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REGISTERED NUMBER: 09055835 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

GND TRANSPORT LTD

GND TRANSPORT LTD (REGISTERED NUMBER: 09055835)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GND TRANSPORT LTD

Company Information
for the Year Ended 31 May 2023







DIRECTOR: S S Kahlon





REGISTERED OFFICE: 3 Stowmans Close
Sedgmoorpark
Bilston
Wolverhampton
West Midlands
WV14 9YB





REGISTERED NUMBER: 09055835 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

GND TRANSPORT LTD (REGISTERED NUMBER: 09055835)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,180 36,408

CURRENT ASSETS
Debtors 5 10,434 8,006
Cash at bank 41,263 66,459
51,697 74,465
CREDITORS
Amounts falling due within one year 6 20,582 38,368
NET CURRENT ASSETS 31,115 36,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,295

72,505

CREDITORS
Amounts falling due after more than one year 7 23,823 32,565
NET ASSETS 35,472 39,940

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 35,471 39,939
SHAREHOLDERS' FUNDS 35,472 39,940

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.

GND TRANSPORT LTD (REGISTERED NUMBER: 09055835)

Balance Sheet - 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 4 December 2023 and were signed by:





S S Kahlon - Director


GND TRANSPORT LTD (REGISTERED NUMBER: 09055835)

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

1. STATUTORY INFORMATION

GND Transport 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 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 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.

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 2 (2022 - 3 ) .

GND TRANSPORT LTD (REGISTERED NUMBER: 09055835)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 56,704
Additions 1,165
At 31 May 2023 57,869
DEPRECIATION
At 1 June 2022 20,296
Charge for year 9,393
At 31 May 2023 29,689
NET BOOK VALUE
At 31 May 2023 28,180
At 31 May 2022 36,408

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,334 6,106
Other debtors 3,100 1,900
10,434 8,006

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,619 417
Tax 1,061 1,881
Social security and other taxes 48 194
VAT 2,498 6,504
Other creditors 2,590 1,402
Directors' current accounts 11,766 27,970
20,582 38,368

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yr by instal 23,823 32,565

GND TRANSPORT LTD (REGISTERED NUMBER: 09055835)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 23,823 32,565

8. RESERVES
Retained
earnings
£   

At 1 June 2022 39,939
Deficit for the year (4,468 )
At 31 May 2023 35,471

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S S Kahlon.