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Company Registration No. 04152846 (England and Wales)
GPA Finance Limited Filleted accounts for the year ended 28 February 2023
GPA Finance Limited Filleted accounts Contents
Page
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GPA Finance Limited Company Information for the year ended 28 February 2023
Directors
Mr Satvinder Singh Matharu Harjinder Kaur Matharu
Company Number
04152846 (England and Wales)
Registered Office
394 Dudley Road Birmingham West Midlands B18 4HH
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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GPA Finance Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
650,306 
650,360 
Current assets
Debtors
160,000 
70,000 
Cash at bank and in hand
360,695 
420,705 
520,695 
490,705 
Creditors: amounts falling due within one year
(7,348)
(6,272)
Net current assets
513,347 
484,433 
Total assets less current liabilities
1,163,653 
1,134,793 
Creditors: amounts falling due after more than one year
(858,711)
(850,830)
Net assets
304,942 
283,963 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
303,942 
282,963 
Shareholders' funds
304,942 
283,963 
For the year ending 28 February 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 directors acknowledge their 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 of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by
Mr Satvinder Singh Matharu Director Company Registration No. 04152846
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GPA Finance Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
GPA Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 04152846. The registered office is 394 Dudley Road, Birmingham, West Midlands, B18 4HH.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Fixtures & fittings
15% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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GPA Finance Limited Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
650,000 
6,000 
656,000 
At 28 February 2023
650,000 
6,000 
656,000 
Depreciation
At 1 March 2022
- 
5,640 
5,640 
Charge for the year
- 
54 
54 
At 28 February 2023
- 
5,694 
5,694 
Net book value
At 28 February 2023
650,000 
306 
650,306 
At 28 February 2022
650,000 
360 
650,360 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
60,000 
60,000 
Other debtors
15,000 
10,000 
75,000 
70,000 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
85,000 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,674 
- 
Taxes and social security
5,338 
5,361 
Other creditors
- 
575 
Accruals
336 
336 
7,348 
6,272 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
858,711 
850,830 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Average number of employees
During the year the average number of employees was 2 (2022: 3).
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