Gkl Building & Civil Engineering Ltd - Accounts to registrar (filleted) - small 23.2.5
Gkl Building & Civil Engineering Ltd - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023 |
| FOR |
| GKL BUILDING & CIVIL ENGINEERING LTD |
| GKL BUILDING & CIVIL ENGINEERING LTD (REGISTERED NUMBER: 07272683) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| GKL BUILDING & CIVIL ENGINEERING LTD |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 4 Office Village |
| Forder Way |
| Cygnet Park, Hampton |
| Peterborough |
| Cambridgeshire |
| PE7 8GX |
| GKL BUILDING & CIVIL ENGINEERING LTD (REGISTERED NUMBER: 07272683) |
| STATEMENT OF FINANCIAL POSITION |
| 31 MARCH 2023 |
| 2023 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| GKL BUILDING & CIVIL ENGINEERING LTD (REGISTERED NUMBER: 07272683) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 MARCH 2023 |
| 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 |
| GKL BUILDING & CIVIL ENGINEERING LTD (REGISTERED NUMBER: 07272683) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023 |
| 1. | STATUTORY INFORMATION |
| GKL Building & Civil Engineering Ltd is a private limited company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below: |
| Registered Number: 07272683 |
| Registered office: Unit 2, Varity Park, Vicarage Farm Road, Peterborough, PE1 5GU |
| The presentation currency is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover and other income represents value of sales made, excluding value added tax and is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the previously agreed upon payment. |
| Property, plant and equipment |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| 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. |
| Taxation |
| Taxation for the period 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 statement of financial position date. |
| GKL BUILDING & CIVIL ENGINEERING LTD (REGISTERED NUMBER: 07272683) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023 |
| 3. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 statement of financial position. 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 the income statement over the relevant period. The capital element of the future payments is treated as a liability. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL (2021 - NIL). |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and | Motor | Computer |
| machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2022 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 March 2023 |
| DEPRECIATION |
| At 1 January 2022 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 March 2023 |
| NET BOOK VALUE |
| At 31 March 2023 |
| At 31 December 2021 |
| GKL BUILDING & CIVIL ENGINEERING LTD (REGISTERED NUMBER: 07272683) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2022 |
| Additions |
| At 31 March 2023 |
| DEPRECIATION |
| At 1 January 2022 |
| Charge for period |
| At 31 March 2023 |
| NET BOOK VALUE |
| At 31 March 2023 |
| At 31 December 2021 |
| 6. | STOCKS |
| 2023 | 2021 |
| £ | £ |
| Stocks |
| Work-in-progress |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2021 |
| £ | £ |
| Trade debtors |
| Amounts owed by connected companies |
| Tax |
| Prepayments |
| Accrued income |
| GKL BUILDING & CIVIL ENGINEERING LTD (REGISTERED NUMBER: 07272683) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2021 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Amounts owed to connected companies | 353,657 | 409,857 |
| Corporation tax |
| Social security and other taxes |
| VAT | 45,700 | 20,781 |
| Other creditors |
| Accruals |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2023 | 2021 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Hire purchase contracts |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2023 | 2021 |
| £ | £ |
| Hire purchase contracts | 37,324 | 90,966 |
| There is an unlimited omnibus guarantee and set off agreement in respect of the liabilities now or hereafter, owing or incurred form or by GKL Holding, GKL Building and Civil Engineering Limited, GKL Northern Limited and College Street Properties Limited. |
| 11. | PROVISIONS FOR LIABILITIES |
| 2023 | 2021 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Provisions for liabilities | 53,016 | 53,016 |
| Deferred | Other |
| tax | provisions |
| £ | £ |
| Balance at 1 January 2022 |
| Provided during period |
| Balance at 31 March 2023 |
| GKL BUILDING & CIVIL ENGINEERING LTD (REGISTERED NUMBER: 07272683) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2021 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| Ordinary A | £1 | 10 | 10 |
| Ordinary B | £1 | 10 | 10 |
| Ordinary C | £1 | 10 | 10 |
| Ordinary D | £1 | 10 | 10 |
| 140 | 140 |
| 13. | OTHER FINANCIAL COMMITMENTS |
| Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £16,000 (2021: £16,000). |
| 14. | ULTIMATE CONTROLLING PARTY |
| The controlling party is E M Killoughery by virtue of their share of the ownership of the issued ordinary share capital. |