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Registered number: 5750099
G & P BUILDERS LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2025
FOSDYKE ACCOUNTANCY SERVICES LIMITED
THE OLD VICARAGE
1 BELL LANE
FOSDYKE BOSTON
LINCS
PE20 2BS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 5750099
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 41,287 40,278
41,287 40,278
CURRENT ASSETS
Debtors 5 2,777 3,723
Cash at bank and in hand 15,471 15,471
18,248 19,194
Creditors: Amounts Falling Due Within One Year 6 (36,047 ) (36,173 )
NET CURRENT ASSETS (LIABILITIES) (17,799 ) (16,979 )
TOTAL ASSETS LESS CURRENT LIABILITIES 23,488 23,299
Creditors: Amounts Falling Due After More Than One Year 7 (413 ) (2,913 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,844 ) (7,653 )
NET ASSETS 15,231 12,733
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 15,229 12,731
SHAREHOLDERS' FUNDS 15,231 12,733
Page 1
Page 2
For the year ending 31 March 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr TONY GIBBINS
Director
06/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
G & P BUILDERS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 5750099 . The registered office is LINDUM COTTAGE, 11 MAIN ROAD LANGWORTH, LINCOLN, LINCS, LN3 5BJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15%
Motor Vehicles 25%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Sales, marketing and distribution 2 2
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 109,099
Additions 8,295
As at 31 March 2025 117,394
Depreciation
As at 1 April 2024 68,821
Provided during the period 7,286
As at 31 March 2025 76,107
Net Book Value
As at 31 March 2025 41,287
As at 1 April 2024 40,278
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 2,293 3,723
Other debtors 484 -
2,777 3,723
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3 1
Bank loans and overdrafts 8,859 7,786
Corporation tax 5,460 5,219
Other creditors 21,725 23,167
36,047 36,173
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 413 2,913
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 4
Page 5
9. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 21,580 18,980
Page 5