GC Building and Services Ltd

GC Building and Services Ltd
Contents Page
For the year ended 31 March 2025

Company information	1
Director's report	2
Income statement	3
Statement of financial position	4
Statement of changes in equity	5
Notes to the financial statements	6

GC Building and Services Ltd
Company Information
For the year ended 31 March 2025

Director	Gaetano Sicignano
Registered Number	12247050
Registered Office	16 Parry Road Coventry CV2 3LZ

1

GC Building and Services Ltd
Director's Report
For the year ended 31 March 2025

Director's report and financial statements

The director presents his/her/their annual report and the financial statements for the year ended 31 March 2025.

Principal activities

Principal activity of the company during the financial year was of plumbing and property maintenance.

Director

The director who served the company throughout the year was as follows:

Gaetano Sicignano

Statement of director's responsibilities

The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the director is required to :

select suitable accounting policies and then apply them consistently
make judgements and accounting estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.

----------------------------------
Gaetano Sicignano
Director

Date approved: 06 September 2025

2

GC Building and Services Ltd
Income Statement
For the year ended 31 March 2025

	2025 £	2024 £
Turnover	73,170	59,885
Cost of sales	(27,092)	(31,294)
Gross profit	46,078	28,591
Selling and distribution costs	(1,050)	(2,003)
Administrative expenses	(33,733)	(20,670)
Operating profit	11,295	5,918
Interest payable and similar charges	(500)	0
Profit/(Loss) on ordinary activities before taxation	10,795	5,918
Tax on profit on ordinary activities	(2,242)	(437)
Profit/(Loss) for the financial year	8,553	5,481

3

GC Building and Services Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	16,323	16,240
		16,323	16,240
Current assets
Stocks	4	4,150	4,150
Debtors	5	1,688	1,409
Cash at bank and in hand		17,403	3,989
		23,241	9,548
Creditors: amount falling due within one year	6	(3,909)	312
Net current assets		19,332	9,860

Total assets less current liabilities		35,655	26,100
Creditors: amount falling due after more than one year	7	(1,625)	(623)
Net assets		34,030	25,477

Capital and reserves
Profit and loss account		34,030	25,477
Shareholders' funds		34,030	25,477

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 06 September 2025 and were signed by:

-------------------------------
Gaetano Sicignano
Director

4

GC Building and Services Ltd
Statement of Changes in Equity
For the year ended 31 March 2025

	Retained Earnings	Total
	£	£
At 01 April 2023	19,996	19,996
Profit for the year	5,481	5,481
Total comprehensive income for the year	5,481	5,481
Total investments by and distributions to owners	-	-
At 31 March 2024	25,477	25,477
At 01 April 2024	25,477	25,477
Profit for the year	8,553	8,553
Total comprehensive income for the year	8,553	8,553
Total investments by and distributions to owners	-	-
At 31 March 2025	34,030	34,030

5

GC Building and Services Ltd
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

GC Building and Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 12247050, registration address 16 Parry Road, Coventry, CV2 3LZ.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Website cost

Planning and operating costs for the company's website are charged to the income statement as incurred.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	3 Straight Line
Computer Equipment	3 Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 1).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Computer Equipment	Total
	£	£	£
At 01 April 2024	17,436	3,276	20,712
Additions	-	1,324	1,324
Disposals	-	-	-
At 31 March 2025	17,436	4,600	22,036
Depreciation
At 01 April 2024	3,487	985	4,472
Charge for year	-	1,241	1,241
On disposals	-	-	-
At 31 March 2025	3,487	2,226	5,713
Net book values
Closing balance as at 31 March 2025	13,949	2,374	16,323
Opening balance as at 01 April 2024	13,949	2,291	16,240

4.

Stocks

	2025 £		2024 £
Stocks	4,150		4,150
	4,150		4,150

5.

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	1,410	1,410
Called up Share Capital Not Paid	(1)	(1)
PAYE & Social Security	279	0
	1,688	1,409

6.

Creditors: amount falling due within one year

	2025 £	2024 £
Corporation Tax	2,242	12
PAYE & Social Security	0	194
Accrued Expenses	1,234	1,234
Other Creditors	1	0
Wages & Salaries Control Account	0	(1,752)
Directors' Current Accounts	432	0
	3,909	(312)

7.

Creditors: amount falling due after more than one year

	2025 £	2024 £
Accrued Expenses	0	437
Dividends Payable - Equity	500	0
Directors' Loan Accounts	1,125	186
	1,625	623

8.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
10 Class A shares of £1.00 each	10		10
	10		10

6

Registered Number: 12247050
England and Wales
GC BUILDING AND SERVICES LTD

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025