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REGISTERED NUMBER: 05432231 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2023

for

GCRL Limited

GCRL Limited (Registered number: 05432231)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

GCRL Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: G Cardwell
Mrs W C Palmer
Mrs E L Milne





REGISTERED OFFICE: The Granary
Crowhill Farm
Ravensden Road
Wilden, Bedford
Bedfordshire
MK44 2QS





REGISTERED NUMBER: 05432231 (England and Wales)





ACCOUNTANTS: GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS

GCRL Limited (Registered number: 05432231)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,554 1,642

CURRENT ASSETS
Debtors 5 21,309 30,902

CREDITORS
Amounts falling due within one year 6 21,908 31,890
NET CURRENT LIABILITIES (599 ) (988 )
TOTAL ASSETS LESS CURRENT LIABILITIES 955 654

PROVISIONS FOR LIABILITIES 7 320 312
NET ASSETS 635 342

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 435 142
SHAREHOLDERS' FUNDS 635 342

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 directors acknowledge their 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 Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by:





G Cardwell - Director


GCRL Limited (Registered number: 05432231)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

GCRL 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.

There were no material departures from that standard.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from management fees are recognised on a monthly basis.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Fixtures & Fittings - 25% 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.

Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to profit and loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

GCRL Limited (Registered number: 05432231)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2022 18,116
Additions 841
Disposals (13,292 )
At 30 June 2023 5,665
DEPRECIATION
At 1 July 2022 16,474
Charge for year 403
Eliminated on disposal (12,766 )
At 30 June 2023 4,111
NET BOOK VALUE
At 30 June 2023 1,554
At 30 June 2022 1,642

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Directors' current accounts 20,482 30,520
Prepayments 827 382
21,309 30,902

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 5,478 3,654
Trade creditors 3,057 2,226
Tax 4,345 15,799
Social security and other taxes 514 1,277
VAT 5,494 6,119
Accrued expenses 3,020 2,815
21,908 31,890

7. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 320 312

Deferred
tax
£   
Balance at 1 July 2022 312
Accelerated capital allowances 8
Balance at 30 June 2023 320

GCRL Limited (Registered number: 05432231)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. PROVISIONS FOR LIABILITIES - continued

The net reversal of expected deferred tax liabilities expected to occur in the next 12 months is £107.

At the balance sheet date the company had a £320 deferred tax liability (2022 - £312) relating to accelerated capital allowances.

Factors that may affect future tax charges

An increase in the future main corporation tax rate to 25% from 1 April 2023, from the previously enacted 19% was announced in the budget on 3 March 2021, and substantively enacted on 24 May 2021. The deferred tax balance at the year end has been calculated based on the rate at which the provision is expected to unwind.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
200 Ordinary Shares 1 200 200

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
G Cardwell
Balance outstanding at start of year 30,520 24,984
Amounts advanced 58,155 30,520
Amounts repaid (68,193 ) (24,984 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,482 30,520

10. RELATED PARTY DISCLOSURES

The amount outstanding at the year-end due from Mr G Cardwell was £20,482 (2022 - £30,520).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
GCRL Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GCRL Limited for the year ended 30 June 2023 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of GCRL Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GCRL Limited and state those matters that we have agreed to state to the Board of Directors of GCRL Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GCRL Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that GCRL Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GCRL Limited. You consider that GCRL Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GCRL Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS


12 March 2024