G C INTERIORS CONSTRUCTION LIMITED |
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BALANCE SHEET |
AS AT 31 AUGUST 2024 |
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These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities. |
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For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. |
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Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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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. |
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As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report. |
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Signed on behalf of the board of directors |
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Gareth Chalmers |
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Nicola Chalmers |
Director |
Director |
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Date approved by the board: 30 January 2025 |
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G C INTERIORS CONSTRUCTION LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2024 |
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1 |
GENERAL INFORMATION |
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G C Interiors Construction Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
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146 Cumnor Hill |
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Oxford |
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OX2 9PW |
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The financial statements are presented in Sterling, which is the functional currency of the company. |
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2 |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
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Basis of preparation of financial statements |
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These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006. |
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Going concern |
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G C INTERIORS CONSTRUCTION LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2024 |
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5 |
FIXED ASSET INVESTMENTS |
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Investment property |
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£ |
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Cost |
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At 1 September 2023 |
950,000 |
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At 31 August 2024 |
950,000 |
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Net book value |
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At 1 September 2023 |
950,000 |
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At 31 August 2024 |
950,000 |
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In the opinion of the director, all investment property has been stated at fair value. |
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6 |
DEBTORS |
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2024 |
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2023 |
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£ |
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£ |
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Other debtors |
20 |
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20 |
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7 |
CREDITORS: Amounts falling due within one year |
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2024 |
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2023 |
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£ |
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£ |
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Bank loans and overdrafts |
37,911 |
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39,974 |
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Taxation and social security |
304 |
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1,610 |
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Accruals and deferred income |
1,602 |
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1,601 |
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Other creditors |
436,737 |
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401,966 |
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476,554 |
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445,151 |
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8 |
CREDITORS: Amounts falling due after more than one year |
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2024 |
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2023 |
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£ |
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£ |
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Bank loans and overdrafts |
402,077 |
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433,922 |
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Included in the amounts falling due after more than one year are the following amounts which are due in more |
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than five years: |
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2024 |
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2023 |
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£ |
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£ |
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Bank loans and overdrafts |
218,741 |
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245,402 |
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G C INTERIORS CONSTRUCTION LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2024 |
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9 |
SECURED DEBTS |
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The company has a bank loan with Barclays Bank PLC which is secured on the investment property 146 Cumnor Hill. The interest rate was 7.5% as at 31 August 2024. |
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10 |
RELATED PARTY TRANSACTIONS |
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During the year, the following transactions with related parties took place: |
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G and N Chalmers |
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Directors |
2024 |
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2023 |
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£ |
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£ |
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Directors loan accounts |
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Amounts loaned to the company |
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29,752 |
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29,752 |
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Associated companies |
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2024 |
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2023 |
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£ |
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£ |
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G C Homes Oxford Limited |
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Amounts owed by associated company |
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20 |
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20 |
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G C Interiors Oxford Limited |
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Amounts owed to associated company |
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406,984 |
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372,213 |
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