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Registered Number: 11379397
England and Wales

 

 

 

G&K SHOPFRONTS&SHUTTERS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 163,606    76,560 
163,606    76,560 
Current assets      
Stocks 3,780    2,570 
Debtors   23,484 
Cash at bank and in hand 216,933    30,941 
220,713    56,995 
Creditors: amount falling due within one year (259,584)   (145,765)
Net current assets (38,871)   (88,770)
 
Total assets less current liabilities 124,735    (12,210)
Net assets 124,735    (12,210)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 124,635    (12,310)
Shareholders' funds 124,735    (12,210)
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 14 February 2025 and were signed on its behalf by:


-------------------------------
Karamveer Singh
Director
1
General Information
G&K SHOPFRONTS&SHUTTERS LTD is a private company, limited by shares, registered in England and Wales, registration number 11379397, registration address Unit 44 , Barking Insutrial Park, London, IG11 0TJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 9 (2023 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 June 2023 800    100,500    101,300 
Additions 48,307    136,308    184,615 
Disposals   (56,667)   (56,667)
At 31 May 2024 49,107    180,141    229,248 
Depreciation
At 01 June 2023 390    24,350    24,740 
Charge for year 9,744    31,158    40,902 
On disposals    
At 31 May 2024 10,134    55,508    65,642 
Net book values
Closing balance as at 31 May 2024 38,973    124,633    163,606 
Opening balance as at 01 June 2023 410    76,150    76,560 


2