G And E Projects Limited - Accounts to registrar (filleted) - small 18.2

G And E Projects Limited - Accounts to registrar (filleted) - small 18.2

G AND E PROJECTS LIMITED - Company Information

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REGISTERED NUMBER: 09248458 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2019

FOR

G AND E PROJECTS LIMITED
G AND E PROJECTS LIMITED (REGISTERED NUMBER: 09248458)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G AND E PROJECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2019







DIRECTORS: C Haughton
M Mallon





SECRETARY: V Kelly





REGISTERED OFFICE: 24 Park Road South
Havant
Hampshire
PO9 1HB





REGISTERED NUMBER: 09248458 (England and Wales)





ACCOUNTANTS: Wilkins Kennedy
24 Park Road South
Havant
Hampshire
PO9 1HB
Page 1
G AND E PROJECTS LIMITED (REGISTERED NUMBER: 09248458)

BALANCE SHEET
31ST OCTOBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,249 60,451

CURRENT ASSETS
Stocks 946,957 336,116
Debtors 5 935,208 1,026,873
Cash at bank and in hand 25,197 118,377
1,907,362 1,481,366
CREDITORS
Amounts falling due within one year 6 1,707,234 1,388,825
NET CURRENT ASSETS 200,128 92,541
TOTAL ASSETS LESS CURRENT
LIABILITIES
254,377
152,992

CREDITORS
Amounts falling due after more than one
year
7
113,223
43,581
NET ASSETS 141,154 109,411

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 141,054 109,311
141,154 109,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2019 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th August 2020 and
were signed on its behalf by:




C Haughton - Director


The notes on pages 3 to 5 form part of these financial statements

Page 2
G AND E PROJECTS LIMITED (REGISTERED NUMBER: 09248458)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2019


1. STATUTORY INFORMATION

G And E Projects 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.

The presentation currency of the financial statements is the Pound Sterling (£).


All amounts are rounded to the nearest pound (£).

The financial statements contain information about G and E Projects Limited as an individual company.

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.

Turnover is recognised on sale of goods when goods are delivered to customers and the title, risks and rewards
of ownership have transferred to them.

Turnover is derived from the provision of goods and services for commercial refurbishment and fit-outs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% reducing balance
Fixtures and fittings - 20% reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 20% straight line basis

Stocks
Work in progress on short term contracts is valued at income less costs by reference to the percentage of
completion of the contract. Where it is probable a loss will occur, this is recognised in full.

Financial instruments
Financial instruments are recognised in line with Sections 11 and 12 of FRS 102.

Basic financial instruments, such as bank and cash and loans are initially recognised at transaction price, unless
they constitute a financing arrangement, when the transaction is measured at the present value of the future
receipts/payments discounted at a market rate of interest. Such assets are subsequently carried at amortised
cost using the effective interest rate method.

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


Page 3
G AND E PROJECTS LIMITED (REGISTERED NUMBER: 09248458)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2019


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2018 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2018 79,808
Additions 8,449
At 31st October 2019 88,257
DEPRECIATION
At 1st November 2018 19,357
Charge for year 14,651
At 31st October 2019 34,008
NET BOOK VALUE
At 31st October 2019 54,249
At 31st October 2018 60,451

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 794,797 951,361
Other debtors 140,411 75,512
935,208 1,026,873

Page 4
G AND E PROJECTS LIMITED (REGISTERED NUMBER: 09248458)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2019


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 253,979 72,454
Trade creditors 635,531 737,283
Taxation and social security 263,940 157,478
Other creditors 553,784 421,610
1,707,234 1,388,825

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2019 2018
£    £   
Bank loans 113,223 43,581

8. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Other Creditor 500,923 350,095

As at 31 October 2019, the creditor has fixed and floating charges secured against the assets of the company.

Page 5