Registration number: 10559683

GA Furnace Engineering Ltd

(Registration number: 10559683)

Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	42,387	50,803
Current assets
Stocks		318,578	470,509
Debtors	4	183,229	126,621
Cash at bank and in hand		1,256	54,926
		503,063	652,056
Creditors: Amounts falling due within one year	5	(661,273)	(811,549)
Net current liabilities		(158,210)	(159,493)
Total assets less current liabilities		(115,823)	(108,690)
Creditors: Amounts falling due after more than one year	5	-	(14,205)
Net liabilities		(115,823)	(122,895)
Capital and reserves
Called up share capital		100	100
Retained earnings		(115,923)	(122,995)
Shareholders' deficit		(115,823)	(122,895)

For the financial period ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

GA Furnace Engineering Ltd

(Registration number: 10559683)

Balance Sheet as at 31 July 2025 (continued)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities.

These financial statements were approved and authorised for issue by the Board on 23 April 2026 and signed on its behalf by:
 

.........................................

Mr T S Harrison

Director

GA Furnace Engineering Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 July 2025

1	Accounting policies

Statutory information

GA Furnace Engineering Ltd is a private company, limited by shares, domiciled in England and Wales, company number 10559683. The registered office is at Unit 6, Junction 34 Industrial Estate, Greasbro Road, Sheffield, S9 1TN.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	over 5 years
Fixtures and fittings	over 5 years

GA Furnace Engineering Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 July 2025 (continued)

1	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 15 (2024 - 14).

GA Furnace Engineering Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 July 2025 (continued)

3	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Total £
Cost
At 1 March 2024	2,755	69,474	72,229
Additions	5,558	2,130	7,688
At 31 July 2025	8,313	71,604	79,917
Depreciation
At 1 March 2024	769	20,657	21,426
Charge for the period	2,048	14,056	16,104
At 31 July 2025	2,817	34,713	37,530
Carrying amount
At 31 July 2025	5,496	36,891	42,387
At 29 February 2024	1,986	48,817	50,803

4

Debtors

	2025 £	2024 £
Trade debtors	147,710	117,368
Prepayments	35,519	9,253
	183,229	126,621

5

Creditors

		2025 £	2024 £
Due within one year
Bank loans		9,645	9,912
Trade creditors		387,089	321,224
Taxation and social security		59,274	84,782
Accruals and deferred income		153,776	370,075
Other creditors		51,489	25,556
		661,273	811,549