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REGISTERED NUMBER: 09109551 (England and Wales)
















G & H ENGINEERING SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






G & H ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 09109551)






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 ENGINEERING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M A Craven
D A Davis
G A Kelly
J D Sherburn





SECRETARY: M Greaves





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





REGISTERED NUMBER: 09109551 (England and Wales)





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

G & H ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 09109551)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,913 12,123

CURRENT ASSETS
Debtors 5 54,053 73,472
Cash at bank 32,313 45,661
86,366 119,133
CREDITORS
Amounts falling due within one year 6 64,334 130,872
NET CURRENT ASSETS/(LIABILITIES) 22,032 (11,739 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,945

384

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,845 284
SHAREHOLDERS' FUNDS 32,945 384

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 ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 09109551)

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

1. STATUTORY INFORMATION

G & H Engineering Services 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 ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 09109551)

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 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 £10,913 (2023:£12,123). During the year depreciation of £3,243 has been provided (2023: £4,669).

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 commission receivable.

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.
Improvements to property - 20% on cost
Fixtures and fittings - 25% on reducing balance

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'.

G & H ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 09109551)

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

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 88,059
Additions 2,033
At 31 December 2024 90,092
DEPRECIATION
At 1 January 2024 75,936
Charge for year 3,243
At 31 December 2024 79,179
NET BOOK VALUE
At 31 December 2024 10,913
At 31 December 2023 12,123

G & H ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 09109551)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 25,182 20,620
Other debtors 28,871 52,852
54,053 73,472

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,290 27,433
Amounts owed to group undertakings 3,775 3,147
Taxation and social security 7,317 34,839
Other creditors 40,952 65,453
64,334 130,872

7. 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

8. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

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 Maintenance 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.

9. POST BALANCE SHEET EVENTS

Dividends totalling £70,256 were paid after the accounting date.

On 31 March 2025 the 90 Ordinary shares of £1 were subdivided into 900 Ordinary shares of £0.10 each and 10 A Ordinary shares of £1 were subdivided into 100 A Ordinary shares of £0.10 each.


On 31 March 2025 160 Ordinary shares of £0.10 were allotted and issued.

10. 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.