Registered number
06233608
GEL Roofing & Sons Limited
Filleted Accounts
31 May 2025
GEL Roofing & Sons Limited
Registered number: 06233608
Balance Sheet
as at 31 May 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 289,212 294,243
Current assets
Debtors 4 3,543 9,559
Cash at bank and in hand 69,829 109,245
73,372 118,804
Creditors: amounts falling due within one year 5 (3,548) (4,823)
Net current assets 69,824 113,981
Net assets 359,036 408,224
Capital and reserves
Called up share capital 1 1
Profit and loss account 359,035 408,223
Shareholder's funds 359,036 408,224
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 member has 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.
Mr P J Lucas
Director
Approved by the board on 31 July 2025
GEL Roofing & Sons Limited
Notes to the Accounts
for the year ended 31 May 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:
Freehold buildings not depreciated
Motor vehicles over 4 years
Fixtures, fittings, tools and equipment over 3 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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2024 268,482 8,350 50,496 327,328
Additions - - 9,650 9,650
Disposals - - (12,095) (12,095)
At 31 May 2025 268,482 8,350 48,051 324,883
Depreciation
At 1 June 2024 - 7,845 25,240 33,085
Charge for the year - 253 14,428 14,681
On disposals - - (12,095) (12,095)
At 31 May 2025 - 8,098 27,573 35,671
Net book value
At 31 May 2025 268,482 252 20,478 289,212
At 31 May 2024 268,482 505 25,256 294,243
4 Debtors 2025 2024
£ £
Other debtors 3,543 9,559
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 2,761 3,741
Other creditors 787 1,082
3,548 4,823
6 Other information
GEL Roofing & Sons Limited is a private company limited by shares and incorporated in England. Its registered office is:
11 Lower Greenfield
Ingol
Preston
Lancashire
PR2 3ZT
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