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REGISTERED NUMBER: 05947800 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

G&P Electrical Limited

G&P Electrical Limited (Registered number: 05947800)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


G&P Electrical Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs D M Spivey
G K Spivey





SECRETARY: G K Spivey





REGISTERED OFFICE: Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 05947800 (England and Wales)





ACCOUNTANTS: Chaves LLP
Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

G&P Electrical Limited (Registered number: 05947800)

Abridged Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 23,801 30,841
23,801 30,841

CURRENT ASSETS
Debtors 19,945 44,980
Cash at bank 54,851 51,601
74,796 96,581
CREDITORS
Amounts falling due within one year 55,218 72,455
NET CURRENT ASSETS 19,578 24,126
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,379

54,967

CREDITORS
Amounts falling due after more than one year (16,733 ) (29,217 )

PROVISIONS FOR LIABILITIES 6 (5,236 ) (5,282 )
NET ASSETS 21,410 20,468

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 21,310 20,368
SHAREHOLDERS' FUNDS 21,410 20,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

G&P Electrical Limited (Registered number: 05947800)

Abridged Balance Sheet - continued
30 September 2024



The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:





G K Spivey - Director


G&P Electrical Limited (Registered number: 05947800)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

G&P Electrical Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

G&P Electrical Limited (Registered number: 05947800)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 60,000
AMORTISATION
At 1 October 2023
and 30 September 2024 60,000
NET BOOK VALUE

At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 38,246
DEPRECIATION
At 1 October 2023 7,405
Charge for year 7,040
At 30 September 2024 14,445
NET BOOK VALUE
At 30 September 2024 23,801
At 30 September 2023 30,841

G&P Electrical Limited (Registered number: 05947800)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 October 2023
and 30 September 2024 22,839
DEPRECIATION
Charge for year 5,710
At 30 September 2024 5,710
NET BOOK VALUE
At 30 September 2024 17,129
At 30 September 2023 22,839

6. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 5,236 5,282

Deferred
tax
£   
Balance at 1 October 2023 5,282
Provided during year (46 )
Balance at 30 September 2024 5,236

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100