Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2024 | 2023 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Current assets | |||||||
Debtors | 4 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
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Net current liabilities | ( |
( |
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Total assets less current liabilities | ( |
( |
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Creditors: amounts falling due after more than one year | 6 | ( |
( |
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Net liabilities | ( |
( |
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Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | ( |
( |
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Shareholders' funds | ( |
( |
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R Oakes | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
The company has incurred significant losses during the period due to delayed projects and the balance sheet records a significant excess of liabilities over assets at that date. The directors are, however, satisfied that this issue can be traded through and on that basis therefore consider it appropriate to prepare these accounts on a going concern basis. The accounts do not therefore reflect any adjustments to asset values or recognition of additional liabilities which might otherwise be necessary. | ||||||||
Turnover and amounts recoverable upon contracts | ||||||||
Tangible fixed assets | ||||||||
Plant and machinery | 25% reducing balance | |||||||
Taxation | ||||||||
2 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Plant and machinery etc | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 July 2023 | ||||||||
At 30 June 2024 | ||||||||
Depreciation | ||||||||
At 1 July 2023 | ||||||||
Charge for the year | ||||||||
At 30 June 2024 | ||||||||
Net book value | ||||||||
At 30 June 2024 | ||||||||
At 30 June 2023 | ||||||||
4 | Debtors | 2024 | 2023 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
Amounts recoverable upon contracts | ||||||||
Other debtors | ||||||||
5 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
£ | £ | |||||||
Bank loans and overdrafts | ||||||||
Trade creditors | ||||||||
Taxation and social security costs | ||||||||
Other creditors | ||||||||
6 | Creditors: amounts falling due after one year | 2024 | 2023 | |||||
£ | £ | |||||||
Bank loans | ||||||||
7 | Loans to directors | |||||||
Description and conditions | B/fwd | Paid | Repaid | C/fwd | ||||
£ | £ | £ | £ | |||||
- | ( |
- | ||||||
- | ( |
- | ||||||
26,000 | - | (26,000) | - | |||||
8 | Related party transactions | |||||||
a) the company charged undertakings in which one or both of the directors have an interest a total amount of £189,208 (2023 - £208,776) for work done, and b) the company was charged by the directors or by undertakings in which one or both of the directors have an interest a total amount of £47,773 (2023 - £23,693) for services rendered to it. At the balance sheet date, the company owed £35,000 (2023 - £4,500 owed to the company) in respect of short-term loans provided by undertakings in which the directors have an interest. No terms attached to these loans. |
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9 | Other information | |||||||
Gratton Oakes (Construction) Ltd is a private company limited by shares and incorporated in England and Wales. It is owned and therefore controlled by the directors where acting jointly. The registered office is situated at 5 King Street, Wrexham, LL11 1HF. |