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REGISTERED NUMBER: 09070315 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2024

for

GE Renovations Limited

GE Renovations Limited (Registered number: 09070315)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GE Renovations Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: G Eaton





REGISTERED OFFICE: CFC House
Woodseats Close
Sheffield
S8 0TB





REGISTERED NUMBER: 09070315 (England and Wales)





ACCOUNTANTS: Camplejohn Rowan
CFC House
Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB

GE Renovations Limited (Registered number: 09070315)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 212,304 208,461

CURRENT ASSETS
Stocks 308,613 388,980
Debtors 5 102,216 70,392
Cash at bank 344,968 428,840
755,797 888,212
CREDITORS
Amounts falling due within one year 6 (247,057 ) (282,020 )
NET CURRENT ASSETS 508,740 606,192
TOTAL ASSETS LESS CURRENT
LIABILITIES

721,044

814,653

CREDITORS
Amounts falling due after more than one
year

7

(47,659

)

(133,082

)

PROVISIONS FOR LIABILITIES (53,076 ) (52,115 )
NET ASSETS 620,309 629,456

CAPITAL AND RESERVES
Called up share capital 110 10
Retained earnings 620,199 629,446
SHAREHOLDERS' FUNDS 620,309 629,456

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

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

The director acknowledges his 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.

GE Renovations Limited (Registered number: 09070315)

Balance Sheet - continued
30 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 director and authorised for issue on 25 September 2024 and were signed by:





G Eaton - Director


GE Renovations Limited (Registered number: 09070315)

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

1. STATUTORY INFORMATION

GE Renovations 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 sale of services. it is recognised when the services are provided.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

GE Renovations Limited (Registered number: 09070315)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 8,484 359,707 2,200 370,391
Additions 9,167 131,376 - 140,543
Disposals - (96,016 ) - (96,016 )
At 30 June 2024 17,651 395,067 2,200 414,918
DEPRECIATION
At 1 July 2023 4,617 156,033 1,280 161,930
Charge for year 3,259 69,280 230 72,769
Eliminated on disposal - (32,085 ) - (32,085 )
At 30 June 2024 7,876 193,228 1,510 202,614
NET BOOK VALUE
At 30 June 2024 9,775 201,839 690 212,304
At 30 June 2023 3,867 203,674 920 208,461

Assets held under hire purchase contracts had a net book value of £110,148 (2023: £135,311) at the year end. Depreciation charged during the year on these assets totalled £36,716 (2023: £45,103).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 100,716 68,892
Other debtors 1,500 1,500
102,216 70,392

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 13,382 10,000
Hire purchase contracts 61,087 58,315
Trade creditors 52,786 82,179
Tax 37,967 71,585
Social security and other taxes 13,450 9,407
VAT 53,932 38,159
Other creditors 3,705 3,752
Directors' current accounts 9,548 7,423
Accrued expenses 1,200 1,200
247,057 282,020

GE Renovations Limited (Registered number: 09070315)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 2,402 19,167
Hire purchase contracts 45,257 113,915
47,659 133,082

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 106,344 172,230

The hire purchase contracts are secured on the assets involved.