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Company Registration No. 08184272 (England and Wales)
G1 Contractors Limited Unaudited accounts for the year ended 31 August 2024
G1 Contractors Limited Company Information for the year ended 31 August 2024
Director
Georgi BUCHKOV
Company Number
08184272 (England and Wales)
Registered Office
13 Ingal Road London E13 8HY England
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G1 Contractors Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
419 
629 
Current assets
Debtors
5,776 
4,893 
Cash at bank and in hand
7,904 
21,567 
13,680 
26,460 
Creditors: amounts falling due within one year
(13,914)
(18,680)
Net current (liabilities)/assets
(234)
7,780 
Net assets
185 
8,409 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
183 
8,407 
Shareholders' funds
185 
8,409 
For the year ending 31 August 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 27 May 2025 and were signed on its behalf by
Georgi BUCHKOV Director Company Registration No. 08184272
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G1 Contractors Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
G1 Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 08184272. The registered office is 13 Ingal Road, London, E13 8HY, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2023
839 
At 31 August 2024
839 
Depreciation
At 1 September 2023
210 
Charge for the year
210 
At 31 August 2024
420 
Net book value
At 31 August 2024
419 
At 31 August 2023
629 
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G1 Contractors Limited Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,405 
977 
Trade debtors
2,912 
850 
Other debtors
1,459 
3,066 
5,776 
4,893 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,411 
15,964 
Trade creditors
57 
57 
Taxes and social security
- 
309 
Other creditors
3,446 
2,350 
13,914 
18,680 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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