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REGISTERED NUMBER: 07745509 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

G & L ENVIRONMENTAL LTD

G & L ENVIRONMENTAL LTD (REGISTERED NUMBER: 07745509)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G & L ENVIRONMENTAL LTD

COMPANY INFORMATION
for the Year Ended 31 AUGUST 2024







DIRECTORS: Mr R A Lawson
Mr B J Lawson
Mr N J Bond





REGISTERED OFFICE: Unit 69 The Oaks Manston Business Park
Invicta Way Manston
Ramsgate
Kent
CT12 5FS





REGISTERED NUMBER: 07745509 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

G & L ENVIRONMENTAL LTD (REGISTERED NUMBER: 07745509)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 214,007 102,812

CURRENT ASSETS
Debtors 5 244,942 474,480
Cash at bank and in hand 1,134,865 106,786
1,379,807 581,266
CREDITORS
Amounts falling due within one year 6 1,047,568 563,286
NET CURRENT ASSETS 332,239 17,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

546,246

120,792

CREDITORS
Amounts falling due after more than one
year

7

(62,929

)

(28,276

)

PROVISIONS FOR LIABILITIES (40,477 ) (13,884 )
NET ASSETS 442,840 78,632

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 442,690 78,482
SHAREHOLDERS' FUNDS 442,840 78,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 & L ENVIRONMENTAL LTD (REGISTERED NUMBER: 07745509)

BALANCE SHEET - continued
31 AUGUST 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 5 March 2025 and were signed on its behalf by:




Mr R A Lawson - Director



Mr B J Lawson - Director


G & L ENVIRONMENTAL LTD (REGISTERED NUMBER: 07745509)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2024

1. STATUTORY INFORMATION

G & L Environmental Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The presentation currency of the financial statements is the Pound Sterling (£).

Turnover
Turnover represents net invoiced sales of 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance and 25% on cost
Fixtures and fittings - Straight line over 5 years
Motor vehicles - 20% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

G & L ENVIRONMENTAL LTD (REGISTERED NUMBER: 07745509)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 89,484 3,200 58,029 150,713
Additions 125,838 12,567 58,949 197,354
Disposals (3,000 ) - (26,095 ) (29,095 )
At 31 August 2024 212,322 15,767 90,883 318,972
DEPRECIATION
At 1 September 2023 45,476 213 2,212 47,901
Charge for year 45,136 1,880 11,643 58,659
Eliminated on disposal (750 ) - (845 ) (1,595 )
At 31 August 2024 89,862 2,093 13,010 104,965
NET BOOK VALUE
At 31 August 2024 122,460 13,674 77,873 214,007
At 31 August 2023 44,008 2,987 55,817 102,812

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023 - 50,294 50,294
Additions 75,540 58,950 134,490
Disposals - (21,995 ) (21,995 )
At 31 August 2024 75,540 87,249 162,789
DEPRECIATION
At 1 September 2023 - 1,310 1,310
Charge for year 18,885 11,001 29,886
Eliminated on disposal - (367 ) (367 )
At 31 August 2024 18,885 11,944 30,829
NET BOOK VALUE
At 31 August 2024 56,655 75,305 131,960
At 31 August 2023 - 48,984 48,984

G & L ENVIRONMENTAL LTD (REGISTERED NUMBER: 07745509)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,131 30,000
Other debtors 209,811 118,123
Directors' loan accounts - 1,357
Prepayments and accrued income - 325,000
244,942 474,480

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 24,195
Hire purchase contracts 56,144 15,122
Trade creditors 314,859 290,617
Corporation tax 95,938 5,338
Taxation and social security 5,907 41,944
VAT 60,029 71,469
Other creditors 36,250 36,410
Accrued expenses 478,441 78,191
1,047,568 563,286

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 62,929 28,276

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase 119,073 43,397

The company's hire purchase creditors are secured over the assets to which they relate.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R A Lawson due to his majority shareholding in ALS Civil Engineers Holdings Limited.