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Registered number: 05870644
G&H Southeast Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
N G Moloney & Co
25 Pine Drive
Ingatestone
CM4 9EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05870644
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 140,260 175,325
140,260 175,325
CURRENT ASSETS
Debtors 5 392,803 470,365
Cash at bank and in hand 158,008 272,798
550,811 743,163
Creditors: Amounts Falling Due Within One Year 6 (153,536 ) (146,054 )
NET CURRENT ASSETS (LIABILITIES) 397,275 597,109
TOTAL ASSETS LESS CURRENT LIABILITIES 537,535 772,434
Creditors: Amounts Falling Due After More Than One Year 7 (73,333 ) (113,333 )
NET ASSETS 464,202 659,101
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 464,002 658,901
SHAREHOLDERS' FUNDS 464,202 659,101
Page 1
Page 2
For the year ending 31 May 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Me Lee Vincent
Director
Mr Paul Smith
Director
12/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
G&H Southeast Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05870644 . The registered office is 1 Guildprime Business Park, Southend Road, Billericay, Essex, CM11 2PZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance Basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 June 2023 175,325
As at 31 May 2024 175,325
Depreciation
As at 1 June 2023 -
Provided during the period 35,065
As at 31 May 2024 35,065
Net Book Value
As at 31 May 2024 140,260
As at 1 June 2023 175,325
5. Debtors
2024 2023
£ £
Due within one year
Investment S6 Property Services Limited 363,475 363,475
Other debtors (1) - 8,000
VAT 29,328 38,890
Directors' loan accounts - 60,000
392,803 470,365
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 64,450 62,274
Bank loans and overdrafts 40,000 40,000
Other taxes and social security 17,764 12,332
Other creditors 3,585 3,710
Directors' loan accounts 27,737 27,738
153,536 146,054
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 73,333 113,333
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9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
100 Ordinary B shares of £ 1.000 each 100 100
200 200
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid - 37,450
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