical Services Limited (Registered number: 04233000)






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gary Freeman Electrical Services Limited

Company Information
for the Year Ended 30th June 2024







DIRECTORS: Mr G Freeman
Mrs A Freeman





SECRETARY: Mrs A Freeman





REGISTERED OFFICE: 16 England Crescent
Heanor
Derbyshire
DE75 7BE





REGISTERED NUMBER: 04233000 (England and Wales)

Gary Freeman Electrical Services Limited (Registered number: 04233000)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,970 12,014

CURRENT ASSETS
Stocks 100 100
Debtors 5 7,223 11,628
Investments 6 392,741 445,661
Cash at bank and in hand 137,866 267,189
537,930 724,578
CREDITORS
Amounts falling due within one year 7 92,786 116,061
NET CURRENT ASSETS 445,144 608,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

454,114

620,531

PROVISIONS FOR LIABILITIES 8 1,704 2,283
NET ASSETS 452,410 618,248

CAPITAL AND RESERVES
Called up share capital 9 120 120
Retained earnings 452,290 618,128
SHAREHOLDERS' FUNDS 452,410 618,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Gary Freeman Electrical Services Limited (Registered number: 04233000)

Balance Sheet - continued
30th June 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 Board of Directors and authorised for issue on 8th January 2025 and were signed on its behalf by:





Mr G Freeman - Director


Gary Freeman Electrical Services Limited (Registered number: 04233000)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

Gary Freeman Electrical Services Limited 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 each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Gary Freeman Electrical Services Limited (Registered number: 04233000)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

2. ACCOUNTING POLICIES - continued

Current asset investments
The listed investments are shown at cost.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st July 2023 1,590 477 21,262 8,664 31,993
Disposals (1,590 ) (477 ) - (7,424 ) (9,491 )
At 30th June 2024 - - 21,262 1,240 22,502
DEPRECIATION
At 1st July 2023 1,576 437 9,302 8,664 19,979
Charge for year - - 2,990 - 2,990
Eliminated on disposal (1,576 ) (437 ) - (7,424 ) (9,437 )
At 30th June 2024 - - 12,292 1,240 13,532
NET BOOK VALUE
At 30th June 2024 - - 8,970 - 8,970
At 30th June 2023 14 40 11,960 - 12,014

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,091 1,292
Other debtors 132 10,336
7,223 11,628

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 392,741 445,661

The current market value of the listed investments was £721,560 (2023 - £718,982)

Gary Freeman Electrical Services Limited (Registered number: 04233000)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 968 376
Taxation and social security 818 7,876
Other creditors 91,000 107,809
92,786 116,061

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,704 2,283

Deferred
tax
£   
Balance at 1st July 2023 2,283
Utilised during year (579 )
Balance at 30th June 2024 1,704

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100
20 'B' Non voting shares £1 20 20
120 120