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REGISTERED NUMBER: 04316514 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Gavin Electrical Engineering Limited

Gavin Electrical Engineering Limited (Registered number: 04316514)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gavin Electrical Engineering Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D J Gavin
K Gavin
Mrs F Hawkins





SECRETARY: Mrs M E Gavin





REGISTERED OFFICE: Phoenix Way
Garngoch Industrial Estate
Gorseinon
Swansea
West Glamorgan
SA4 9WF





REGISTERED NUMBER: 04316514 (England and Wales)





ACCOUNTANTS: DGL Accountancy Services Limited
Chartered Certified Accountants
35 Hen Parc Avenue
Upper Killay
Swansea
SA2 7HA

Gavin Electrical Engineering Limited (Registered number: 04316514)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 301 301
Tangible assets 5 56,522 39,716
56,823 40,017

CURRENT ASSETS
Stocks 132,651 129,610
Debtors 6 710,572 727,268
Prepayments and accrued income 10,429 1,550
Cash at bank and in hand 59,791 22,292
913,443 880,720
CREDITORS
Amounts falling due within one year 7 169,773 164,593
NET CURRENT ASSETS 743,670 716,127
TOTAL ASSETS LESS CURRENT
LIABILITIES

800,493

756,144

PROVISIONS FOR LIABILITIES 8 (10,740 ) (7,430 )

ACCRUALS AND DEFERRED INCOME (80,100 ) (82,800 )
NET ASSETS 709,653 665,914

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 659,653 615,914
SHAREHOLDERS' FUNDS 709,653 665,914

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Gavin Electrical Engineering Limited (Registered number: 04316514)

Balance Sheet - continued
30 April 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 9 January 2025 and were signed on its behalf by:





D J Gavin - Director


Gavin Electrical Engineering Limited (Registered number: 04316514)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Gavin Electrical Engineering 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.

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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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.


Gavin Electrical Engineering Limited (Registered number: 04316514)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 100,000 300 100,300
AMORTISATION
At 1 May 2023
and 30 April 2024 99,999 - 99,999
NET BOOK VALUE
At 30 April 2024 1 300 301
At 30 April 2023 1 300 301

Gavin Electrical Engineering Limited (Registered number: 04316514)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 80,915 110,808 72,196 263,919
Additions - 31,325 - 31,325
Disposals - (13,000 ) - (13,000 )
At 30 April 2024 80,915 129,133 72,196 282,244
DEPRECIATION
At 1 May 2023 74,875 81,060 68,268 224,203
Charge for year 905 11,157 1,730 13,792
Eliminated on disposal - (12,273 ) - (12,273 )
At 30 April 2024 75,780 79,944 69,998 225,722
NET BOOK VALUE
At 30 April 2024 5,135 49,189 2,198 56,522
At 30 April 2023 6,040 29,748 3,928 39,716

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 132,138 206,840
Amounts owed by group undertakings 555,725 508,225
Other debtors 22,709 12,203
710,572 727,268

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 59,751 73,487
Taxation and social security 73,502 44,956
Other creditors 36,520 46,150
169,773 164,593

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 10,740 7,430

Gavin Electrical Engineering Limited (Registered number: 04316514)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 7,430
Charge to Income Statement during year 3,310
Balance at 30 April 2024 10,740

9. RELATED PARTY DISCLOSURES

As at 30th April 2024, Nivag Limited owed Gavin Electrical Engineering Limited £555,725 (2023 : £508,225).

10. ULTIMATE PARENT COMPANY

Nivag Limited is regarded by the directors as being the company's ultimate parent company.