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REGISTERED NUMBER: NI697989 (Northern Ireland)






















Unaudited Financial Statements

for the Period

8 June 2023 to 30 June 2024

for

GNE Enterprises Ltd

GNE Enterprises Ltd (Registered number: NI697989)






Contents of the Financial Statements
for the Period 8 June 2023 to 30 June 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


GNE Enterprises Ltd

Company Information
for the Period 8 June 2023 to 30 June 2024







DIRECTOR: G T Cairns





REGISTERED OFFICE: 4 Blackrock Drive
Newtonabbey
Co. Antrim
BT36 4AN





REGISTERED NUMBER: NI697989 (Northern Ireland)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
GNE Enterprises Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GNE Enterprises Ltd for the period ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of GNE Enterprises Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GNE Enterprises Ltd and state those matters that we have agreed to state to the director of GNE Enterprises Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GNE Enterprises Ltd and its director for our work or for this report.

It is your duty to ensure that GNE Enterprises Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of GNE Enterprises Ltd. You consider that GNE Enterprises Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of GNE Enterprises Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA


3 March 2025

GNE Enterprises Ltd (Registered number: NI697989)

Balance Sheet
30 June 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 4,000
Tangible assets 5 40,283
44,283

CURRENT ASSETS
Stocks 750
Debtors 6 1,443
Cash at bank and in hand 3,656
5,849
CREDITORS
Amounts falling due within one year 7 20,755
NET CURRENT LIABILITIES (14,906 )
TOTAL ASSETS LESS CURRENT LIABILITIES 29,377

CREDITORS
Amounts falling due after more than one
year

8

31,368
NET LIABILITIES (1,991 )

CAPITAL AND RESERVES
Called up share capital 10 100
Retained earnings (2,091 )
SHAREHOLDERS' FUNDS (1,991 )

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 3 March 2025 and were signed by:





G T Cairns - Director


GNE Enterprises Ltd (Registered number: NI697989)

Notes to the Financial Statements
for the Period 8 June 2023 to 30 June 2024

1. STATUTORY INFORMATION

GNE Enterprises Ltd is a private company, limited by shares , registered in Northern Ireland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided ar the following annual rates in order to write off each asset over its estimated useful life:

Fixtures and fittings- 20% on cost
Motor vehicles- 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Only basic financial instruments as defined in FRS102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payment, discounted at a market rate of interest.

Taxation
Taxation for the period 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.


GNE Enterprises Ltd (Registered number: NI697989)

Notes to the Financial Statements - continued
for the Period 8 June 2023 to 30 June 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 5,000
At 30 June 2024 5,000
AMORTISATION
Charge for period 1,000
At 30 June 2024 1,000
NET BOOK VALUE
At 30 June 2024 4,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
Additions 821 51,351 52,172
At 30 June 2024 821 51,351 52,172
DEPRECIATION
Charge for period 139 11,750 11,889
At 30 June 2024 139 11,750 11,889
NET BOOK VALUE
At 30 June 2024 682 39,601 40,283

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 1,187
Other debtors 256
1,443

GNE Enterprises Ltd (Registered number: NI697989)

Notes to the Financial Statements - continued
for the Period 8 June 2023 to 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 8,237
Trade creditors 2,816
Taxation and social security 2,019
Other creditors 7,683
20,755

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Hire purchase contracts 31,368

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase contracts 39,605

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.