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REGISTERED NUMBER: 05655865 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023

FOR

GARY CREEK LIMITED

GARY CREEK LIMITED (REGISTERED NUMBER: 05655865)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GARY CREEK LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023







DIRECTOR: G T Creek





SECRETARY:





REGISTERED OFFICE: 50 Northampton Road
Bromham
Bedford
Bedfordshire
MK43 8PD





REGISTERED NUMBER: 05655865 (England and Wales)





ACCOUNTANTS: Bayler Wood Associates Ltd
Chartered Certified Accountants
2 Church Lane
Walgrave
Northamptonshire
NN6 9QH

GARY CREEK LIMITED (REGISTERED NUMBER: 05655865)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 4,000
Tangible assets 5 - 14,538
- 18,538

CURRENT ASSETS
Stocks 6 - 22,500
Debtors 7 47,635 4,426
Cash at bank 97,617 2,252
145,252 29,178
CREDITORS
Amounts falling due within one year 8 75,414 53,808
NET CURRENT ASSETS/(LIABILITIES) 69,838 (24,630 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,838

(6,092

)

CREDITORS
Amounts falling due after more than one
year

9

-

(5,911

)

PROVISIONS FOR LIABILITIES - (2,762 )
NET ASSETS/(LIABILITIES) 69,838 (14,765 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 69,837 (14,766 )
SHAREHOLDERS' FUNDS 69,838 (14,765 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GARY CREEK LIMITED (REGISTERED NUMBER: 05655865)

BALANCE SHEET - continued
31 MARCH 2023


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 director and authorised for issue on 11 September 2023 and were signed by:





G T Creek - Director


GARY CREEK LIMITED (REGISTERED NUMBER: 05655865)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

Gary Creek 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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 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 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.

GARY CREEK LIMITED (REGISTERED NUMBER: 05655865)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2021 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022 20,000
Disposals (20,000 )
At 31 March 2023 -
AMORTISATION
At 1 January 2022 16,000
Amortisation for period 1,250
Eliminated on disposal (17,250 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 December 2021 4,000

GARY CREEK LIMITED (REGISTERED NUMBER: 05655865)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2022 11,558 24,053 1,052 36,663
Additions - - 982 982
Disposals (11,558 ) (24,053 ) (2,034 ) (37,645 )
At 31 March 2023 - - - -
DEPRECIATION
At 1 January 2022 11,451 9,622 1,052 22,125
Charge for period 86 6,013 137 6,236
Eliminated on disposal (11,537 ) (15,635 ) (1,189 ) (28,361 )
At 31 March 2023 - - - -
NET BOOK VALUE
At 31 March 2023 - - - -
At 31 December 2021 107 14,431 - 14,538

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2022 24,053
Disposals (24,053 )
At 31 March 2023 -
DEPRECIATION
At 1 January 2022 9,622
Charge for period 6,013
Eliminated on disposal (15,635 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 December 2021 14,431

6. STOCKS
31.3.23 31.12.21
£    £   
Stock and Work-in-progress - 22,500

GARY CREEK LIMITED (REGISTERED NUMBER: 05655865)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.12.21
£    £   
Trade debtors 47,635 -
VAT - 4,426
47,635 4,426

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.12.21
£    £   
Hire purchase contracts 4,345 5,500
Trade creditors 38,625 11,130
Social security and other taxes 28,241 890
VAT 478 -
Directors loan account 2,125 29,138
Sundry creditors and accruals 1,600 7,150
75,414 53,808

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.12.21
£    £   
Hire purchase contracts - 5,911

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.12.21
value: £    £   
1 Ordinary £1 1 1