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REGISTERED NUMBER: 07002438 (England and Wales)
















G & H MAINTENANCE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






G & H MAINTENANCE LIMITED (REGISTERED NUMBER: 07002438)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G & H MAINTENANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M A Craven
D A Davis
G A Kelly
D Ridsdale



SECRETARY: M Greaves



REGISTERED OFFICE: Firlands Mill
South Parade
Pudsey
West Yorkshire
LS28 8AD



REGISTERED NUMBER: 07002438 (England and Wales)



SENIOR STATUTORY AUDITOR: Martin Garrity FCA FCCA



AUDITORS: BPR Audit Limited
Statutory Auditors
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

G & H MAINTENANCE LIMITED (REGISTERED NUMBER: 07002438)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 706,232 695,010

CURRENT ASSETS
Stocks - 32,919
Debtors 5 1,789,162 1,313,475
Cash at bank and in hand 377,501 561,156
2,166,663 1,907,550
CREDITORS
Amounts falling due within one year 6 1,545,875 1,543,500
NET CURRENT ASSETS 620,788 364,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,327,020

1,059,060

CREDITORS
Amounts falling due after more than one
year

7

(93,220

)

(151,911

)

PROVISIONS FOR LIABILITIES (159,811 ) (107,420 )
NET ASSETS 1,073,989 799,729

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,073,889 799,629
SHAREHOLDERS' FUNDS 1,073,989 799,729

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 Income Statement has not been delivered.

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





G A Kelly - Director


G & H MAINTENANCE LIMITED (REGISTERED NUMBER: 07002438)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

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

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below.

The financial statements have been prepared using the going concern basis.

The current economic conditions present risks for all businesses. In response to such conditions, the directors have carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the directors consider that the company maintains an appropriate level of liquidity sufficient to meet the demands of the business including any capital and servicing obligations of external debt liabilities.

In addition, the company's assets are assessed for recoverability on a regular basis, and the directors consider that the company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the company's ability to continue as a going concern. Thus the directors have continued to adopt the going concern basis of accounting in preparing these financial statements.

Preparation of consolidated financial statements
The company is included in the accounts of its ultimate parent company, G & H Group of Companies (Holdings) Limited. These consolidated accounts are available from Companies House.

G & H MAINTENANCE LIMITED (REGISTERED NUMBER: 07002438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires the directors to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. These estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events. However, the nature of estimation means that actual results may differ from these estimates.

Critical areas of judgement
In categorising leases as finance leases or operating leases, management makes judgements as to whether significant risks and rewards of ownership have transferred to the company as lessee.

Key sources of estimation uncertainty
Determining the stage of completion on contracts requires the directors to estimate the total contract costs for a project. This is then compared with the costs incurred for work performed to date in order to evaluate the company's right to consideration and to recognise the appropriate amount of revenue as income for the period. In determining total expected contract costs the directors apply their experience and knowledge of the industry.

Determining appropriate rates of depreciation requires an estimation of the useful lives and expected residual values of fixed assets. The net carrying amount of assets is £706,232 (2023: £695,010)
During the year depreciation of £176,877 has been provided.(2023: £143,794).

Revenue recognition
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts and rebates, and is stated net of Value Added Tax.

Rendering of services
Turnover shown in the profit and loss account is derived from the rendering of services, being the supply of maintenance work. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of services provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included within 'Creditors: amounts falling due within one year'.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to leasehold property - over term of lease
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

G & H MAINTENANCE LIMITED (REGISTERED NUMBER: 07002438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

Where the arrangement does constitute a financing transaction, e.g. debt with basic terms, the initial measurement is of amortised cost using the effective interest method. In subsequent years the debt instrument is measured at amortised cost less impairment.

Impairment
At the end of each reporting period the company must assess whether there is objective evidence of impairment of any financial asset held at cost or amortised cost and if there is then an impairment must be recognised immediately in profit or loss.

Other financial instruments
The company does not have any financial instruments that would not be classed as 'basic'.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

G & H MAINTENANCE LIMITED (REGISTERED NUMBER: 07002438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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.

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

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 47 (2023 - 44 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 1,056,089
Additions 214,561
Disposals (98,447 )
At 31 December 2024 1,172,203
DEPRECIATION
At 1 January 2024 361,079
Charge for year 176,877
Eliminated on disposal (71,985 )
At 31 December 2024 465,971
NET BOOK VALUE
At 31 December 2024 706,232
At 31 December 2023 695,010

As at 31 December 2024 the net book value of motor vehicles held under hire purchase agreements totalled £291,504. (2023 : £301,213).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,457,699 1,121,086
Amounts owed by group undertakings 3,775 3,147
Amounts recoverable on contracts 301,896 164,362
Other debtors 25,792 24,880
1,789,162 1,313,475

G & H MAINTENANCE LIMITED (REGISTERED NUMBER: 07002438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 121,672 132,253
Trade creditors 709,661 587,741
Amounts owed to group undertakings 83,492 236,315
Taxation and social security 260,022 228,234
Other creditors 371,028 358,957
1,545,875 1,543,500

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 93,220 151,911

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 121,672 132,253
Between one and five years 93,220 151,911
214,892 284,164

Non-cancellable
operating leases
2024 2023
£    £   
Within one year 36,000 -
Between one and five years 36,000 -
72,000 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 214,892 284,164

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Garrity FCA FCCA (Senior Statutory Auditor)
for and on behalf of BPR Audit Limited

G & H MAINTENANCE LIMITED (REGISTERED NUMBER: 07002438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

11. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

HSBC UK Bank plc hold a Debenture including Fixed Charge over all present freehold and leasehold property; First Fixed Charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and First Floating Charge over all assets and undertaking both present and future dated 21 May 2014.

Additionally, the company is included in Multilateral Guarantees as follows:

HSBC UK Bank plc hold an unlimited Multilateral Guarantee dated 10 April 2019 given by G & H Group of Companies Limited, G & H Building Services Limited, G & H Maintenance Limited, and G&H Property Group Ltd.

On 24 April 2023 the company entered into a composite guarantee, along with G & H Group of Companies (Holdings) Limited, G & H Building Services Limited and G & H Engineering Services Limited in favour of HSBC UK Bank plc to secure the borrowings of G & H Group of Companies Limited.
A fixed and floating charge over all the company's assets was taken by HSBC UK Bank plc.
.

12. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 137,032 -

13. POST BALANCE SHEET EVENTS

Dividends totalling £58,331were paid after the accounting date.

14. ULTIMATE PARENT COMPANY

G & H Group of Companies (Holdings) Limited (incorporated in England) is regarded by the directors as being the company's ultimate parent company.