Registered number
10652713
GK Construction Engineering Ltd
Unaudited Filleted Accounts
31 March 2025
GK Construction Engineering Ltd
Registered number: 10652713
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 20,844 30,464
Current assets
Debtors 4 26,391 15,719
Cash at bank and in hand 30,856 48,309
57,247 64,028
Creditors: amounts falling due within one year 5 (61,498) (62,864)
Net current (liabilities)/assets (4,251) 1,164
Total assets less current liabilities 16,593 31,628
Creditors: amounts falling due after more than one year 6 (12,345) (18,301)
Net assets 4,248 13,327
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,148 13,227
Shareholders' funds 4,248 13,327
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G King
Director
Approved by the board on 17 June 2025
GK Construction Engineering Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 3 years
Motor vehicles over 5 years
Plant & Equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant & Equipment Computer Equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 411 5,074 39,803 45,288
At 31 March 2025 411 5,074 39,803 45,288
Depreciation
At 1 April 2024 48 3,498 11,278 14,824
Charge for the year 82 1,577 7,961 9,620
At 31 March 2025 130 5,075 19,239 24,444
Net book value
At 31 March 2025 281 (1) 20,564 20,844
At 31 March 2024 363 1,576 28,525 30,464
4 Debtors 2025 2024
£ £
Trade debtors 6,161 5,719
Other debtors 20,230 10,000
26,391 15,719
5 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 5,956 5,956
Taxation and social security costs 20,730 22,199
Other creditors 34,812 34,709
61,498 62,864
6 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 12,345 18,301
7 Other information
GK Construction Engineering Ltd is a private company limited by shares and incorporated in England. Its registered office is:
300 St Marys Road
Garston
Liverpool
Merseyside
L19 0NQ
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