Company Registration No. NI700552 (Northern Ireland)
G C ELECTRICAL BELFAST LTD
Unaudited accounts
for the year ended 31 August 2025
G C ELECTRICAL BELFAST LTD
Unaudited accounts
Contents
G C ELECTRICAL BELFAST LTD
Company Information
for the year ended 31 August 2025
Company Number
NI700552 (Northern Ireland)
Registered Office
139 Oakhurst Avenue
Belfast
County Antrim
BT10 0PD
Northern Ireland
G C ELECTRICAL BELFAST LTD
Statement of financial position
as at 31 August 2025
Intangible assets
20,000
22,500
Tangible assets
38,906
46,875
Cash at bank and in hand
867
8,241
Creditors: amounts falling due within one year
(12,378)
(20,570)
Net current assets
35,737
42,171
Total assets less current liabilities
94,643
111,546
Creditors: amounts falling due after more than one year
(56,449)
(73,534)
Called up share capital
1
1
Profit and loss account
38,193
38,011
Shareholders' funds
38,194
38,012
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 May 2026 and were signed on its behalf by
Gavin Conere
Director
Company Registration No. NI700552
G C ELECTRICAL BELFAST LTD
Notes to the Accounts
for the year ended 31 August 2025
G C ELECTRICAL BELFAST LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI700552. The registered office is 139 Oakhurst Avenue, Belfast, County Antrim, BT10 0PD, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
G C ELECTRICAL BELFAST LTD
Notes to the Accounts
for the year ended 31 August 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill
At 1 September 2024
25,000
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2024
20,000
42,500
62,500
At 31 August 2025
25,000
42,500
67,500
At 1 September 2024
5,000
10,625
15,625
Charge for the year
5,000
7,969
12,969
At 31 August 2025
10,000
18,594
28,594
At 31 August 2025
15,000
23,906
38,906
At 31 August 2024
15,000
31,875
46,875
Amounts falling due within one year
Trade debtors
43,638
50,483
G C ELECTRICAL BELFAST LTD
Notes to the Accounts
for the year ended 31 August 2025
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
2,221
3,429
Loans from directors
9,715
13,965
8
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
56,449
73,534
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).