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REGISTERED NUMBER: 07746897 (England and Wales)















G & C ENERGY LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






G & C ENERGY LTD (REGISTERED NUMBER: 07746897)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G & C ENERGY LTD

COMPANY INFORMATION
for the Year Ended 31 AUGUST 2024







DIRECTORS: G G Williams
Mrs C L Williams





SECRETARY:





REGISTERED OFFICE: Richmond House
High Street
Barmouth
Gwynedd
LL42 1DW





REGISTERED NUMBER: 07746897 (England and Wales)





ACCOUNTANTS: E W Owen & Co
Glyndwr Buildings
Glyndwr Street
Dolgellau
Gwynedd
LL40 1BB

G & C ENERGY LTD (REGISTERED NUMBER: 07746897)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 258,308 200,718

CURRENT ASSETS
Debtors 5 101,929 150,109
Cash at bank 207,997 143,948
309,926 294,057
CREDITORS
Amounts falling due within one year 6 30,335 66,410
NET CURRENT ASSETS 279,591 227,647
TOTAL ASSETS LESS CURRENT
LIABILITIES

537,899

428,365

PROVISIONS FOR LIABILITIES 32,144 20,064
NET ASSETS 505,755 408,301

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 505,735 408,281
SHAREHOLDERS' FUNDS 505,755 408,301

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

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

G & C ENERGY LTD (REGISTERED NUMBER: 07746897)

BALANCE SHEET - continued
31 AUGUST 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





G G Williams - Director


G & C ENERGY LTD (REGISTERED NUMBER: 07746897)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2024


1. STATUTORY INFORMATION

G & C Energy Ltd 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

G & C ENERGY LTD (REGISTERED NUMBER: 07746897)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2024


4. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 September 2023 289,238 1,000 - 290,238
Additions 41,000 - 51,016 92,016
At 31 August 2024 330,238 1,000 51,016 382,254
DEPRECIATION
At 1 September 2023 89,038 482 - 89,520
Charge for year 24,120 103 10,203 34,426
At 31 August 2024 113,158 585 10,203 123,946
NET BOOK VALUE
At 31 August 2024 217,080 415 40,813 258,308
At 31 August 2023 200,200 518 - 200,718

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,330 10,402
Other debtors 69,599 139,707
101,929 150,109

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,837 18,054
Taxation and social security 11,498 48,356
30,335 66,410