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REGISTERED NUMBER: 12005234 (England and Wales)















GB Express Phone Accessories Limited

Unaudited Financial Statements for the Year Ended 31 May 2023






GB Express Phone Accessories Limited (Registered number: 12005234)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GB Express Phone Accessories Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: B Singh





REGISTERED OFFICE: 8 The Ridgeway
Chatham
Kent
ME4 6PD





REGISTERED NUMBER: 12005234 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

GB Express Phone Accessories Limited (Registered number: 12005234)

Statement of Financial Position
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,904 15,178

CURRENT ASSETS
Inventories 2,800 4,500
Debtors 5 81,837 69,937
Cash at bank 3,843 3,112
88,480 77,549
CREDITORS
Amounts falling due within one year 6 72,378 59,993
NET CURRENT ASSETS 16,102 17,556
TOTAL ASSETS LESS CURRENT LIABILITIES 28,006 32,734

CREDITORS
Amounts falling due after more than one
year

7

20,835

30,835
NET ASSETS 7,171 1,899

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7,170 1,898
7,171 1,899

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

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

GB Express Phone Accessories Limited (Registered number: 12005234)

Statement of Financial Position - continued
31 May 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 24 January 2024 and were signed by:





B Singh - Director


GB Express Phone Accessories Limited (Registered number: 12005234)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

GB Express Phone Accessories Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 20% on cost
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.
In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

GB Express Phone Accessories Limited (Registered number: 12005234)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 1,861 28,315 30,176
DEPRECIATION
At 1 June 2022 1,117 13,881 14,998
Charge for year 372 2,902 3,274
At 31 May 2023 1,489 16,783 18,272
NET BOOK VALUE
At 31 May 2023 372 11,532 11,904
At 31 May 2022 744 14,434 15,178

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 81,837 69,937

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 2,472 1,310
Other creditors 59,906 48,683
72,378 59,993

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 20,835 30,835

8. LEASING AGREEMENTS

The company had total commitments under non-cancellable operating leases at the balance sheet date of £20,667 (2021: £36167).