Company Registration No. 00907337 (England and Wales)
GASEX (MINING ENGINEERS) LIMITED
Unaudited accounts
for the year ended 31 December 2024
GASEX (MINING ENGINEERS) LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
226,924
228,051
Cash at bank and in hand
19,746
18,192
Creditors: amounts falling due within one year
(8,797)
(3,269)
Net current assets
89,920
80,716
Net assets
316,844
308,767
Called up share capital
2,000
2,000
Profit and loss account
314,844
306,767
Shareholders' funds
316,844
308,767
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 May 2025 and were signed on its behalf by
J HANN
Director
Company Registration No. 00907337
GASEX (MINING ENGINEERS) LIMITED
Notes to the Accounts
for the year ended 31 December 2024
GASEX (MINING ENGINEERS) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 00907337.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
buildings are depreciated evenly over 25 years
Plant & machinery
plant is depreciated at 15% pa on the reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 January 2024
236,278
45,906
282,184
At 31 December 2024
236,278
45,906
282,184
At 1 January 2024
11,520
42,613
54,133
Charge for the year
720
407
1,127
At 31 December 2024
12,240
43,020
55,260
At 31 December 2024
224,038
2,886
226,924
At 31 December 2023
224,758
3,293
228,051
GASEX (MINING ENGINEERS) LIMITED
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Accrued income and prepayments
-
2,100
6
Investments held as current assets
2024
2023
Unlisted investments
73,905
59,423
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,756
-
Allotted, called up and fully paid:
2,000 Ordinary shares of £1 each
2,000
2,000
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).