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Company Registration No. 12288690 (England and Wales)
GBD Ductwork Ltd Unaudited accounts for the year ended 31 October 2025
GBD Ductwork Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GBD Ductwork Ltd Company Information for the year ended 31 October 2025
Directors
Benjamin David Reed Gavin David Reed Daniel Brian McLeish
Secretary
Benjamin David Reed
Company Number
12288690 (England and Wales)
Registered Office
29 SAXON WAY ROMSEY SO51 5QP ENGLAND
Accountants
N L Accounting (South West) Ltd Unit 7, Town Farm Workshops Sixpenny Handley Salisbury Wiltshire SP5 5PA
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GBD Ductwork Ltd Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
14,841
22,338
Current assets
Inventories
5
47,918
41,291
Debtors
6
4,720
17,984
Cash at bank and in hand
40,970
45,592
93,608
104,867
Creditors: amounts falling due within one year
7
(85,343)
(75,235)
Net current assets
8,265
29,632
Net assets
23,106
51,970
Capital and reserves
Called up share capital
8
3
3
Profit and loss account
23,103
51,967
Shareholders' funds
23,106
51,970
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by
Benjamin David Reed Director Company Registration No. 12288690
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GBD Ductwork Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
GBD Ductwork Ltd is a private company, limited by shares, registered in England and Wales, registration number 12288690. The registered office is 29 SAXON WAY, ROMSEY, SO51 5QP, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories
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.
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:
Plant & machinery
20% Straight Line
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GBD Ductwork Ltd Notes to the Accounts for the year ended 31 October 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 November 2024
3,688
20,000
8,076
31,764
Additions
-
-
258
258
At 31 October 2025
3,688
20,000
8,334
32,022
Depreciation
At 1 November 2024
2,251
4,266
2,909
9,426
Charge for the year
2,590
3,146
2,019
7,755
At 31 October 2025
4,841
7,412
4,928
17,181
Net book value
At 31 October 2025
(1,153)
12,588
3,406
14,841
At 31 October 2024
1,437
15,734
5,167
22,338
5
Inventories
2025
2024
£
£
Work in progress
47,918
41,291
47,918
41,291
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
(720)
3,591
Trade debtors
5,440
14,393
4,720
17,984
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
(865)
5,260
Taxes and social security
50,748
42,810
Other creditors
(198)
(38)
Loans from directors
5,744
4,808
Accruals
29,914
22,395
85,343
75,235
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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