Gad New Build Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11195521 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

GAD NEW BUILD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Ruyssevelt

A P Ruyssevelt

SECRETARY:

Mrs G Ruyssevelt

REGISTERED OFFICE:

47 Charingworth Drive

Hatton Park

Warwick

Warwickshire

CV35 7SY

REGISTERED NUMBER:

11195521 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Tangible assets

4

48,173

25,985

Investments

5

50

48,223

26,035

CURRENT ASSETS

Stocks

312,130

283,352

Debtors

6

132,167

131,078

Cash at bank

27,980

894

472,277

415,324

CREDITORS

Amounts falling due within one year

7

263,989

261,156

NET CURRENT ASSETS

208,288

154,168

TOTAL ASSETS LESS CURRENT
LIABILITIES

256,511

180,203

CREDITORS

Amounts falling due after more than one
year

8

(29,398

)

(3,531

)

PROVISIONS FOR LIABILITIES

(1,108

)

(4,123

)

NET ASSETS

226,005

172,549

CAPITAL AND RESERVES

Called up share capital

120

Retained earnings

225,885

172,429

SHAREHOLDERS' FUNDS

226,005

172,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2026 and were signed on its behalf by:

A P Ruyssevelt - Director

1.	STATUTORY INFORMATION

Gad New Build Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 February 2025

3,424

62,754

3,302

69,480

Additions

-

45,044

-

45,044

Disposals

-

(28,643

)

-

(28,643

)

At 31 January 2026

3,424

79,155

3,302

85,881

DEPRECIATION

At 1 February 2025

3,424

36,769

3,302

43,495

Charge for year

-

16,058

-

16,058

Eliminated on disposal

-

(21,845

)

-

(21,845

)

At 31 January 2026

3,424

30,982

3,302

37,708

NET BOOK VALUE

At 31 January 2026

-

48,173

-

48,173

At 31 January 2025

-

25,985

-

25,985

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

45,044

At 31 January 2026

45,044

DEPRECIATION

Charge for year

11,261

At 31 January 2026

11,261

NET BOOK VALUE

At 31 January 2026

33,783

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 February 2025

and 31 January 2026

50

NET BOOK VALUE

At 31 January 2026

50

At 31 January 2025

50

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Amounts owed by group undertakings

131,068

Other debtors

1,099

10

132,167

131,078

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

3,531

11,058

Hire purchase contracts

1,724

-

Taxation and social security

25,175

6,179

Other creditors

233,559

243,919

263,989

261,156

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Bank loans

-

3,531

Hire purchase contracts

29,398

-

29,398

3,531

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Hire purchase contracts

31,122

-

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

2026

2025

£

A P Ruyssevelt

Balance outstanding at start of year

-

441

Amounts repaid

-

(441

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

The company performs work for joint venture's that A P Ruyssevelt (director) is connected with, the total amount charged during the year was £nil (2025 £5,071). At 31 January 2026 and 2025 no amounts were owed to the company for this work.

11.	RELATED PARTY DISCLOSURES

At 31 January 2026 other creditors include loans made to the company by A P Ruyssevelt (director) amounting to £205,207 (2025 £232,895). The loans are subject to interest and £5,319 was paid during the year (2025 £3,669).

12.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.