G.S.S. STEVEDORES LIMITED

Company Registration Number:
03888967 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

G.S.S. STEVEDORES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes

G.S.S. STEVEDORES LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 17,986 28,630
Total fixed assets: 17,986 28,630
Current assets
Debtors: 4 127,038 168,827
Cash at bank and in hand: 54,296 5,157
Total current assets: 181,334 173,984
Creditors: amounts falling due within one year: 5 ( 65,350 ) ( 46,706 )
Net current assets (liabilities): 115,984 127,278
Total assets less current liabilities: 133,970 155,908
Creditors: amounts falling due after more than one year: 6 ( 14,303 ) ( 24,193 )
Provision for liabilities: ( 2,245 ) ( 4,192 )
Total net assets (liabilities): 117,422 127,523
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 117,322 127,423
Total Shareholders' funds: 117,422 127,523

The notes form part of these financial statements

G.S.S. STEVEDORES LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 12 March 2024
and signed on behalf of the board by:

Name: K Moore
Status: Director

The notes form part of these financial statements

G.S.S. STEVEDORES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of consideration received or receivable for goods supplied and services rendered, net of discounts and value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost of an asset, less residual value, over the useful economic life of the asset as follows:Plant and Machinery - 20% straight lineMotor Vehicles - 25% straight lineIf there is an indication that there has been a significant change in the depreciation rate, useful life or residual value of the tangible assets, the depreciation policy is revised prospectively to reflect the new estimates.

    Intangible fixed assets amortisation policy

    Amortisation is calculated to write off the asset, less its estimated residual value, over the useful life of the asset.

    Other accounting policies

    Defined Contribution PlansThe pension costs charged in the financial statements represent the contribution payable by the company during the year.

G.S.S. STEVEDORES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 49 51

G.S.S. STEVEDORES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 3,943 2,130 57,665 63,738
Additions 397 397
Disposals
Revaluations
Transfers
At 31 December 2023 3,943 2,527 57,665 64,135
Depreciation
At 1 January 2023 3,244 2,130 29,734 35,108
Charge for year 374 10,667 11,041
On disposals
Other adjustments
At 31 December 2023 3,618 2,130 40,401 46,149
Net book value
At 31 December 2023 325 397 17,264 17,986
At 31 December 2022 699 0 27,931 28,630

G.S.S. STEVEDORES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 125,652 162,274
Other debtors 1,386 6,553
Total 127,038 168,827

G.S.S. STEVEDORES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 10,648 10,648
Trade creditors 1,054 468
Taxation and social security 25,549 3,302
Other creditors 28,099 32,288
Total 65,350 46,706

The bank loan is secured by a fixed and floating charge over the assets of the company.

G.S.S. STEVEDORES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 14,303 24,193
Total 14,303 24,193

The bank loan is secured by a fixed and floating charge over the assets of the company.

G.S.S. STEVEDORES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Loans to directors

The company has a loan outstanding to the director Mr K Moore of £13075 (2022 - £18450) as at the balance sheet date.