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REGISTERED NUMBER: 05488272 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Gary Higson Joinery &
Building Contractors Limited

Gary Higson Joinery &
Building Contractors Limited (Registered number: 05488272)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gary Higson Joinery &
Building Contractors Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: G Higson





REGISTERED OFFICE: Scotforth
Vale Lane
Lathom
Lancashire
L40 6JH





REGISTERED NUMBER: 05488272 (England and Wales)





ACCOUNTANTS: Ashford Rainham Limited
10-12 Upper Dicconson St
Wigan
Lancashire
WN1 2AD

Gary Higson Joinery &
Building Contractors Limited (Registered number: 05488272)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,174 4,348
Tangible assets 5 51,172 140,594
53,346 144,942

CURRENT ASSETS
Stocks 50,100 49,045
Debtors 6 - 1,327
Cash at bank 37,991 29,252
88,091 79,624
CREDITORS
Amounts falling due within one year 7 115,905 183,726
NET CURRENT LIABILITIES (27,814 ) (104,102 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,532

40,840

CREDITORS
Amounts falling due after more than one
year

8

11,777

20,823
NET ASSETS 13,755 20,017

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,655 19,917
SHAREHOLDERS' FUNDS 13,755 20,017

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 director acknowledges his 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.

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 director and authorised for issue on 4 September 2024 and were signed by:




G Higson - Director


Gary Higson Joinery &
Building Contractors Limited (Registered number: 05488272)

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

1. STATUTORY INFORMATION

Gary Higson Joinery & Building Contractors 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 43,480
AMORTISATION
At 1 July 2023 39,132
Charge for year 2,174
At 30 June 2024 41,306
NET BOOK VALUE
At 30 June 2024 2,174
At 30 June 2023 4,348

Gary Higson Joinery &
Building Contractors Limited (Registered number: 05488272)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 172,392
Additions 33,370
Disposals (110,000 )
At 30 June 2024 95,762
DEPRECIATION
At 1 July 2023 31,798
Charge for year 12,792
At 30 June 2024 44,590
NET BOOK VALUE
At 30 June 2024 51,172
At 30 June 2023 140,594

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 1,327

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,333 8,333
Hire purchase contracts 37,271 96,546
Trade creditors 28,030 12,522
Taxation and social security 15,343 (2,552 )
Other creditors 26,928 68,877
115,905 183,726

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,777 20,823