Company Registration No. 07400346 (England and Wales)
G & L Staircases Limited
Unaudited accounts
for the year ended 31 October 2024
G & L Staircases Limited
Statement of financial position
as at 31 October 2024
Tangible assets
1,340,739
1,183,556
Inventories
97,364
104,966
Cash at bank and in hand
162,619
108,215
Creditors: amounts falling due within one year
(446,005)
(660,424)
Net current assets/(liabilities)
161,611
(28,247)
Total assets less current liabilities
1,502,350
1,155,309
Creditors: amounts falling due after more than one year
(1,034,553)
(835,619)
Net assets
467,797
319,690
Called up share capital
101
2
Profit and loss account
467,696
319,688
Shareholders' funds
467,797
319,690
For the year ending 31 October 2024 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by
Gregg Sorokin
Director
Company Registration No. 07400346
G & L Staircases Limited
Notes to the Accounts
for the year ended 31 October 2024
G & L Staircases Limited is a private company, limited by shares, registered in England and Wales, registration number 07400346. The registered office is TY DEWIN, 16 STATION ROAD, PORT TALBOT, SA13 1JB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Motor vehicles
25% Straight Line
4
Tangible fixed assets
Total
At 1 November 2023
1,337,330
At 31 October 2024
1,584,294
At 1 November 2023
153,774
Charge for the year
89,781
At 31 October 2024
243,555
At 31 October 2024
1,340,739
At 31 October 2023
1,183,556
G & L Staircases Limited
Notes to the Accounts
for the year ended 31 October 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
2
1 A Ordinary Shares of £1 each
1
-
Shares issued during the period:
98 Ordinary shares of £1 each
98
1 A Ordinary Shares of £1 each
1
6
Average number of employees
During the year the average number of employees was 37 (2023: 26).