| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| FOR |
| GUY MCCULLOUGH BUILDING SERVICES LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| FOR |
| GUY MCCULLOUGH BUILDING SERVICES LIMITED |
| GUY MCCULLOUGH BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03419121) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| GUY MCCULLOUGH BUILDING SERVICES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| BANKERS: |
| 113 Dalton Road |
| Barrow in Furness |
| Cumbria |
| LA14 1WY |
| GUY MCCULLOUGH BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03419121) |
| ABRIDGED BALANCE SHEET |
| 31 AUGUST 2024 |
| 31.8.24 | 31.8.23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| GUY MCCULLOUGH BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03419121) |
| ABRIDGED BALANCE SHEET - continued |
| 31 AUGUST 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| GUY MCCULLOUGH BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03419121) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 1. | STATUTORY INFORMATION |
| Guy McCullough Building Services Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of goods and services as adjusted for work in progress, excluding VAT. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| Investment property |
| All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102. |
| Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 the Companies Act 2006. Depreciation if provided would not have been of a material nature. |
| 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| GUY MCCULLOUGH BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03419121) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 September 2023 |
| Additions |
| At 31 August 2024 |
| DEPRECIATION |
| At 1 September 2023 |
| Charge for year |
| At 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 31 August 2023 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Totals |
| £ |
| COST |
| At 1 September 2023 |
| and 31 August 2024 | 27,015 |
| DEPRECIATION |
| At 1 September 2023 |
| and 31 August 2024 | 6,796 |
| NET BOOK VALUE |
| At 31 August 2024 | 20,219 |
| At 31 August 2023 | 20,219 |
| . |
| 5. | INVESTMENT PROPERTY |
| All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102. |
| Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 the Companies Act 2006. Depreciation if provided would not have been of a material nature. |
| GUY MCCULLOUGH BUILDING SERVICES LIMITED (REGISTERED NUMBER: 03419121) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 6. | LEASING AGREEMENTS |
| Minimum lease payments under hire purchase fall due as follows: |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Hire purchase contracts | 170,441 | 127,821 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.8.24 | 31.8.23 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| During the financial year the director was charged £2,758 (2023: £2,502) interest on the loan which is unsecured and repayable on demand. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company is owned and controlled by Mr and Mrs G McCullough. |