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REGISTERED NUMBER: 02560358 (England and Wales)











Unaudited Financial Statements

for the Year Ended

31 January 2025

for

General & Tube Engineering Ltd

General & Tube Engineering Ltd (Registered number: 02560358)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


General & Tube Engineering Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTORS: M Townshend
G Townshend
J Townshend





REGISTERED OFFICE: Priestley Road
Wardley Industrial Estate
Worsley
Manchester
M28 2LX





REGISTERED NUMBER: 02560358 (England and Wales)





ACCOUNTANTS: Mosley & Co
14 Market Place
Ramsbottom
Bury
Lancashire
BL0 9HT

General & Tube Engineering Ltd (Registered number: 02560358)

Statement of Financial Position
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 148,434 123,740

CURRENT ASSETS
Stocks 2,000 49,000
Debtors 5 102,902 166,467
Cash at bank 397,367 272,642
502,269 488,109
CREDITORS
Amounts falling due within one year 6 296,349 314,102
NET CURRENT ASSETS 205,920 174,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

354,354

297,747

PROVISIONS FOR LIABILITIES 7 23,788 17,427
NET ASSETS 330,566 280,320

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 329,566 279,320
SHAREHOLDERS' FUNDS 330,566 280,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

General & Tube Engineering Ltd (Registered number: 02560358)

Statement of Financial Position - continued
31 January 2025


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 6 March 2025 and were signed on its behalf by:





M Townshend - Director


General & Tube Engineering Ltd (Registered number: 02560358)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

General & Tube Engineering 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

General & Tube Engineering Ltd (Registered number: 02560358)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

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 11 (2024 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2024 75,033 235,628 310,661
Additions - 52,933 52,933
Disposals - (19,100 ) (19,100 )
At 31 January 2025 75,033 269,461 344,494
DEPRECIATION
At 1 February 2024 21,001 165,920 186,921
Charge for year 750 21,572 22,322
Eliminated on disposal - (13,183 ) (13,183 )
At 31 January 2025 21,751 174,309 196,060
NET BOOK VALUE
At 31 January 2025 53,282 95,152 148,434
At 31 January 2024 54,032 69,708 123,740

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 102,902 163,553
Other debtors - 2,914
102,902 166,467

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors 68,554 53,686
Taxation and social security 77,042 93,741
Other creditors 150,753 166,675
296,349 314,102

General & Tube Engineering Ltd (Registered number: 02560358)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. PROVISIONS FOR LIABILITIES
31.1.25 31.1.24
£    £   
Deferred tax 23,788 17,427

Deferred
tax
£   
Balance at 1 February 2024 17,427
Provided during year 6,361
Balance at 31 January 2025 23,788