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Company Registration No. 07104284 (England and Wales)
GE Construction Ltd Unaudited accounts for the year ended 28 February 2025
GE Construction Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
GE Construction Ltd Company Information for the year ended 28 February 2025
Director
Michael Edwards
Company Number
07104284 (England and Wales)
Registered Office
Willowbrook Heath Lane, Brinklow Rugby Warwickshire CV23 0NX
Accountants
Cube Accounting Limited Suite 13B & 13C, Davy Court Castle Mound Way Rugby Warwickshire CV23 0UZ
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GE Construction Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
34,630
39,995
Current assets
Debtors
5
137,131
163,965
Cash at bank and in hand
104,631
4,414
241,762
168,379
Creditors: amounts falling due within one year
6
(458,837)
(615,249)
Net current liabilities
(217,075)
(446,870)
Total assets less current liabilities
(182,445)
(406,875)
Creditors: amounts falling due after more than one year
7
(21,933)
(25,067)
Net liabilities
(204,378)
(431,942)
Capital and reserves
Called up share capital
2
2
Profit and loss account
(204,380)
(431,944)
Shareholders' funds
(204,378)
(431,942)
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 June 2025 and were signed on its behalf by
Michael Edwards Director Company Registration No. 07104284
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GE Construction Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
GE Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 07104284. The registered office is Willowbrook Heath Lane,, Brinklow, Rugby, Warwickshire, CV23 0NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Going concern
The company have reviewed its financial position and based on future trading and the support of its shareholder and director, the company director is of the opinion that the company will remain viable for the foreseeable future and therefore these financial statements have been prepare on the going concern basis.
- 5 -
GE Construction Ltd Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
12,228
21,975
45,001
79,204
Additions
-
237
-
237
At 28 February 2025
12,228
22,212
45,001
79,441
Depreciation
At 1 March 2024
-
9,343
29,866
39,209
Charge for the year
-
2,575
3,027
5,602
At 28 February 2025
-
11,918
32,893
44,811
Net book value
At 28 February 2025
12,228
10,294
12,108
34,630
At 29 February 2024
12,228
12,632
15,135
39,995
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
137,131
163,965
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
9,400
9,400
VAT
4,078
12,615
Trade creditors
13,036
104,080
Amounts owed to group undertakings and other participating interests
-
5,038
Taxes and social security
2,584
3,069
Other creditors
46,606
72,037
Loans from directors
381,883
407,840
Accruals
1,250
1,170
458,837
615,249
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
21,933
25,067
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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