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REGISTERED NUMBER: 13644811 (England and Wales)













Unaudited Financial Statements

for the Year Ended 28 February 2025

for

GEC Power Limited

GEC Power Limited (Registered number: 13644811)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GEC Power Limited

Company Information
for the Year Ended 28 February 2025







DIRECTORS: M Gray
G M D Lake
F Parker





REGISTERED OFFICE: Unit 22a Airport Industrial Estate
Newcastle upon Tyne
Tyne and Wear
NE3 2EF





REGISTERED NUMBER: 13644811 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

GEC Power Limited (Registered number: 13644811)

Balance Sheet
28 February 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 235,558 99,085

CURRENT ASSETS
Stocks 98,342 251,379
Debtors 5 1,235,380 322,589
Cash at bank and in hand 323,533 7,762
1,657,255 581,730
CREDITORS
Amounts falling due within one year 6 (1,364,604 ) (533,011 )
NET CURRENT ASSETS 292,651 48,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

528,209

147,804

CREDITORS
Amounts falling due after more than one
year

7

(198,682

)

(80,196

)

PROVISIONS FOR LIABILITIES 10 (50,490 ) (13,991 )
NET ASSETS 279,037 53,617

CAPITAL AND RESERVES
Called up share capital 11 300 305
Capital redemption reserve 5 -
Retained earnings 278,732 53,312
SHAREHOLDERS' FUNDS 279,037 53,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

GEC Power Limited (Registered number: 13644811)

Balance Sheet - continued
28 February 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 June 2025 and were signed on its behalf by:





F Parker - Director


GEC Power Limited (Registered number: 13644811)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

GEC Power 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from the 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Turnover is recognised at the point at which the risks and rewards of the goods are transferred to the customer and the services are rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - over period of the lease
Fixtures and fittings - 25% on cost and 20% on cost
Motor vehicles - 25% on reducing balance & 25% on cost and over period of the lease

Tangible fixed assets are measured at cost less any depreciation and impairment.

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

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


GEC Power Limited (Registered number: 13644811)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Motor
improvements fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2024 2,154 8,049 109,730 119,933
Additions 1,950 18,918 156,500 177,368
At 28 February 2025 4,104 26,967 266,230 297,301
DEPRECIATION
At 1 March 2024 166 2,321 18,361 20,848
Charge for year 935 3,651 36,309 40,895
At 28 February 2025 1,101 5,972 54,670 61,743
NET BOOK VALUE
At 28 February 2025 3,003 20,995 211,560 235,558
At 29 February 2024 1,988 5,728 91,369 99,085

GEC Power Limited (Registered number: 13644811)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,057,464 254,093
Amounts owed by associates - 20,600
Other debtors 64,624 39,987
Directors' current accounts 104,676 7,909
Prepayments and accrued income 8,616 -
1,235,380 322,589

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 1,617 58,957
Hire purchase contracts and finance leases (see note 8)
26,087

16,996
Trade creditors 1,059,551 343,822
Taxation and social security 167,607 105,552
Other creditors 75,458 1,808
Directors' current accounts 5,874 266
Accruals and deferred income 28,410 5,610
1,364,604 533,011

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 1-2 years - 1,617
Hire purchase contracts and finance leases (see note 8)
198,682

78,579
198,682 80,196

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
2025 2024 2025 2024
£    £    £    £   
Net obligations repayable:
Within one year 20,990 12,241 5,097 4,755
Between one and five years 170,377 45,177 28,305 33,402
191,367 57,418 33,402 38,157

GEC Power Limited (Registered number: 13644811)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2025 2024
£    £   
Within one year 30,815 23,100
Between one and five years 35,664 62,387
66,479 85,487

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 190,126 57,418

Hire purchase contracts are secured on the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 50,490 13,991

Deferred
tax
£   
Balance at 1 March 2024 13,991
Accelerated capital allowances 36,499
Balance at 28 February 2025 50,490

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
100 Ordinary £1 100 300
100 Ordinary A £1 100 -
5 Ordinary B £1 - 5
100 Ordinary C £1 100 -
300 305

GEC Power Limited (Registered number: 13644811)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 2024
£    £   
G M D Lake
Balance outstanding at start of year 1,054 (296 )
Amounts advanced 96,868 15,520
Amounts repaid (77,000 ) (14,170 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,922 1,054

F Parker
Balance outstanding at start of year 6,855 (1,100 )
Amounts advanced 231,899 106,955
Amounts repaid (155,000 ) (99,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 83,754 6,855

13. RELATED PARTY DISCLOSURES

There were no related party transactions other than those concluded under normal market conditions, except for those shown below.

2025 2024
£ £
Amounts due to directors 5,874 266
Amounts due from directors 104,676 7,909
Amounts due from associated companies - 20,600

No interest has been charged.