Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302025-05-0362023-07-01falseDevelopment of building projects6truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12693995 2023-07-01 2024-06-30 12693995 2024-06-30 12693995 2022-07-01 2023-06-30 12693995 2023-06-30 12693995 c:Director1 2023-07-01 2024-06-30 12693995 d:PlantMachinery 2023-07-01 2024-06-30 12693995 d:PlantMachinery 2024-06-30 12693995 d:PlantMachinery 2023-06-30 12693995 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12693995 d:MotorVehicles 2023-07-01 2024-06-30 12693995 d:MotorVehicles 2024-06-30 12693995 d:MotorVehicles 2023-06-30 12693995 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12693995 d:ComputerEquipment 2023-07-01 2024-06-30 12693995 d:ComputerEquipment 2024-06-30 12693995 d:ComputerEquipment 2023-06-30 12693995 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12693995 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12693995 d:CurrentFinancialInstruments 2024-06-30 12693995 d:CurrentFinancialInstruments 2023-06-30 12693995 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12693995 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12693995 d:ShareCapital 2024-06-30 12693995 d:ShareCapital 2023-06-30 12693995 d:RetainedEarningsAccumulatedLosses 2024-06-30 12693995 d:RetainedEarningsAccumulatedLosses 2023-06-30 12693995 c:FRS102 2023-07-01 2024-06-30 12693995 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12693995 c:FullAccounts 2023-07-01 2024-06-30 12693995 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12693995 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 12693995


GS8 CONSTRUCTION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
GS8 CONSTRUCTION LIMITED
REGISTERED NUMBER: 12693995

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
123,176

  
-
123,176

Current assets
  

Stocks
  
-
1,779,218

Debtors: amounts falling due within one year
 5 
443,408
1,377,293

Cash at bank and in hand
 6 
555
6,995

  
443,963
3,163,506

Creditors: amounts falling due within one year
 7 
(2,975,032)
(3,303,616)

Net current liabilities
  
 
 
(2,531,069)
 
 
(140,110)

Total assets less current liabilities
  
(2,531,069)
(16,934)

  

Net liabilities
  
(2,531,069)
(16,934)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(2,531,169)
(17,034)

  
(2,531,069)
(16,934)

Page 1

 
GS8 CONSTRUCTION LIMITED
REGISTERED NUMBER: 12693995
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Stefan Creanga
Director
Date: 3 May 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
GS8 CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

GS8 Construction Limited is a private limited company registered in England and Wales. The company's registered office is 6a Hampstead High Street, London, United Kingdom, NW3 1PR. The company's registered number is 12693995.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
GS8 CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
GS8 CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method or reducing balance method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Reducing balance
Motor vehicles
-
20%
Reducing balance
Computer equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

Page 5

 
GS8 CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£





At 1 July 2023
94,626
75,987
5,545
176,158


Additions
-
-
845
845


Disposals
(94,626)
(75,987)
(6,390)
(177,003)



At 30 June 2024

-
-
-
-





At 1 July 2023
31,324
18,690
2,968
52,982


Charge for the year on owned assets
44,283
-
1,914
46,197


Disposals
(75,607)
(18,690)
(4,882)
(99,179)



At 30 June 2024

-
-
-
-



Net book value



At 30 June 2024
-
-
-
-



At 30 June 2023
63,302
57,297
2,577
123,176


5.


Debtors

2024
2023
£
£


Trade debtors
-
987,517

Other debtors
359
122,521

Prepayments and accrued income
443,049
267,255

443,408
1,377,293


Page 6

 
GS8 CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
555
6,995

555
6,995



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
396,542
1,218,160

Other taxation and social security
372,580
410,382

Obligations under finance lease and hire purchase contracts
-
118,929

Other creditors
2,205,910
1,542,645

Accruals and deferred income
-
13,500

2,975,032
3,303,616



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,120 (2023 - £2,827) . Contributions totalling £470 (2023 - £665 payable) were overpaid to the fund at the balance sheet date and are set against other creditors.

 
Page 7