REGISTERED NUMBER: 06023154 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

GDL Electrical Contractors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G D Lewsam

REGISTERED OFFICE:

Brantwood

South End

Goxhil

Barrow upon Humber

N E Lincolnshire

DN19 7LZ

REGISTERED NUMBER:

06023154 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

94,863

70,789

94,863

70,789

CURRENT ASSETS

Stocks

15,000

15,000

Debtors

6

553,358

286,695

Cash at bank and in hand

21,135

138,409

589,493

440,104

CREDITORS

Amounts falling due within one year

7

298,315

213,591

NET CURRENT ASSETS

291,178

226,513

TOTAL ASSETS LESS CURRENT LIABILITIES

386,041

297,302

CREDITORS

Amounts falling due after more than one year

8

(16,529

)

-

PROVISIONS FOR LIABILITIES

(20,478

)

(12,747

)

NET ASSETS

349,034

284,555

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

349,033

284,554

SHAREHOLDERS' FUNDS

349,034

284,555

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 16 December 2025 and were signed by:

G D Lewsam - Director

1.	STATUTORY INFORMATION

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

4,000

AMORTISATION

At 1 January 2024

and 31 December 2024

4,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

12,232

7,224

138,687

458

158,601

Additions

11,573

-

39,235

-

50,808

Disposals

-

-

(26,895

)

-

(26,895

)

At 31 December 2024

23,805

7,224

151,027

458

182,514

DEPRECIATION

At 1 January 2024

10,199

6,232

70,923

458

87,812

Charge for year

1,931

248

21,411

-

23,590

Eliminated on disposal

-

-

(23,751

)

-

(23,751

)

At 31 December 2024

12,130

6,480

68,583

458

87,651

NET BOOK VALUE

At 31 December 2024

11,675

744

82,444

-

94,863

At 31 December 2023

2,033

992

67,764

-

70,789

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

470,795

245,012

Other debtors

82,563

41,683

553,358

286,695

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

23,455

37,344

Trade creditors

31,759

15,093

Taxation and social security

193,958

120,119

Other creditors

49,143

41,035

298,315

213,591

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

16,529

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

39,984

37,344

The bank overdraft and Hire Purchase Loans are secured by way of a personal guarantee from the Director.