REGISTERED NUMBER: 04674598 (England and Wales)

GC Harrison Builders Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

G C Harrison

D J Harrison

Secretary:

D J Harrison

Registered office:

18 Leathway

Ormesby

Great Yarmouth

Norfolk

NR29 3QA

Registered number:

04674598 (England and Wales)

Accountants:

Fairhead Bradford

5 Queen Street

Great Yarmouth

Norfolk

NR30 2QP

Fixed assets

Tangible assets

4

21,870

24,679

Current assets

Debtors

5

140,703

114,069

Cash at bank

2,294

41,211

142,997

155,280

Creditors

Amounts falling due within one year

6

112,280

103,490

Net current assets

30,717

51,790

Total assets less current liabilities

52,587

76,469

Creditors

Amounts falling due after more than one year

7

(1,667

)

(11,667

)

Provisions for liabilities

(4,155

)

(4,524

)

Net assets

46,765

60,278

Capital and reserves

Called up share capital

2

2

Retained earnings

46,763

60,276

Shareholders' funds

46,765

60,278

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 directors acknowledge their 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 Board of Directors and authorised for issue on 13 November 2025 and were signed on its behalf by:

G C Harrison - Director

1.	Statutory information

GC Harrison Builders 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents sales at invoice value excluding value added tax.

Sales income represents revenue earned under a variety of contracts to provide services. Revenue is recognised as earned when, and to the extent that, the company earns the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, including expenses but excluding value added tax.

Revenue is recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts, the amount of revenue reflects the accrual for the right to consideration by reference to the value of work performed. Revenue not billed to customers in included in trade debtors.

Sales income that is contingent on events outside the control of the company are recognised when the contingent event occurs.

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

-

15% on reducing balance

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

20% on reducing balance

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.

3.	Employees and directors

The average number of employees during the year was 3 (2024 - 3 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 April 2024

9,814

4,302

76,590

90,706

Additions

-

-

3,700

3,700

At 31 March 2025

9,814

4,302

80,290

94,406

Depreciation

At 1 April 2024

9,059

3,940

53,028

66,027

Charge for year

113

121

6,275

6,509

At 31 March 2025

9,172

4,061

59,303

72,536

Net book value

At 31 March 2025

642

241

20,987

21,870

At 31 March 2024

755

362

23,562

24,679

5.

Debtors: amounts falling due within one year

31/3/25

31/3/24

£

£

Trade debtors

135,927

112,515

Other debtors

4,776

1,554

140,703

114,069

6.

Creditors: amounts falling due within one year

31/3/25

31/3/24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

9,406

13,384

Taxation and social security

11,201

11,247

Other creditors

81,673

68,859

112,280

103,490

7.

Creditors: amounts falling due after more than one year

31/3/25

31/3/24

£

£

Bank loans

1,667

11,667

8.	Related party disclosures

Included within other creditors is a loan from the company directors of £78,549 ( 2024 - £64,857 ). The loan is unsecured and interest free.