Company Registration No. 13581016 (England and Wales)
GB Maintenance Solutions Ltd
Unaudited accounts
for the year ended 31 August 2023
GB Maintenance Solutions Ltd
Unaudited accounts
Contents
GB Maintenance Solutions Ltd
Company Information
for the year ended 31 August 2023
Directors
Rebecca J Rousseau
Luke A Rousseau
Company Number
13581016 (England and Wales)
Registered Office
158 COLWOOD HOUSE
GARTH ROAD
MORDEN
SM4 4LZ
ENGLAND
Accountants
Hybrid Premium LTD
110 Newbury Gardens
Stoneleigh
Epsom
Surrey
KT19 0PD
GB Maintenance Solutions Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
340,279
196,086
Cash at bank and in hand
1,592,975
907,518
Creditors: amounts falling due within one year
(974,016)
(1,211,315)
Net current assets
1,384,913
505,352
Total assets less current liabilities
1,725,192
701,438
Creditors: amounts falling due after more than one year
(24,465)
(38,644)
Net assets
1,700,727
662,794
Called up share capital
100
100
Profit and loss account
1,700,627
662,694
Shareholders' funds
1,700,727
662,794
For the year ending 31 August 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 20 February 2024 and were signed on its behalf by
Rebecca J Rousseau
Director
Company Registration No. 13581016
GB Maintenance Solutions Ltd
Notes to the Accounts
for the year ended 31 August 2023
GB Maintenance Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 13581016. The registered office is 158 COLWOOD HOUSE, GARTH ROAD, MORDEN, SM4 4LZ, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Reducing Balance
Computer equipment
25% Straight Line (old) and 3 years Straight Line (updated)
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
GB Maintenance Solutions Ltd
Notes to the Accounts
for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
243,665
-
1,981
245,646
Additions
222,569
378
3,078
226,025
Disposals
(19,818)
-
-
(19,818)
At 31 August 2023
446,416
378
5,059
451,853
At 1 September 2022
49,450
-
110
49,560
Charge for the year
68,364
73
1,106
69,543
On disposals
(7,529)
-
-
(7,529)
At 31 August 2023
110,285
73
1,216
111,574
At 31 August 2023
336,131
305
3,843
340,279
At 31 August 2022
194,215
-
1,871
196,086
Amounts falling due within one year
Trade debtors
552,254
452,469
Other debtors
13,700
156,680
Amounts falling due after more than one year
Amounts due from group undertakings etc.
200,000
200,000
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
29,449
39,485
Obligations under finance leases and hire purchase contracts
14,180
14,179
Trade creditors
129,427
28,609
Taxes and social security
269,286
222,311
Other creditors
350,992
765,395
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
24,465
38,644
GB Maintenance Solutions Ltd
Notes to the Accounts
for the year ended 31 August 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
At year-end, Evolve Refurbishments Ltd owed GB Solutions Maintenance Solutions Ltd £200,000.00.
Loan 1 - £150,000, an unsecured loan for 25 years, interest-only rate of 2%
Loan 2 - £50,0000, an unsecured loan for 25 years, interest-only rate of 2%
Evolve refurbishments is 100% controlled by Mr and Mrs Rousseau.
10
Average number of employees
During the year the average number of employees was 23 (2022: 17).