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REGISTERED NUMBER: 06881934















REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

GB FOLIAGE LIMITED

GB FOLIAGE LIMITED (Registered number: 06881934)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2023




Page

Company Information 1

Report of the Director 2

Statement of Income and Retained Earnings 3

Statement of Financial Position 4

Notes to the Financial Statements 5


GB FOLIAGE LIMITED

COMPANY INFORMATION
for the Year Ended 30 JUNE 2023







DIRECTOR: D J Gorton





SECRETARY: Mrs T A Gorton





REGISTERED OFFICE: 259 Croydon Road
Beckenham
Kent
BR3 3PS





REGISTERED NUMBER: 06881934





ACCOUNTANTS: HARLEYS
259 Croydon Road
Beckenham
Kent
BR3 3PS

GB FOLIAGE LIMITED (Registered number: 06881934)

REPORT OF THE DIRECTOR
for the Year Ended 30 JUNE 2023

The director presents his report with the financial statements of the company for the year ended 30 June 2023.

DIVIDENDS
Interim dividends per share were paid as follows:
Ordinary £1 shares £72 - 31 March 2023
Ordinary Non-Voting Shares £1 shares £300 - 19 December 2022


The director recommends that no final dividends be paid.

The total distribution of dividends for the year ended 30 June 2023 will be £ 51,000 .

DIRECTOR
D J Gorton held office during the whole of the period from 1 July 2022 to the date of this report.

ON BEHALF OF THE BOARD:





Mrs T A Gorton - Secretary


26 September 2023

GB FOLIAGE LIMITED (Registered number: 06881934)

STATEMENT OF INCOME AND
RETAINED EARNINGS
for the Year Ended 30 JUNE 2023

30.6.23 30.6.22
Notes £    £   

TURNOVER 1,736,052 1,694,729

Cost of sales 1,551,116 1,503,252
GROSS PROFIT 184,936 191,477

Administrative expenses 169,252 156,188
15,684 35,289

Other operating income - 133,294
OPERATING PROFIT 15,684 168,583

Interest receivable and similar income 410 2,712
PROFIT BEFORE TAXATION 4 16,094 171,295

Tax on profit 5 - 29,033
PROFIT FOR THE FINANCIAL YEAR 16,094 142,262

Retained earnings at beginning of year 139,362 52,100

Dividends 6 (51,000 ) (55,000 )

RETAINED EARNINGS AT END OF YEAR 104,456 139,362

GB FOLIAGE LIMITED (Registered number: 06881934)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 30,900 11,980

CURRENT ASSETS
Stocks 8 4,927 3,965
Debtors 9 181,748 206,318
Cash at bank and in hand 293,317 301,633
479,992 511,916
CREDITORS
Amounts falling due within one year 10 405,386 383,484
NET CURRENT ASSETS 74,606 128,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,506

140,412

CAPITAL AND RESERVES
Called up share capital 11 1,050 1,050
Retained earnings 12 104,456 139,362
SHAREHOLDERS' FUNDS 105,506 140,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 26 September 2023 and were signed by:





D J Gorton - Director


GB FOLIAGE LIMITED (Registered number: 06881934)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2023

1. STATUTORY INFORMATION

GB FOLIAGE LIMITED 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.

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.
Motor vehicles - 20% on 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
30.6.23 30.6.22
£    £   
Wages and salaries 127,392 118,758
Social security costs 4,146 6,398
131,538 125,156

The average number of employees during the year was as follows:
30.6.23 30.6.22

Sales 6 5

30.6.23 30.6.22
£    £   
Director's remuneration 20,000 20,000

GB FOLIAGE LIMITED (Registered number: 06881934)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2023

4. PROFIT BEFORE TAXATION

The profit is stated after charging:

30.6.23 30.6.22
£    £   
Depreciation - owned assets 6,802 2,612

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
30.6.23 30.6.22
£    £   
Current tax:
UK corporation tax - 29,033
Tax on profit - 29,033

6. DIVIDENDS
30.6.23 30.6.22
£    £   
Ordinary shares of £1 each
Interim 36,000 40,000
Ordinary Non-Voting Shares shares of £1 each
Interim 15,000 15,000
51,000 55,000

7. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 13,913 16,749 3,431 34,093
Additions - 30,732 - 30,732
Disposals - (16,749 ) - (16,749 )
At 30 June 2023 13,913 30,732 3,431 48,076
DEPRECIATION
At 1 July 2022 7,813 11,739 2,561 22,113
Charge for year 1,100 5,532 170 6,802
Eliminated on disposal - (11,739 ) - (11,739 )
At 30 June 2023 8,913 5,532 2,731 17,176
NET BOOK VALUE
At 30 June 2023 5,000 25,200 700 30,900
At 30 June 2022 6,100 5,010 870 11,980

8. STOCKS
30.6.23 30.6.22
£    £   
Stocks 4,927 3,965

GB FOLIAGE LIMITED (Registered number: 06881934)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2023

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 169,031 197,633
Prepayments and accrued income 12,717 8,685
181,748 206,318

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 95,456 61,375
Tax 28,900 28,900
Social security and other taxes 9,314 8,727
VAT 52,921 64,312
Directors' current accounts 212,987 213,463
Accrued expenses 5,808 6,707
405,386 383,484

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1,000 Ordinary £1 1,000 1,000
50 Ordinary Non-Voting Shares £1 50 50
1,050 1,050

12. RESERVES
Retained
earnings
£   

At 1 July 2022 139,362
Profit for the year 16,094
Dividends (51,000 )
At 30 June 2023 104,456