Registered number
12554513
G B Plans Ltd
Filleted Accounts
31 May 2023
G B Plans Ltd
Registered number: 12554513
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 1,597 120
Cash at bank and in hand 20,905 21,256
22,502 21,376
Creditors: amounts falling due within one year 4 (20,783) (10,858)
Net current assets 1,719 10,518
Net assets 1,719 10,518
Capital and reserves
Called up share capital 10 1
Profit and loss account 1,709 10,517
Shareholder's funds 1,719 10,518
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Bainbridge
Director
Approved by the board on 27 September 2023
G B Plans Ltd
Notes to the Accounts
for the period from 1 May 2022 to 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
Creditors
Short term creditors are measured at transaction price (which is the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Trade debtors - 120
Other debtors 1,597 -
1,597 120
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 498 360
Taxation and social security costs - 1,631
Other creditors 20,285 8,867
20,783 10,858
5 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
G Bainbridge
Directors loan account 8,867 (6,593) 18,016 20,290
8,867 (6,593) 18,016 20,290
6 Controlling party
The company is controlled by its director.
7 Other information
G B Plans Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 High Street
Stanley
Co Durham
DH9 0DQ
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