1 August 2023 false No description of principal activity Taxfiler 2024.6 10271864business:PrivateLimitedCompanyLtd2023-08-012024-07-31 102718642023-07-31 102718642023-08-012024-07-31 10271864business:AuditExempt-NoAccountantsReport2023-08-012024-07-31 10271864business:FilletedAccounts2023-08-012024-07-31 102718642024-07-31 10271864business:Director12023-08-012024-07-31 10271864business:RegisteredOffice2023-08-012024-07-31 102718642023-07-31 10271864core:WithinOneYear2024-07-31 10271864core:WithinOneYear2023-07-31 10271864core:AfterOneYear2024-07-31 10271864core:AfterOneYear2023-07-31 10271864core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 10271864core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 10271864core:PreviouslyStatedAmount2024-07-31 10271864core:PreviouslyStatedAmount2023-07-31 10271864business:SmallEntities2023-08-012024-07-31 10271864countries:EnglandWales2023-08-012024-07-31 10271864core:MotorVehicles2023-07-31 10271864core:MotorVehicles2024-07-31 10271864core:MotorVehicles2023-08-012024-07-31 102718642022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. 10271864 (England and Wales)
Gas Engine Exchange Ltd Unaudited accounts for the year ended 31 July 2024
Gas Engine Exchange Ltd Unaudited accounts Contents
Page
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Gas Engine Exchange Ltd Company Information for the year ended 31 July 2024
Director
Edward Christopher Michael Dulake
Company Number
10271864 (England and Wales)
Registered Office
27 OLD GLOUCESTER STREET 27 OLD GLOUCEST 27 OLD GLOUCESTER STREET LONDON WC1N 3AX ENGLAND
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Gas Engine Exchange Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,667 
21,667 
Investments
800 
800 
19,467 
22,467 
Current assets
Inventories
358,525 
167,601 
Debtors
497,250 
- 
Cash at bank and in hand
22,091 
10,905 
877,866 
178,506 
Creditors: amounts falling due within one year
(467,135)
- 
Net current assets
410,731 
178,506 
Total assets less current liabilities
430,198 
200,973 
Creditors: amounts falling due after more than one year
(1,564,564)
(1,433,431)
Net liabilities
(1,134,366)
(1,232,458)
Capital and reserves
Profit and loss account
(1,134,366)
(1,232,458)
Shareholders' funds
(1,134,366)
(1,232,458)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 February 2025 and were signed on its behalf by
Edward Christopher Michael Dulake Director Company Registration No. 10271864
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Gas Engine Exchange Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Gas Engine Exchange Ltd is a private company, limited by shares, registered in England and Wales, registration number 10271864. The registered office is 27 OLD GLOUCESTER STREET 27 OLD GLOUCEST, 27 OLD GLOUCESTER STREET, LONDON, WC1N 3AX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 August 2023
37,000 
At 31 July 2024
37,000 
Depreciation
At 1 August 2023
15,333 
Charge for the year
3,000 
At 31 July 2024
18,333 
Net book value
At 31 July 2024
18,667 
At 31 July 2023
21,667 
5
Investments
Other investments 
£ 
Valuation at 1 August 2023
800 
Valuation at 31 July 2024
800 
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Gas Engine Exchange Ltd Notes to the Accounts for the year ended 31 July 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
497,250 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,434 
- 
Trade creditors
463,701 
- 
467,135 
- 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
81,867 
Loans from directors
1,564,564 
1,351,564 
1,564,564 
1,433,431 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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