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REGISTERED NUMBER: 04737892 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2024

for

General Damproofing Limited

General Damproofing Limited (Registered number: 04737892)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


General Damproofing Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr M Lynn
Mr P J Lynn
Mr A Lynn





REGISTERED OFFICE: Unit N 383 Jedburgh Court
Team Valley Trading Estate
Gateshead
Tyne and Wear
NE11 0BQ





REGISTERED NUMBER: 04737892 (England and Wales)





ACCOUNTANTS: S&W Partners (Newcastle) Limited
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

General Damproofing Limited (Registered number: 04737892)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 38,989 12,313

CURRENT ASSETS
Stocks 44,000 22,000
Debtors 6 10,668 17,040
Cash at bank and in hand 76,065 59,116
130,733 98,156
CREDITORS
Amounts falling due within one year 7 (64,528 ) (57,557 )
NET CURRENT ASSETS 66,205 40,599
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,194

52,912

CREDITORS
Amounts falling due after more than one
year

8

(4,811

)

(10,811

)
NET ASSETS 100,383 42,101

CAPITAL AND RESERVES
Called up share capital 3 3
Profit and loss account 100,380 42,098
100,383 42,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:




Mr M Lynn - Director Mr P J Lynn - Director




Mr A Lynn - Director


General Damproofing Limited (Registered number: 04737892)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

General Damproofing 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 7 ) .

General Damproofing Limited (Registered number: 04737892)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 34,967
Additions 37,610
Disposals (12,300 )
At 31 July 2024 60,277
DEPRECIATION
At 1 August 2023 22,654
Charge for year 2,939
Eliminated on disposal (4,305 )
At 31 July 2024 21,288
NET BOOK VALUE
At 31 July 2024 38,989
At 31 July 2023 12,313

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,668 17,040

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,689 6,689
Trade creditors 14,752 12,106
Taxation and social security 19,285 11,026
Other creditors 23,802 27,736
64,528 57,557

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,811 10,811