Company Registration No. 10876671 (England and Wales)
GK Construction & Project Management Ltd
Unaudited accounts
for the year ended 31 July 2024
GK Construction & Project Management Ltd
Unaudited accounts
Contents
GK Construction & Project Management Ltd
Company Information
for the year ended 31 July 2024
Company Number
10876671 (England and Wales)
Registered Office
Suite S1
Fairclough House Church Street
Adlington
Chorley
Lancashire
PR7 4EX
United Kingdom
Accountants
H&F Accountants
11a Skelton St
Colne
Lancashire
BB8 9JE
GK Construction & Project Management Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
700,569
402,683
Debtors
1,022,770
2,232,714
Cash at bank and in hand
730,719
718,092
Creditors: amounts falling due within one year
(1,503,301)
(2,149,635)
Net current assets
250,188
801,171
Total assets less current liabilities
950,757
1,203,854
Creditors: amounts falling due after more than one year
(196,608)
(182,309)
Net assets
754,149
1,021,545
Called up share capital
250
500
Revaluation reserve
176,000
176,000
Profit and loss account
577,899
845,045
Shareholders' funds
754,149
1,021,545
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 29 January 2025 and were signed on its behalf by
Gareth Walsh
Director
Company Registration No. 10876671
GK Construction & Project Management Ltd
Notes to the Accounts
for the year ended 31 July 2024
GK Construction & Project Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 10876671. The registered office is Suite S1, Fairclough House Church Street, Adlington, Chorley, Lancashire, PR7 4EX, United Kingdom.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At valuation
At cost
At cost
At cost
At 1 August 2023
231,640
26,458
232,920
1,038
492,056
Additions
-
-
153,686
-
153,686
Revaluations
176,000
-
-
-
176,000
At 31 July 2024
407,640
26,458
386,606
1,038
821,742
At 1 August 2023
-
9,525
78,810
1,038
89,373
Charge for the year
-
3,387
28,413
-
31,800
At 31 July 2024
-
12,912
107,223
1,038
121,173
At 31 July 2024
407,640
13,546
279,383
-
700,569
At 31 July 2023
231,640
16,933
154,110
-
402,683
GK Construction & Project Management Ltd
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
1,022,770
2,232,714
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,108,663
1,249,589
Taxes and social security
339,836
139,892
Loans from directors
68,166
62,330
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
175,892
98,312
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
This is interest free and payable upon demand
(31,469)
4,011
40,705
(68,163)
(31,469)
4,011
40,705
(68,163)
At the year end the Company owed the Director Gareth Walsh 2024 (£68,163), 2023 (£31,469). This is interest free and payable upon demand.
9
Average number of employees
During the year the average number of employees was 22 (2023: 20).