G J Metalworks Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07391676

G J Metalworks Limited

Filleted Unaudited Financial Statements

31 March 2025

G J Metalworks Limited

Statement of Financial Position

31 March 2025

	31 Mar 25		30 Sep 23
Note	£	£	£	£

Fixed assets

Tangible assets	5		–		34,379

Current assets

Debtors	6	119,519	313,597
Cash at bank and in hand		132,497	159,107
		---------	---------
		252,016	472,704

Creditors: amounts falling due within one year	7	8,531		22,133
		---------		---------
Net current assets			243,485		450,571
			---------		---------
Total assets less current liabilities			243,485		484,950

Provisions

Taxation including deferred tax	–	8,595
	---------	---------
Net assets	243,485	476,355
	---------	---------

Capital and reserves

Called up share capital	8	100	100
Profit and loss account		243,385	476,255
		---------	---------
Shareholders funds		243,485	476,355
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 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 financial statements for the period in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

G J Metalworks Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 1 January 2026 , and are signed on behalf of the board by:

Mrs K Prior
Director

Company registration number: 07391676

G J Metalworks Limited

Notes to the Financial Statements

Period from 1 October 2023 to 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The company ceased trading on the 26 March 2024.

Revenue recognition

The turnover is shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and Machinery	-	25% reducing balance
Motor Vehicles	-	25% reducing balance
Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 1 (2023: 2 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 October 2023	31,805	66,425	6,458	104,688
Disposals	( 31,805)	( 66,425)	( 6,458)	( 104,688)
	--------	--------	-------	---------
At 31 March 2025	–	–	–	–
	--------	--------	-------	---------
Depreciation
At 1 October 2023	27,330	36,716	6,263	70,309
Charge for the period	559	921	32	1,512
Disposals	( 27,889)	( 37,637)	( 6,295)	( 71,821)
	--------	--------	-------	---------
At 31 March 2025	–	–	–	–
	--------	--------	-------	---------
Carrying amount
At 31 March 2025	–	–	–	–
	--------	--------	-------	---------
At 30 September 2023	4,475	29,709	195	34,379
	--------	--------	-------	---------

6. Debtors

	31 Mar 25	30 Sep 23
	£	£
Trade debtors	–	171,405
Amounts owed by group undertakings	–	24,479
Corporation tax repayable	23,449	–
Other debtors	96,070	117,713
	---------	---------
	119,519	313,597
	---------	---------

7. Creditors: amounts falling due within one year

	31 Mar 25	30 Sep 23
	£	£
Trade creditors	–	398
Accruals and deferred income	8,379	6,403
Corporation tax	–	11,570
Social security and other taxes	–	3,414
Director loan accounts	152	5
Other creditors	–	343
	-------	--------
	8,531	22,133
	-------	--------

8. Called up share capital

Issued, called up and fully paid

	31 Mar 25		30 Sep 23
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

9. Related party transactions

At the period end the company owed the director £152 (2023 - £5) which is shown amongst creditors. At the period end the company was owed £0 (2023 - £24,479) from a related party company which is shown amongst creditors.