Company registration number: 08256155
Annual report and unaudited financial statements
for the year ended 30 November 2025
for
Gunite and Shotcrete Services Limited
Pages for filing with the Registrar
Company registration number: 08256155
Gunite and Shotcrete Services Limited
Balance sheet
as at 30 November 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 518,947 453,317
518,947 453,317
Current assets
Stocks 91,965 1,000
Debtors 5 1,026,954 594,642
Cash at bank and in hand 281,759 364,640
1,400,678 960,282
Creditors: amounts falling due within one year
6 (682,434) (606,221)
Net current assets 718,244 354,061
Total assets less current liabilities 1,237,191 807,378
Creditors: Amounts falling due after more than one year
7 (176,532) (190,198)
Provisions for liabilities (130,000) (86,000)
NET ASSETS 930,659 531,180
Capital and reserves
Called up share capital 1,001 1,001
Profit and loss account 929,658 530,179
TOTAL EQUITY 930,659 531,180
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 November 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 08256155
Gunite and Shotcrete Services Limited
Balance sheet - continued
as at 30 November 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 27 August 2026 and signed on its behalf by:
Mr J Aveling, Director
27 August 2026
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Gunite and Shotcrete Services Limited
Notes to the financial statements
for the year ended 30 November 2025
1 Company information
Gunite and Shotcrete Services Limited is a private company registered in England and Wales. Its registered number is 08256155. The company is limited by shares. Its registered office is Omega Court, Sheffield, South Yorkshire, S11 8FT.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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.
Fixed assets:
Plant and machinery - 15% reducing balance
Fixtures & fittings - 15% reducing balance
Motor vehicles - 25% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first -in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
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Gunite and Shotcrete Services Limited
Notes to the financial statements - continued
for the year ended 30 November 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 13 (2024 - 12).
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Gunite and Shotcrete Services Limited
Notes to the financial statements - continued
for the year ended 30 November 2025
4 Tangible fixed assets
Fixed assets
£
Cost
At 1 December 2024 808,559
Additions 294,689
Disposals (170,206)
At 30 November 2025 933,042
Depreciation
At 1 December 2024 355,242
Charge for year 133,320
Eliminated on disposal (74,467)
At 30 November 2025 414,095
Net book value
At 30 November 2025 518,947
At 30 November 2024 453,317
5 Debtors
2025 2024
£ £
Trade debtors 784,389 541,542
Taxation 9,465 -
Other debtors 233,100 53,100
1,026,954 594,642
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Gunite and Shotcrete Services Limited
Notes to the financial statements - continued
for the year ended 30 November 2025
6 Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 65,231 93,365
Hire purchase and finance leases 43,354 36,518
Trade creditors 216,062 191,348
Amounts owed to directors 697 313
Other creditors 130,554 93,919
Taxation 159,417 62,739
VAT payable - 98,162
Social security and other tax 63,619 26,857
Accruals and deferred income 3,500 3,000
682,434 606,221
7 Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans 83,614 144,911
Hire purchase and finance leases 92,918 45,287
176,532 190,198
8 Related party transactions
The directors are also shareholders of the company. Dividends paid to the directors, as shareholders of the company, during the year (with the previous year shown in brackets) were as follows: Mr J Aveling £67,000 (£60,000); Mr M Groves £8,350 (£Nil); Mrs N Groves £8,350 (£Nil); Mr D Groves £8,350 (£Nil); Mr P Groves £8,350 (£Nil).
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