Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-31falsefalse2024-02-01falseNo description of principal activity44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14582993 2025-01-31 14582993 2024-02-01 2025-01-31 14582993 2023-01-10 2024-01-31 14582993 2024-01-31 14582993 c:Director1 2024-02-01 2025-01-31 14582993 d:Buildings 2024-02-01 2025-01-31 14582993 d:Buildings d:LongLeaseholdAssets 2024-02-01 2025-01-31 14582993 d:Buildings d:ShortLeaseholdAssets 2024-02-01 2025-01-31 14582993 d:PlantMachinery 2024-02-01 2025-01-31 14582993 d:PlantMachinery 2025-01-31 14582993 d:PlantMachinery 2024-01-31 14582993 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 14582993 d:MotorVehicles 2024-02-01 2025-01-31 14582993 d:MotorVehicles 2025-01-31 14582993 d:MotorVehicles 2024-01-31 14582993 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 14582993 d:FurnitureFittings 2024-02-01 2025-01-31 14582993 d:FurnitureFittings 2025-01-31 14582993 d:FurnitureFittings 2024-01-31 14582993 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 14582993 d:OfficeEquipment 2024-02-01 2025-01-31 14582993 d:OfficeEquipment 2025-01-31 14582993 d:OfficeEquipment 2024-01-31 14582993 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 14582993 d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 14582993 d:CurrentFinancialInstruments 2025-01-31 14582993 d:CurrentFinancialInstruments 2024-01-31 14582993 d:Non-currentFinancialInstruments 2025-01-31 14582993 d:Non-currentFinancialInstruments 2024-01-31 14582993 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 14582993 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 14582993 d:Non-currentFinancialInstruments d:AfterOneYear 2025-01-31 14582993 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 14582993 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-01-31 14582993 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 14582993 d:ShareCapital 2025-01-31 14582993 d:ShareCapital 2024-01-31 14582993 d:RetainedEarningsAccumulatedLosses 2025-01-31 14582993 d:RetainedEarningsAccumulatedLosses 2024-01-31 14582993 c:FRS102 2024-02-01 2025-01-31 14582993 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 14582993 c:FullAccounts 2024-02-01 2025-01-31 14582993 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 14582993 d:HirePurchaseContracts d:WithinOneYear 2025-01-31 14582993 d:HirePurchaseContracts d:WithinOneYear 2024-01-31 14582993 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-01-31 14582993 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-01-31 14582993 e:PoundSterling 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure
Registered number: 14582993


GS8 CONSTRUCTION ONE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

 
GS8 CONSTRUCTION ONE LIMITED
REGISTERED NUMBER: 14582993

BALANCE SHEET
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
184,363
2,484

  
184,363
2,484

Current assets
  

Work in progress
  
596,112
328,220

Debtors: amounts falling due within one year
 5 
1,690,867
1,803,143

Cash at bank and in hand
 6 
74,383
151,632

  
2,361,362
2,282,995

Creditors: amounts falling due within one year
 7 
(1,943,797)
(2,009,132)

Net current assets
  
 
 
417,565
 
 
273,863

Total assets less current liabilities
  
601,928
276,347

Creditors: amounts falling due after more than one year
 8 
(105,040)
(24,500)

  

Net assets
  
496,888
251,847


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
496,788
251,747

  
496,888
251,847


Page 1

 
GS8 CONSTRUCTION ONE LIMITED
REGISTERED NUMBER: 14582993
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Gabriel Stan
Director
Date: 23 April 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
GS8 CONSTRUCTION ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

GS8 Construction One Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 6a Hampstead High Street, London, NW3 1PR, England, United Kingdom.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
GS8 CONSTRUCTION ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
GS8 CONSTRUCTION ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.7

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.



Page 5

 
GS8 CONSTRUCTION ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment.
Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:


Plant and Machinery
-
2 years straight line
Fixtures and Fittings
-
3 years straight line
Computer Equipment
-
3 years straight line



Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

 
2.9

Work in progress

Work in progress is stated at the lower of cost and net realisable value. Costs include amounts incurred on development projects that are yet to commence.



Page 6

 
GS8 CONSTRUCTION ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 4).

Page 7

 
GS8 CONSTRUCTION ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 February 2024
746
-
1,094
1,003
2,843


Additions
62,385
136,502
21,002
4,061
223,950


Disposals
(3,782)
-
(1,094)
(1,002)
(5,878)



At 31 January 2025

59,349
136,502
21,002
4,062
220,915



Depreciation


At 1 February 2024
62
-
213
84
359


Charge for the year on owned assets
12,420
21,802
1,801
1,356
37,379


Disposals
(191)
-
(577)
(418)
(1,186)



At 31 January 2025

12,291
21,802
1,437
1,022
36,552



Net book value



At 31 January 2025
47,058
114,700
19,565
3,040
184,363



At 31 January 2024
684
-
881
919
2,484


5.


Debtors

2025
2024
£
£


Trade debtors
511,540
94,068

Amounts owed by group undertakings
746,385
1,328,613

Other debtors
121,369
201,926

Prepayments and accrued income
73,417
-

Tax recoverable
238,156
178,536

1,690,867
1,803,143


Page 8

 
GS8 CONSTRUCTION ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
74,383
151,632

74,383
151,632



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
811,591
922,283

Amounts owed to group undertakings
45,000
252,494

Corporation tax
239,299
79,158

Other taxation and social security
191,053
33,197

Obligations under finance lease and hire purchase contracts
47,746
-

Other creditors
3,108
-

Accruals and deferred income
606,000
722,000

1,943,797
2,009,132



8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Other loans
-
24,500

Net obligations under finance leases and hire purchase contracts
105,040
-

105,040
24,500


Page 9

 
GS8 CONSTRUCTION ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

9.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£


Amounts falling due 1-2 years

Other loans
-
24,500


-
24,500



-
24,500



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2025
2024
£
£


Within one year
47,746
-

Between 1-5 years
104,963
-

152,709
-


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund.  The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,770 (2024 - £744). Contributions totalling £937 (£2024 - £908) were payable to the fund at the balance sheet date.

 
Page 10