IRIS Accounts Production v23.4.0.336 05872639 director 1.8.22 31.7.23 31.7.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058726392022-07-31058726392023-07-31058726392022-08-012023-07-31058726392021-07-31058726392021-08-012022-07-31058726392022-07-3105872639ns14:PoundSterling2022-08-012023-07-3105872639ns10:Director12022-08-012023-07-3105872639ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3105872639ns10:SmallEntities2022-08-012023-07-3105872639ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3105872639ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3105872639ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3105872639ns10:FullAccounts2022-08-012023-07-3105872639ns10:CompanySecretary12022-08-012023-07-3105872639ns10:RegisteredOffice2022-08-012023-07-3105872639ns5:CurrentFinancialInstruments2023-07-3105872639ns5:CurrentFinancialInstruments2022-07-3105872639ns5:ShareCapital2023-07-3105872639ns5:ShareCapital2022-07-3105872639ns5:RetainedEarningsAccumulatedLosses2023-07-3105872639ns5:RetainedEarningsAccumulatedLosses2022-07-3105872639ns5:ComputerEquipment2022-08-012023-07-3105872639ns5:ComputerEquipment2022-07-3105872639ns5:ComputerEquipment2023-07-3105872639ns5:ComputerEquipment2022-07-3105872639ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3105872639ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31
REGISTERED NUMBER: 05872639











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

GB LTD

GB LTD (REGISTERED NUMBER: 05872639)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


GB LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr G Harpa





SECRETARY: Mrs B Harpa





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 05872639





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

GB LTD (REGISTERED NUMBER: 05872639)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69 92

CURRENT ASSETS
Debtors 5 187 330
Cash at bank 2 175
189 505
CREDITORS
Amounts falling due within one year 6 39,043 42,307
NET CURRENT LIABILITIES (38,854 ) (41,802 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(38,785

)

(41,710

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (39,785 ) (42,710 )
SHAREHOLDERS' FUNDS (38,785 ) (41,710 )

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.

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 29 November 2023 and were signed by:





Mr G Harpa - Director


GB LTD (REGISTERED NUMBER: 05872639)

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

1. STATUTORY INFORMATION

GB Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet its liabilities to third parties as and when they fall due. The director will continue to support the company as and when required.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2022
and 31 July 2023 1,629
DEPRECIATION
At 1 August 2022 1,537
Charge for year 23
At 31 July 2023 1,560
NET BOOK VALUE
At 31 July 2023 69
At 31 July 2022 92

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 187 330

GB LTD (REGISTERED NUMBER: 05872639)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 497 3,566
Other creditors 38,546 38,741
39,043 42,307

7. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year, is an interest free amount of £37,838 (2022: £38,011), owed to the director, Mr G Harpa.


8. ULTIMATE CONTROLLING PARTY

During the period under review, the company was under the control of the director, Mr G Harpa, by virtue of his 80% ownership of the issued share capital.