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Company Registration No. 07896663 (England and Wales)
GBC&T Ltd Unaudited accounts for the year ended 31 March 2023
GBC&T Ltd Unaudited accounts Contents
Page
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GBC&T Ltd Company Information for the year ended 31 March 2023
Director
Gillian Ann Bowles
Company Number
07896663 (England and Wales)
Registered Office
43 Cornerswell Road Penarth CF64 2UX
Accountants
Evans Entwistle Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of GBC&T Ltd for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GBC&T Ltd for the year ended 31 March 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH 7 November 2023
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GBC&T Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
- 
398 
Creditors: amounts falling due within one year
(840)
(840)
Net current liabilities
(840)
(442)
Total assets less current liabilities
(840)
(442)
Creditors: amounts falling due after more than one year
(2,151)
(2,015)
Net liabilities
(2,991)
(2,457)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(3,091)
(2,557)
Shareholders' funds
(2,991)
(2,457)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 November 2023 and were signed on its behalf by
Gillian Ann Bowles Director Company Registration No. 07896663
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GBC&T Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
GBC&T Ltd is a private company, limited by shares, registered in England and Wales, registration number 07896663. The registered office is 43 Cornerswell Road, Penarth, CF64 2UX. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Accruals
840 
840 
5
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
2,151 
2,015 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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