REGISTERED NUMBER: 09167831 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

G&L CONTRACTS (2000) LIMITED

Page

Company Information

1

Report of the Director

2

Statement of Income and Retained Earnings

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

G WELSH

SECRETARY:

MERLIN BUSINESS SERVICES UK LTD

REGISTERED OFFICE:

STAFFORDSHIRE KNOT

PINFOLD STREET

WEDNESBURY

WS10 8TE

REGISTERED NUMBER:

09167831 (England and Wales)

ACCOUNTANTS:

MERLIN ACCOUNTANCY & PAYROLE SERVICES LTD

STAFFORDSHIRE KNOT

PINFOLD STREET

WEDNESBURY

WS10 8TE

The director presents his report with the financial statements of the company for the year ended 31 March 2025.

DIRECTOR

G WELSH held office during the whole of the period from 1 April 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

G WELSH - Director

1 August 2025

TURNOVER

429,567

497,421

Cost of sales

286,309

317,284

GROSS PROFIT

143,258

180,137

Administrative expenses

106,401

135,456

OPERATING PROFIT

4

36,857

44,681

Interest payable and similar expenses

27,510

25,268

PROFIT BEFORE TAXATION

9,347

19,413

Tax on profit

2,187

3,494

PROFIT FOR THE FINANCIAL YEAR

7,160

15,919

Retained earnings at beginning of year

72,864

66,945

Dividends

5

(5,000

)

(10,000

)

RETAINED EARNINGS AT END OF YEAR

75,024

72,864

FIXED ASSETS

Tangible assets

6

41,685

44,685

CURRENT ASSETS

Stocks

55,000

81,000

Debtors

7

13,323

16,437

Cash at bank and in hand

105,063

63,092

173,386

160,529

CREDITORS

Amounts falling due within one year

8

110,049

99,192

NET CURRENT ASSETS

63,337

61,337

TOTAL ASSETS LESS CURRENT LIABILITIES

105,022

106,022

CREDITORS

Amounts falling due after more than one year

9

29,898

33,058

NET ASSETS

75,124

72,964

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

75,024

72,864

SHAREHOLDERS' FUNDS

75,124

72,964

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 1 August 2025 and were signed by:

G WELSH - Director

1.	STATUTORY INFORMATION

G&L CONTRACTS (2000) 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2024 - 2 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31/3/25

31/3/24

£

£

Depreciation - owned assets

3,000

-

5.

DIVIDENDS

31/3/25

31/3/24

£

£

ORDINARY share of 1.00

Final

5,000

10,000

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

65,668

DEPRECIATION

At 1 April 2024

20,983

Charge for year

3,000

At 31 March 2025

23,983

NET BOOK VALUE

At 31 March 2025

41,685

At 31 March 2024

44,685

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

CIS Tax suffered

13,323

16,245

VAT

-

192

13,323

16,437

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

1

-

Tax

24,782

24,433

VAT

14,986

-

Directors' current accounts

67,335

72,139

Accrued expenses

2,945

2,620

110,049

99,192

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bounce Back Loan

29,898

35,685

Funding Circle Loan

-

(2,627

)

29,898

33,058