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No description of principal activity
2023-10-01
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
02557000
2023-10-01
2024-09-30
02557000
2024-09-30
02557000
2023-09-30
02557000
2022-10-01
2023-09-30
02557000
2023-09-30
02557000
2022-09-30
02557000
core:PlantMachinery
2023-10-01
2024-09-30
02557000
core:FurnitureFittings
2023-10-01
2024-09-30
02557000
core:MotorVehicles
2023-10-01
2024-09-30
02557000
bus:Director1
2023-10-01
2024-09-30
02557000
core:PlantMachinery
2023-09-30
02557000
core:FurnitureFittings
2023-09-30
02557000
core:MotorVehicles
2023-09-30
02557000
core:PlantMachinery
2024-09-30
02557000
core:FurnitureFittings
2024-09-30
02557000
core:MotorVehicles
2024-09-30
02557000
core:WithinOneYear
2024-09-30
02557000
core:WithinOneYear
2023-09-30
02557000
core:AfterOneYear
2024-09-30
02557000
core:AfterOneYear
2023-09-30
02557000
core:ShareCapital
2024-09-30
02557000
core:ShareCapital
2023-09-30
02557000
core:SharePremium
2024-09-30
02557000
core:SharePremium
2023-09-30
02557000
core:RetainedEarningsAccumulatedLosses
2024-09-30
02557000
core:RetainedEarningsAccumulatedLosses
2023-09-30
02557000
core:BetweenOneFiveYears
2024-09-30
02557000
core:BetweenOneFiveYears
2023-09-30
02557000
core:PlantMachinery
2023-09-30
02557000
core:FurnitureFittings
2023-09-30
02557000
core:MotorVehicles
2023-09-30
02557000
bus:SmallEntities
2023-10-01
2024-09-30
02557000
bus:AuditExempt-NoAccountantsReport
2023-10-01
2024-09-30
02557000
bus:SmallCompaniesRegimeForAccounts
2023-10-01
2024-09-30
02557000
bus:PrivateLimitedCompanyLtd
2023-10-01
2024-09-30
02557000
bus:FullAccounts
2023-10-01
2024-09-30
02557000
core:ComputerEquipment
2023-10-01
2024-09-30
02557000
core:ComputerEquipment
2023-09-30
02557000
core:ComputerEquipment
2024-09-30
COMPANY REGISTRATION NUMBER:
02557000
|
General Environmental Services Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
General Environmental Services Limited |
|
|
Statement of Financial Position |
|
30 September 2024
Fixed assets
|
Tangible assets |
5 |
|
222,703 |
249,844 |
|
|
|
|
|
Current assets
|
Stocks |
20,000 |
|
27,000 |
|
Debtors |
6 |
296,894 |
|
526,091 |
|
Cash at bank and in hand |
154,745 |
|
45,079 |
|
---------- |
|
---------- |
|
471,639 |
|
598,170 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
369,755 |
|
473,524 |
|
---------- |
|
---------- |
|
Net current assets |
|
101,884 |
124,646 |
|
|
---------- |
---------- |
|
Total assets less current liabilities |
|
324,587 |
374,490 |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
|
49,324 |
96,257 |
|
|
|
|
|
Provisions
|
Taxation including deferred tax |
|
25,000 |
26,000 |
|
|
---------- |
---------- |
|
Net assets |
|
250,263 |
252,233 |
|
|
---------- |
---------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
|
604 |
604 |
|
Share premium account |
|
30,439 |
30,439 |
|
Profit and loss account |
|
219,220 |
221,190 |
|
|
---------- |
---------- |
|
Shareholders funds |
|
250,263 |
252,233 |
|
|
---------- |
---------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
|
General Environmental Services Limited |
|
|
Statement of Financial Position (continued) |
|
30 September 2024
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
1 June 2025
, and are signed on behalf of the board by:
Company registration number:
02557000
|
General Environmental Services Limited |
|
|
Notes to the Financial Statements |
|
Year ended 30 September 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 242\242a Farnham Road, Slough, Berkshire, SL1 4XE.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership. It is probable that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured. Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be be reliably measured using a percentage of completion method.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery |
- |
25% reducing balance |
|
Office equipment |
- |
25% reducing balance |
|
Motor vehicles |
- |
20% reducing balance |
|
Computer equipment |
- |
33% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
32
(2023:
42
).
5.
Tangible assets
|
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
£ |
|
Cost |
|
|
|
|
|
|
At 1 October 2023 |
25,734 |
32,063 |
548,143 |
164,006 |
769,946 |
|
Additions |
– |
141 |
52,644 |
1,262 |
54,047 |
|
Disposals |
– |
– |
(
102,531) |
– |
(
102,531) |
|
--------- |
--------- |
---------- |
---------- |
---------- |
|
At 30 September 2024 |
25,734 |
32,204 |
498,256 |
165,268 |
721,462 |
|
--------- |
--------- |
---------- |
---------- |
---------- |
|
Depreciation |
|
|
|
|
|
|
At 1 October 2023 |
23,478 |
31,586 |
312,274 |
152,764 |
520,102 |
|
Charge for the year |
564 |
155 |
52,969 |
3,829 |
57,517 |
|
Disposals |
– |
– |
(
78,860) |
– |
(
78,860) |
|
--------- |
--------- |
---------- |
---------- |
---------- |
|
At 30 September 2024 |
24,042 |
31,741 |
286,383 |
156,593 |
498,759 |
|
--------- |
--------- |
---------- |
---------- |
---------- |
|
Carrying amount |
|
|
|
|
|
|
At 30 September 2024 |
1,692 |
463 |
211,873 |
8,675 |
222,703 |
|
--------- |
--------- |
---------- |
---------- |
---------- |
|
At 30 September 2023 |
2,256 |
477 |
235,869 |
11,242 |
249,844 |
|
--------- |
--------- |
---------- |
---------- |
---------- |
|
|
|
|
|
|
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
214,174 |
462,711 |
|
Other debtors |
82,720 |
63,380 |
|
---------- |
---------- |
|
296,894 |
526,091 |
|
---------- |
---------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
10,000 |
10,000 |
|
Trade creditors |
73,276 |
100,161 |
|
Social security and other taxes |
189,663 |
229,370 |
|
Other creditors |
96,816 |
133,993 |
|
---------- |
---------- |
|
369,755 |
473,524 |
|
---------- |
---------- |
|
|
|
The company bankers have an unscheduled mortgage debenture dated 20 September 1999 incorporating a fixed and floating charge over all current and future assets of the company.
8.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
8,333 |
18,334 |
|
Other creditors |
40,991 |
77,923 |
|
--------- |
--------- |
|
49,324 |
96,257 |
|
--------- |
--------- |
|
|
|
9.
Financial instruments
The carrying amount for each category of financial instrument is as follows:
Financial assets measured at fair value through profit or loss
|
Trade debtors |
214,174 |
462,711 |
|
---------- |
---------- |
|
|
|
10.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2024 |
2023 |
|
£ |
£ |
|
Not later than 1 year |
– |
679 |
|
Later than 1 year and not later than 5 years |
243,000 |
139,503 |
|
---------- |
---------- |
|
243,000 |
140,182 |
|
---------- |
---------- |
|
|
|
11.
Related party transactions
During the year the following transactions took place with related parties: The company charged management charges in respect of labour, motor expenses and overhead costs totalling £264,000 (2023 - £224,550) exclusive of Value Added Tax, to GES - Water Ltd, a company under the control of
C J Davis
, and his immediate family. Debtors include £41,678 (2023 - £34,778) owed by GES - Water Ltd. Creditors include an interest free loan of £26,809 (2023 - £11,809) from GES - Water Ltd. There is no fixed repayment date for this loan. The company purchased goods totalling £18,076 (2023 - nil) exclusive of Value Added Tax, from Legionella Tech Ltd, a company in which C J Davis
and G V Davis are directors and shareholders. Creditors include £8,305 (2023 - £4,743) owed to Legionella Tech Ltd. Debtors include an interest free loan of £2,040 (2023 - nil) to Legionella Tech Ltd. There is no fixed repayment date for this loan. The company incurred office cleaning costs totalling £5,120 (2023 - £4,600) from Ironing Lady, a business run by the wife of G V Davis. No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102.