Company Registration No. 13435954 (England and Wales)
Gerallt Evans Metalcraft Ltd
Unaudited accounts
for the year ended 30 June 2024
Gerallt Evans Metalcraft Ltd
Unaudited accounts
Contents
Gerallt Evans Metalcraft Ltd
Company Information
for the year ended 30 June 2024
Directors
Gerallt Evans
Victoria Rushton
Company Number
13435954 (England and Wales)
Registered Office
Tan Lan
Pandy Tudur
Abergele
Clwyd
LL22 8UF
Wales
Accountants
Power Accountants, Business and Tax Advisors Limited
Royal House, 14 Upper Northgate Street
Chester
CH1 4EE
Gerallt Evans Metalcraft Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
475,058
188,116
Cash at bank and in hand
(24,618)
114,018
Creditors: amounts falling due within one year
(133,319)
(166,141)
Net current (liabilities)/assets
(119,261)
33,545
Total assets less current liabilities
355,797
221,661
Creditors: amounts falling due after more than one year
(253,012)
(135,814)
Called up share capital
100
100
Profit and loss account
102,685
85,747
Shareholders' funds
102,785
85,847
For the year ending 30 June 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.
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 27 June 2025 and were signed on its behalf by
Victoria Rushton
Director
Company Registration No. 13435954
Gerallt Evans Metalcraft Ltd
Notes to the Accounts
for the year ended 30 June 2024
Gerallt Evans Metalcraft Ltd is a private company, limited by shares, registered in England and Wales, registration number 13435954. The registered office is Tan Lan, Pandy Tudur, Abergele, Clwyd, LL22 8UF, Wales.
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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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Government grants are recognised when there is reasonable assurance that the conditions attached to the grant will be complied with and that the grant will be received.
Revenue grants are credited to the profit and loss account in the period to which they relate.
Capital grants are deducted from the cost of the related asset on the balance sheet and are recognised in the profit and loss account over the useful economic life of the asset by way of a reduced depreciation charge.
Gerallt Evans Metalcraft Ltd
Notes to the Accounts
for the year ended 30 June 2024
The company has not recognised any deferred tax assets or liabilities in these financial statements. In accordance with FRS 102, deferred tax assets in respect of tax losses carried forward are recognised only to the extent that it is probable that future taxable profits will be available against which the losses can be utilised. As there is insufficient evidence of such future profits at this stage, no deferred tax asset has been recognised. No deferred tax liabilities have arisen that require recognition.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
-
154,177
95,701
249,878
Additions
229,402
3,514
93,855
326,771
At 30 June 2024
229,402
157,691
189,556
576,649
At 1 July 2023
-
44,884
16,878
61,762
Charge for the year
-
22,561
17,268
39,829
At 30 June 2024
-
67,445
34,146
101,591
At 30 June 2024
229,402
90,246
155,410
475,058
At 30 June 2023
-
109,293
78,823
188,116
Amounts falling due within one year
Trade debtors
28,618
19,668
Gerallt Evans Metalcraft Ltd
Notes to the Accounts
for the year ended 30 June 2024
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
45,094
-
Obligations under finance leases and hire purchase contracts
13,511
79,757
Trade creditors
30,156
17,809
Taxes and social security
1,456
-
Other creditors
2,793
4,234
Loans from directors
41,846
47,523
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Creditors: amounts falling due after more than one year
2024
2023
Bank loans
200,277
135,814
Obligations under finance leases and hire purchase contracts
52,735
-
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Average number of employees
During the year the average number of employees was 6 (2023: 6).