IRIS Accounts Production v23.4.0.336 05286274 Board of Directors Board of Directors Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052862742022-12-31052862742023-12-31052862742023-01-012023-12-31052862742021-12-31052862742022-01-012022-12-31052862742022-12-3105286274ns15:EnglandWales2023-01-012023-12-3105286274ns14:PoundSterling2023-01-012023-12-3105286274ns10:Director12023-01-012023-12-3105286274ns10:Director22023-01-012023-12-3105286274ns10:Director32023-01-012023-12-3105286274ns10:Director42023-01-012023-12-3105286274ns10:CompanyLimitedByGuarantee2023-01-012023-12-3105286274ns10:SmallEntities2023-01-012023-12-3105286274ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3105286274ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105286274ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105286274ns10:FullAccounts2023-01-012023-12-3105286274ns10:CompanySecretary12023-01-012023-12-3105286274ns10:RegisteredOffice2023-01-012023-12-3105286274ns5:CurrentFinancialInstruments2023-12-3105286274ns5:CurrentFinancialInstruments2022-12-3105286274ns5:RetainedEarningsAccumulatedLosses2023-12-3105286274ns5:RetainedEarningsAccumulatedLosses2022-12-3105286274ns5:LandBuildings2022-12-3105286274ns5:PlantMachinery2022-12-3105286274ns5:LandBuildings2023-01-012023-12-3105286274ns5:PlantMachinery2023-01-012023-12-3105286274ns5:LandBuildings2023-12-3105286274ns5:PlantMachinery2023-12-3105286274ns5:LandBuildings2022-12-3105286274ns5:PlantMachinery2022-12-3105286274ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3105286274ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 05286274 (England and Wales)










Unaudited Financial Statements

For The Year Ended 31 December 2023

for

GCS Club Limited

GCS Club Limited (Registered number: 05286274)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GCS Club Limited

Company Information
For The Year Ended 31 December 2023







DIRECTORS: M W Blandford
B W Boon
J C Harper
G M Rendall





SECRETARY: B W Boon





REGISTERED OFFICE: Greenbank
100 Tewesbury Road
Longford
Gloucester
GL2 9BT





REGISTERED NUMBER: 05286274 (England and Wales)





ACCOUNTANTS: Kingscott Dix Limited
Chartered Accountants
Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN

GCS Club Limited (Registered number: 05286274)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,703 31,492

CURRENT ASSETS
Stocks 13,546 6,102
Debtors 5 593 570
Cash at bank and in hand 25,762 32,318
39,901 38,990
CREDITORS
Amounts falling due within one year 6 668 600
NET CURRENT ASSETS 39,233 38,390
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,936

69,882

RESERVES
Income and expenditure account 69,936 69,882
69,936 69,882

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

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

The directors acknowledge their 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 surplus or deficit 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2024 and were signed on its behalf by:



B W Boon - Director G M Rendall - Director



J C Harper - Director M W Blandford - Director


GCS Club Limited (Registered number: 05286274)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

GCS Club Limited is a private company, limited by guarantee , 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.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings 2% straight line
Plant and machinery 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

GCS Club Limited (Registered number: 05286274)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year. If not, they are presented as creditors falling due after more than one year. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


GCS Club Limited (Registered number: 05286274)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 40,212 57,618 97,830
Additions - 2,350 2,350
At 31 December 2023 40,212 59,968 100,180
DEPRECIATION
At 1 January 2023 18,776 47,562 66,338
Charge for year 625 2,514 3,139
At 31 December 2023 19,401 50,076 69,477
NET BOOK VALUE
At 31 December 2023 20,811 9,892 30,703
At 31 December 2022 21,436 10,056 31,492

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 593 570

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 8 -
Other creditors 660 600
668 600