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REGISTERED NUMBER: 11195521 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

GAD NEW BUILD LIMITED

GAD NEW BUILD LIMITED (REGISTERED NUMBER: 11195521)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GAD NEW BUILD LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2025







DIRECTORS: D Ruyssevelt
A P Ruyssevelt





SECRETARY: Mrs G Ruyssevelt





REGISTERED OFFICE: 47 Charingworth Drive
Hatton Park
Warwick
Warwickshire
CV35 7SY





REGISTERED NUMBER: 11195521 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

GAD NEW BUILD LIMITED (REGISTERED NUMBER: 11195521)

BALANCE SHEET
31 January 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 25,985 34,979
Investments 5 50 50
26,035 35,029

CURRENT ASSETS
Stocks 283,352 -
Debtors 6 131,078 133,009
Cash at bank 894 84,989
415,324 217,998
CREDITORS
Amounts falling due within one year 7 261,156 53,154
NET CURRENT ASSETS 154,168 164,844
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,203

199,873

CREDITORS
Amounts falling due after more than one
year

8

(3,531

)

(13,950

)

PROVISIONS FOR LIABILITIES (4,123 ) (5,653 )
NET ASSETS 172,549 180,270

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 172,429 180,150
SHAREHOLDERS' FUNDS 172,549 180,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

GAD NEW BUILD LIMITED (REGISTERED NUMBER: 11195521)

BALANCE SHEET - continued
31 January 2025


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 22 May 2025 and were signed on its behalf by:





A P Ruyssevelt - Director


GAD NEW BUILD LIMITED (REGISTERED NUMBER: 11195521)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025


1. STATUTORY INFORMATION

Gad New Build Limited 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 - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

GAD NEW BUILD LIMITED (REGISTERED NUMBER: 11195521)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024
and 31 January 2025 3,424 62,754 3,303 69,481
DEPRECIATION
At 1 February 2024 3,424 28,108 2,970 34,502
Charge for year - 8,661 333 8,994
At 31 January 2025 3,424 36,769 3,303 43,496
NET BOOK VALUE
At 31 January 2025 - 25,985 - 25,985
At 31 January 2024 - 34,646 333 34,979

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 February 2024
and 31 January 2025 50
NET BOOK VALUE
At 31 January 2025 50
At 31 January 2024 50

GAD NEW BUILD LIMITED (REGISTERED NUMBER: 11195521)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed by group undertakings 131,068 132,568
Other debtors 10 441
131,078 133,009

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 11,058 10,162
Taxation and social security 6,179 42,064
Other creditors 243,919 928
261,156 53,154

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 3,531 13,950

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
A P Ruyssevelt
Balance outstanding at start of year 441 -
Amounts advanced - 441
Amounts repaid (441 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 441

During the year the company performed work for joint venture's that A P Ruyssevelt (director) is connected with, the total amount charged was £5,071 (2024 £5,404). At 31 January 2025 and 2024 no amounts were owed to the company for this work.


Also during the year the company performed work for Wathen Limited, a company it has a 50% share interest in amounting to £nil (2024 £678). At 31 January 2025 and 2024 no amounts were owed to the company for this work.

10. RELATED PARTY DISCLOSURES

At 31 January 2025 other creditors include loans made to the company by A P Ruyssevelt (director) amounting to £232,895 (2024 £nil). The loans are subject to interest and £3,669 was paid during the year (2024 £nil).

GAD NEW BUILD LIMITED (REGISTERED NUMBER: 11195521)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025


11. CONTROLLING PARTY

The controlling party is the directors.