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REGISTERED NUMBER: 10290995 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

G & S ROBERTS LTD

G & S ROBERTS LTD (REGISTERED NUMBER: 10290995)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G & S ROBERTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: G Roberts





REGISTERED OFFICE: 18 Heol Llwynffynon
Llangeinor
Bridgend
CF32 8PR





REGISTERED NUMBER: 10290995 (England and Wales)





ACCOUNTANTS: DAVID WRIGHT ACCOUNTANTS LIMITED
Unit 10
Bridgend Business Park
Bennett Street
Bridgend
Glamorgan
CF31 3SH

G & S ROBERTS LTD (REGISTERED NUMBER: 10290995)

BALANCE SHEET
31 JULY 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 225,234 198,794

CURRENT ASSETS
Stocks 4,000 5,000
Debtors 5 2,116 2,448
Cash at bank and in hand 40,213 13,560
46,329 21,008
CREDITORS
Amounts falling due within one year 6 79,643 37,158
NET CURRENT LIABILITIES (33,314 ) (16,150 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,920

182,644

CREDITORS
Amounts falling due after more than one year 7 (94,811 ) (108,205 )

PROVISIONS FOR LIABILITIES (11,309 ) (8,123 )
NET ASSETS 85,800 66,316

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 85,798 66,314
85,800 66,316

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

G & S ROBERTS LTD (REGISTERED NUMBER: 10290995)

BALANCE SHEET - continued
31 JULY 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 2 April 2024 and were signed by:





G Roberts - Director


G & S ROBERTS LTD (REGISTERED NUMBER: 10290995)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

G & S Roberts Ltd 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.

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 etc - 33% on cost and 15% on cost

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

Taxation
Taxation for the year 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 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.

G & S ROBERTS LTD (REGISTERED NUMBER: 10290995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 154,879 89,272 244,151
Additions 15,000 24,896 39,896
At 31 July 2023 169,879 114,168 284,047
DEPRECIATION
At 1 August 2022 6,005 39,352 45,357
Charge for year 1,452 12,004 13,456
At 31 July 2023 7,457 51,356 58,813
NET BOOK VALUE
At 31 July 2023 162,422 62,812 225,234
At 31 July 2022 148,874 49,920 198,794

G & S ROBERTS LTD (REGISTERED NUMBER: 10290995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 26,330
DEPRECIATION
At 1 August 2022 3,840
Charge for year 5,623
At 31 July 2023 9,463
NET BOOK VALUE
At 31 July 2023 16,867
At 31 July 2022 22,490

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Other debtors 2,116 2,448

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Bank loans and overdrafts 5,000 3,645
Hire purchase contracts 4,259 3,977
Trade creditors 45,297 8,429
Taxation and social security 11,965 11,635
Other creditors 13,122 9,472
79,643 37,158

G & S ROBERTS LTD (REGISTERED NUMBER: 10290995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/23 31/7/22
£    £   
Bank loans 32,965 42,099
Hire purchase contracts 11,846 16,106
Other creditors 50,000 50,000
94,811 108,205

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs 12,965 19,184