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
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
Gas Engine Exchange Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
18,667
21,667
Inventories
358,525
167,601
Cash at bank and in hand
22,091
10,905
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)
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
Gas Engine Exchange Ltd
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
5
Investments
Other investments
Valuation at 1 August 2023
800
Valuation at 31 July 2024
800
Gas Engine Exchange Ltd
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
1,564,564
1,351,564
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).