IRIS Accounts Production v24.3.2.46 03188919 Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031889192023-06-30031889192024-06-30031889192023-07-012024-06-30031889192022-06-30031889192022-07-012023-06-30031889192023-06-3003188919ns15:EnglandWales2023-07-012024-06-3003188919ns14:PoundSterling2023-07-012024-06-3003188919ns10:Director12023-07-012024-06-3003188919ns10:Director22023-07-012024-06-3003188919ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3003188919ns10:SmallEntities2023-07-012024-06-3003188919ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3003188919ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3003188919ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3003188919ns10:FullAccounts2023-07-012024-06-3003188919ns10:OrdinaryShareClass12023-07-012024-06-3003188919ns10:RegisteredOffice2023-07-012024-06-3003188919ns5:CurrentFinancialInstruments2024-06-3003188919ns5:CurrentFinancialInstruments2023-06-3003188919ns5:ShareCapital2024-06-3003188919ns5:ShareCapital2023-06-3003188919ns5:RetainedEarningsAccumulatedLosses2024-06-3003188919ns5:RetainedEarningsAccumulatedLosses2023-06-3003188919ns5:LeaseholdImprovements2023-07-012024-06-3003188919ns5:FurnitureFittings2023-07-012024-06-3003188919ns5:ComputerEquipment2023-07-012024-06-3003188919ns5:LeaseholdImprovements2023-06-3003188919ns5:FurnitureFittings2023-06-3003188919ns5:ComputerEquipment2023-06-3003188919ns5:LeaseholdImprovements2024-06-3003188919ns5:FurnitureFittings2024-06-3003188919ns5:ComputerEquipment2024-06-3003188919ns5:LeaseholdImprovements2023-06-3003188919ns5:FurnitureFittings2023-06-3003188919ns5:ComputerEquipment2023-06-3003188919ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3003188919ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3003188919ns10:OrdinaryShareClass12024-06-3003188919ns5:RetainedEarningsAccumulatedLosses2023-06-3003188919ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: 03188919 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 30 June 2024

for

G & C PROFESSIONALS LIMITED

G & C PROFESSIONALS LIMITED (REGISTERED NUMBER: 03188919)






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


G & C PROFESSIONALS LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Kevin Clive Cawkwell FCCA
Samantha Jayne Atkinson FCCA





REGISTERED OFFICE: Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE





REGISTERED NUMBER: 03188919 (England and Wales)





ACCOUNTANTS: G & C Professionals Limited
trading as Graham & Company
Chartered Certified Accountants
Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE

G & C PROFESSIONALS LIMITED (REGISTERED NUMBER: 03188919)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 900 1,105

CURRENT ASSETS
Stocks 5 66,312 73,429
Debtors 6 29,276 41,256
Cash at bank and in hand 6,677 8,659
102,265 123,344
CREDITORS
Amounts falling due within one year 7 94,579 117,201
NET CURRENT ASSETS 7,686 6,143
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,586

7,248

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 7,586 6,248
SHAREHOLDERS' FUNDS 8,586 7,248

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 directors acknowledge their 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.

G & C PROFESSIONALS LIMITED (REGISTERED NUMBER: 03188919)

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 Board of Directors and authorised for issue on 3 January 2025 and were signed on its behalf by:




Kevin Clive Cawkwell FCCA - Director



Samantha Jayne Atkinson FCCA - Director


G & C PROFESSIONALS LIMITED (REGISTERED NUMBER: 03188919)

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

1. STATUTORY INFORMATION

G & C PROFESSIONALS 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 net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with lease term
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

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.

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.

G & C PROFESSIONALS LIMITED (REGISTERED NUMBER: 03188919)

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 2,592 2,721 1,222 6,535
DEPRECIATION
At 1 July 2023 2,392 2,606 432 5,430
Charge for year - 15 190 205
At 30 June 2024 2,392 2,621 622 5,635
NET BOOK VALUE
At 30 June 2024 200 100 600 900
At 30 June 2023 200 115 790 1,105

5. STOCKS
2024 2023
£    £   
Work in progress 66,312 73,429

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,077 24,800
Other debtors 577 577
Prepayments 4,622 15,879
29,276 41,256

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,447 11,925
Amounts owed to group undertakings 78,516 93,728
Corporation tax 362 864
Social security and other taxes 151 110
VAT 5,442 4,646
Other creditors 8,088 5,325
Accrued expenses 573 603
94,579 117,201

G & C PROFESSIONALS LIMITED (REGISTERED NUMBER: 03188919)

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

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 July 2023 6,248
Profit for the year 1,338
At 30 June 2024 7,586

10. ULTIMATE CONTROLLING PARTY

The ultimate parent company is K C Professionals Limited a company registered in England and
Wales, company number 03175362.