Registered number
11955824
GKH BUILDING SERVICES LIMITED
Filleted Accounts
30 April 2024
GKH BUILDING SERVICES LIMITED
Registered number: 11955824
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 44,007 32,172
Current assets
Debtors 4 79,844 38,799
Cash at bank and in hand 11,280 35,797
91,124 74,596
Creditors: amounts falling due within one year 5 (63,000) (31,172)
Net current assets 28,124 43,424
Total assets less current liabilities 72,131 75,596
Creditors: amounts falling due after more than one year 6 (28,780) (33,481)
Net assets 43,351 42,115
Capital and reserves
Called up share capital 110 10
Profit and loss account 43,241 42,105
Shareholders' funds 43,351 42,115
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr G. Haughey
Director
Approved by the board on 29 January 2025
GKH BUILDING SERVICES LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Motor vehicles over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Equipment, fixtures and fittings Motor vehicles Total
£ £ £
Cost
At 1 May 2023 5,318 50,693 56,011
Additions - 37,329 37,329
Disposals - (25,994) (25,994)
At 30 April 2024 5,318 62,028 67,346
Depreciation
At 1 May 2023 3,317 20,522 23,839
Charge for the year 1,161 5,704 6,865
On disposals - (7,365) (7,365)
At 30 April 2024 4,478 18,861 23,339
Net book value
At 30 April 2024 840 43,167 44,007
At 30 April 2023 2,001 30,171 32,172
4 Debtors 2024 2023
£ £
Trade debtors 78,909 37,553
Deferred tax asset 935 1,246
79,844 38,799
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 27,150 12,703
Taxation and social security costs (632) 17,646
Other creditors 36,482 823
63,000 31,172
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 28,780 33,481
7 Bank Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 28,780 33,481
Secured bank loans 28,780 33,481
Secured bank loan relates to a Bounce Back Loan, repayable over 6 years with the first year interest free, fixed rate of 2.5% thereafter.
8 Controlling party
The ultimate controlling party, by virtue of the shareholding at the beginning of the accounting period was Mrs L. A. Fitzgerald. At the end of the year, additional shares were allotted to Mr G. Haughey who assumed control of the company.
9 Other information
GKH BUILDING SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
The Library, Minerva Centre
Burnham Road
Mundon
Essex
CM9 6NP
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