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Registered Number: 11899550
England and Wales

 

 

 

GN SURVEYS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2024

End date: 31 March 2025
Director Gary Dennis NEL
Registered Number 11899550
Registered Office 2 PAPPUS HOUSE TOLLGATE WEST
STANWAY COLCHESTER
CO3 8AQ
Accountants Pace Accountancy Ltd
3 The Retreat, Glebe Lane,
Abberton
Colchester
CO5 7NW
1
Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of GN SURVEYS LTD for the year ended 31 March 2025.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GN SURVEYS LTD for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of GN SURVEYS LTD , as a body, in accordance with the terms of our engagement letter dated 28 April 2025. Our work has been undertaken solely to prepare for your approval the accounts of GN SURVEYS LTD and state those matters that we have agreed to state to the Board of Directors of GN SURVEYS LTD , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GN SURVEYS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GN SURVEYS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GN SURVEYS LTD . You consider that GN SURVEYS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of GN SURVEYS LTD . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 March 2025.



....................................................
Pace Accountancy Ltd
3 The Retreat, Glebe Lane,
Abberton
Colchester
CO5 7NW
28 April 2025
2
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 63,649    19,993 
63,649    19,993 
Current assets      
Debtors 4 373,332    254,178 
Cash at bank and in hand 13,020    65,770 
386,352    319,948 
Creditors: amount falling due within one year 5 (165,579)   (137,645)
Net current assets 220,773    182,303 
 
Total assets less current liabilities 284,422    202,296 
Creditors: amount falling due after more than one year 6 (116,992)   (112,412)
Provisions for liabilities 7 (12,730)  
Net assets 154,700    89,884 
 

Capital and reserves
     
Called up share capital 8 112    112 
Profit and loss account 154,588    89,772 
Shareholders' funds 154,700    89,884 
 


For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 28 April 2025 and were signed by:


-------------------------------
Gary Dennis NEL
Director
3
General Information
GN SURVEYS LTD is a private company, limited by shares, registered in England and Wales, registration number 11899550, registration address 2 PAPPUS HOUSE TOLLGATE WEST, STANWAY COLCHESTER, CO3 8AQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Preference dividends
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in interest payable and similar charges within the income statement.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 50% Straight Line
Motor Vehicles 20% Straight Line
Computer Equipment 50% Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 16 (2024 : 13).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 April 2024 76,038    44,482    15,690    136,210 
Additions 19,643    41,279      60,922 
Disposals   (18,995)     (18,995)
At 31 March 2025 95,681    66,766    15,690    178,137 
Depreciation
At 01 April 2024 74,359    26,168    15,690    116,217 
Charge for year 10,281    6,985      17,266 
On disposals   (18,995)     (18,995)
At 31 March 2025 84,640    14,158    15,690    114,488 
Net book values
Closing balance as at 31 March 2025 11,041    52,608      63,649 
Opening balance as at 01 April 2024 1,679    18,314      19,993 


4.

Debtors: amounts falling due within one year

2025
£
  2024
£
Trade Debtors 142,475    113,062 
Amount Owed by Group Undertakings 176,505    131,505 
Prepayments & Accrued Income 3,875    4,359 
Other Debtors   2,120 
Corporation Tax 47,345   
370,200    251,046 

4.

Debtors: amounts falling due after one year

2025
£
  2024
£
Prepayments 3,132    3,132 
3,132    3,132 

5.

Creditors: amount falling due within one year

2025
£
  2024
£
Trade Creditors 60,007    47,898 
Bank Loans & Overdrafts 36,187    30,260 
PAYE & Social Security 3,768    3,885 
Other Creditors 7,722    4,959 
Obligations under HP/Financial Leases 12,522    5,111 
Directors' Current Accounts 20,503    19,845 
VAT 24,870    25,687 
165,579    137,645 

6.

Creditors: amount falling due after more than one year

2025
£
  2024
£
Bank Loans & Overdrafts 70,026    101,288 
Obligations Under HP/Financial Leases 46,966    11,124 
116,992    112,412 

7.

Provisions for liabilities

2025
£
  2024
£
Deferred Tax 12,730   
12,730   

8.

Share Capital

Allotted, called up and fully paid
2025
£
  2024
£
110 Class shares of £1.00 each 110    110 
1 Class A share of £1.00 each  
1 Class B share of £1.00 each  
112    112 

9.

Ultimate parent undertaking and controlling party

The ultimate parent undertaking and controlling party is GN Surveys Holding Ltd. (previous name changed from Step Into Reality Ltd.) Company number 14229183 with registered office and principal place of business at 2 Pappus House, Stanway, Colchester CO3 8AQ.
4