REGISTERED NUMBER: 06572682 (England and Wales)

G K WORKS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTOR:

Ms L Beard

SECRETARY:

Ms L Beard

REGISTERED OFFICE:

27 Wood Avenue

Hockley

Essex

SS5 5NU

REGISTERED NUMBER:

06572682 (England and Wales)

ACCOUNTANTS:

Venthams Limited

Chartered Accountants

Millhouse

32-38 East Street

Rochford

Essex

SS4 1DB

FIXED ASSETS

Tangible assets

4

84,704

59,327

CURRENT ASSETS

Stocks

-

23,560

Debtors

5

33,891

56,255

Cash at bank

6

150,317

75,231

184,208

155,046

CREDITORS

Amounts falling due within one year

7

30,943

16,732

NET CURRENT ASSETS

153,265

138,314

TOTAL ASSETS LESS CURRENT LIABILITIES

237,969

197,641

PROVISIONS FOR LIABILITIES

8,693

14,832

NET ASSETS

229,276

182,809

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

228,276

181,809

229,276

182,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 January 2026 and were signed by:

Ms L Beard - Director

1.	STATUTORY INFORMATION

G K Works Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is 27 Wood Avenue, Hockley, Essex SS5 5NU.

The principal activity of the company continued to be that of landscape and building specialists.

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.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

33% on reducing balance and 25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance Sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

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 May 2024

14,489

437

65,766

80,692

Additions

1,812

-

62,246

64,058

Disposals

-

-

(39,383

)

(39,383

)

At 30 April 2025

16,301

437

88,629

105,367

DEPRECIATION

At 1 May 2024

9,422

251

11,692

21,365

Charge for year

1,480

47

8,232

9,759

Eliminated on disposal

-

-

(10,461

)

(10,461

)

At 30 April 2025

10,902

298

9,463

20,663

NET BOOK VALUE

At 30 April 2025

5,399

139

79,166

84,704

At 30 April 2024

5,067

186

54,074

59,327

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

30,843

54,141

Other debtors

3,048

2,114

33,891

56,255

6.	CASH AT BANK

2025

2024

£

£

Bank current account

4,523

7,606

Bank deposit account

145,794

67,625

150,317

75,231

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,447

3,799

Taxation and social security

24,063

9,183

Other creditors

4,433

3,750

30,943

16,732

8.	PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,007 (2024 - £2,443) Contributions totalling £614 (2024 - £285) were payable to the fund at the balance sheet date and are included in creditors.