REGISTERED NUMBER: 09061613 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Gercon Construction Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

G Coleman

REGISTERED OFFICE:

27 Andraid Close

Stiles, Antrim

Co Antrim

BT41 1RF

REGISTERED NUMBER:

09061613 (England and Wales)

ACCOUNTANTS:

Peter Hodgson & Co.

Chartered Accountants

Shadwell House

65 Lower Green Road

Tunbridge Wells

Kent

TN4 8TW

FIXED ASSETS

Property, plant and equipment

4

38,644

31,131

CURRENT ASSETS

Inventories

286,444

98,950

Debtors

5

656,052

279,957

Cash at bank

138,186

194,587

1,080,682

573,494

CREDITORS

Amounts falling due within one year

6

307,266

71,923

NET CURRENT ASSETS

773,416

501,571

TOTAL ASSETS LESS CURRENT LIABILITIES

812,060

532,702

CREDITORS

Amounts falling due after more than one year

7

(149,858

)

(177,043

)

PROVISIONS FOR LIABILITIES

8

(4,488

)

(5,915

)

NET ASSETS

657,714

349,744

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

657,614

349,644

SHAREHOLDERS' FUNDS

657,714

349,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 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 director and authorised for issue on 29 September 2025 and were signed by:

G Coleman - Director

1.	STATUTORY INFORMATION

Gercon Construction 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.

Significant judgements and estimates

There are no significant judgements or estimates pertaining to these accounts that the directors feel need to be brought to the attention of users of these accounts.

Turnover

Revenue 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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 inventories to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Financial instruments

Basic financial instruments comprising debtors, bank and cash balances are recorded at fair value.

Functional currency

The functional currency used by the company is £ Sterling.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

7,950

40,222

583

48,755

Additions

-

22,600

399

22,999

Disposals

-

(7,095

)

-

(7,095

)

At 31 December 2024

7,950

55,727

982

64,659

DEPRECIATION

At 1 January 2024

3,478

13,891

255

17,624

Charge for year

1,118

11,762

182

13,062

Eliminated on disposal

-

(4,671

)

-

(4,671

)

At 31 December 2024

4,596

20,982

437

26,015

NET BOOK VALUE

At 31 December 2024

3,354

34,745

545

38,644

At 31 December 2023

4,472

26,331

328

31,131

Included in fixed assets are assets held under hire purchase contracts. The net book value of these assets at the year end amounted to £32,376 and the amount of hire purchase outstanding on these assets was £30,042.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

142,260

118,405

Retentions

126,575

148,000

VAT

387,217

13,552

656,052

279,957

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

4,204

10,021

HP loan less than a year

13,967

6,285

Other loans less than a year

34,581

29,750

Trade creditors

161,903

6,755

Tax

63,312

-

Social security and other taxes

8,442

14,810

Directors' current accounts

17,257

-

Accrued expenses

3,600

4,302

307,266

71,923

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans more than a year

18,237

22,314

HP loan more than a year

16,075

14,351

Other loans more than a year

103,655

140,378

Other creditors

11,891

-

149,858

177,043

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

4,488

5,915

Deferred

tax

£

Balance at 1 January 2024

5,915

Provided during year

(1,427

)

Balance at 31 December 2024

4,488

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Retained

earnings

£

At 1 January 2024

349,644

Profit for the year

307,970

At 31 December 2024

657,614