Registered number: 15299963 | ||||||||
FOR THE 132 DAY PERIOD ENDED 31/03/2024 | ||||||||
Prepared By: | ||||||||
JAN G GROMADZKI | ||||||||
CHARTERED ACCOUNTANT | ||||||||
13 WOLVERHAMPTON ROAD | ||||||||
CODSALL | ||||||||
WOLVERHAMPTON | ||||||||
WEST MIDLANDS | ||||||||
WV8 1PT |
GSP AND SONS LTD | ||||||||
ACCOUNTS | ||||||||
FOR THE 132 DAY PERIOD ENDED 31/03/2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
WEST MIDLANDS | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 15299963 | ||||||||
ACCOUNTANTS | ||||||||
JAN G GROMADZKI | ||||||||
CHARTERED ACCOUNTANT | ||||||||
13 WOLVERHAMPTON ROAD | ||||||||
CODSALL | ||||||||
WOLVERHAMPTON | ||||||||
WEST MIDLANDS | ||||||||
WV8 1PT |
GSP AND SONS LTD | ||||||||
ACCOUNTS | ||||||||
FOR THE132 DAY PERIODENDED31/03/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
GSP AND SONS LTD | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | ||||||||||
Notes | £ | |||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
3,343 | ||||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 6 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Profit and loss account | 504 | |||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
GSP AND SONS LTD | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE 132 DAY PERIOD ENDED 31/03/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting FRS 1021 a | ||||||||
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
1b. Going Concern | ||||||||
The financial statements have been prepared on the going concern basis. The company is in a net current liability of £ 1,109 as at 31 March 2024. The director has given assurances to the company that he will not draww on at least £ 1,400 of the director's loan account. On this basis the company is considered a going concern and the director is of the opinion that the company will be able to pay it's debts as they fall due for at least twelve months from the date that the balance sheet was signed. |
1c. Depreciation | ||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. | ||||||||
Plant And Machinery | straight line10% | |||||||
Equipment | straight line10% |
2. EMPLOYEES | ||||||||
2024 | ||||||||
No. | No. | |||||||
Average number of employees | ||||||||
Key management personnel is restricted to that of the director. | ||||||||
GSP AND SONS LTD | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||
Plant and | ||||||
Machinery | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
Additions | 1,470 | 880 | 2,350 | |||
At 31/03/2024 | 1,470 | 880 | 2,350 | |||
Depreciation | ||||||
For the 132 day period | 147 | 88 | 235 | |||
At 31/03/2024 | 147 | 88 | 235 | |||
Net Book Amounts | ||||||
At 31/03/2024 | 2,115 | |||||
4. DEBTORS | 2024 | |||||||
£ | ||||||||
Amounts falling due within one year | ||||||||
Other tax | 3,202 | |||||||
3,202 | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | ||||||||
£ | ||||||||
UK corporation tax | 45 | |||||||
Directors current account | 3,807 | |||||||
Accruals | 600 | |||||||
4,452 | ||||||||
6. PROVISIONS FOR LIABILITIES | 2024 | |||||||
£ | ||||||||
Deferred taxation | 402 | |||||||
402 | ||||||||
GSP AND SONS LTD | ||||||||
7. SHARE CAPITAL | 2024 | |||||||
£ | ||||||||
Allotted, issued and fully paid: | ||||||||
100 | ||||||||
100 | ||||||||
New shares issued during period: | ||||||||
100 | 100 | |||||||
100 | ||||||||
On incorporation of the company one hundred ordinary shares of £ 1 each were issued at par for cash. |
8. CONTROLLING PARTY | ||||||||
The company is wholly owned by the director Mr G S Punia. | ||||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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10. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY | ||||||||
The company operates as a general builder in both the residential and commercial property sector. All of its activities are carried out within the United Kingdom. | ||||||||
The company was incorporated on 21 November 2023 and commenced trade on the same date. | ||||||||
11. GENERAL INFORMATION | ||||||||
GSP and Sons Ltd is a private company limited by shares and incorporated in England. Its registered office is 13 Wolverhampton Road, Codsall, Wolverhampton, West Midlands, WV8 1PT. | ||||||||
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company. | ||||||||