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REGISTERED NUMBER: 05327079 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Gatwick Construction Limited

Gatwick Construction Limited (Registered number: 05327079)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


Gatwick Construction Limited (Registered number: 05327079)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £   
Fixed assets
Tangible assets 4 611,400 669,743

Current assets
Debtors 5 283,700 91,159
Cash at bank 2,050,475 3,650,699
2,334,175 3,741,858
Creditors
Amounts falling due within one year 6 708,474 1,911,025
Net current assets 1,625,701 1,830,833
Total assets less current liabilities 2,237,101 2,500,576

Creditors
Amounts falling due after more than one
year

7

-

(32,006

)

Provisions for liabilities (152,850 ) (167,436 )
Net assets 2,084,251 2,301,134

Gatwick Construction Limited (Registered number: 05327079)

Balance Sheet - continued
31 January 2025

2025 2024
Notes £    £    £   
Capital and reserves
Called up share capital 9 107 107
Capital redemption reserve 15 15
Retained earnings 2,084,129 2,301,012
Shareholders' funds 2,084,251 2,301,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by:





T R Toon - Director


Gatwick Construction Limited (Registered number: 05327079)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. Statutory information

Gatwick Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05327079

Registered office: Southpoint
Old Brighton Road
Lowfield Heath
Crawley
West Sussex
RH11 0PR

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end.

Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.

When it is probable that total contract costs will exceed total contract revenue, the expected loss is expensed immediately, with a corresponding provision for an onerous contract being recognised.

Where the collectability of an amount already recognised as contract revenue is no longer probable, the uncollectible amount is expensed rather than recognised as an adjustment to the amount of contract revenue.

Gatwick Construction Limited (Registered number: 05327079)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. Accounting policies - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Gatwick Construction Limited (Registered number: 05327079)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

3. Employees and directors

The average number of employees during the year was 12 (2024 - 12 ) .

4. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 February 2024 257,800 709,988 45,420 1,013,208
Additions 58,760 128,062 11,730 198,552
Disposals - (114,517 ) - (114,517 )
At 31 January 2025 316,560 723,533 57,150 1,097,243
Depreciation
At 1 February 2024 52,360 254,194 36,911 343,465
Charge for year 64,704 115,520 7,674 187,898
Eliminated on disposal - (45,520 ) - (45,520 )
At 31 January 2025 117,064 324,194 44,585 485,843
Net book value
At 31 January 2025 199,496 399,339 12,565 611,400
At 31 January 2024 205,440 455,794 8,509 669,743

5. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 215,711 23,899
Other debtors 67,989 67,260
283,700 91,159

Gatwick Construction Limited (Registered number: 05327079)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

6. Creditors: amounts falling due within one year
2025 2024
£    £   
Hire purchase contracts 32,006 38,408
Trade creditors 233,642 269,845
Amounts owed to group undertakings 68,488 1,049,407
Taxation and social security 305,479 496,388
Other creditors 68,859 56,977
708,474 1,911,025

7. Creditors: amounts falling due after more than one year
2025 2024
£    £   
Hire purchase contracts - 32,006

8. Secured debts

Within creditors are debts of £32,006 secured on an item of plant (2024:£70,414).

9. Called up share capital

Number Class Nominal
Value 2025 2024
£ £

43 Ordinary B £1 43 43
43 Ordinary C £1 43 43
21 Ordinary D £1 21 21

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