Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Alastair Miller 01/11/2017 Andrea Louise Miller 17/02/2022 15 April 2024 The principal activity of the company during the financial year was that of cash register sales and maintenance 05947407 2024-03-31 05947407 bus:Director1 2024-03-31 05947407 bus:Director2 2024-03-31 05947407 2023-03-31 05947407 core:CurrentFinancialInstruments 2024-03-31 05947407 core:CurrentFinancialInstruments 2023-03-31 05947407 core:ShareCapital 2024-03-31 05947407 core:ShareCapital 2023-03-31 05947407 core:RetainedEarningsAccumulatedLosses 2024-03-31 05947407 core:RetainedEarningsAccumulatedLosses 2023-03-31 05947407 core:Goodwill 2023-03-31 05947407 core:Goodwill 2024-03-31 05947407 core:PlantMachinery 2023-03-31 05947407 core:Vehicles 2023-03-31 05947407 core:ComputerEquipment 2023-03-31 05947407 core:PlantMachinery 2024-03-31 05947407 core:Vehicles 2024-03-31 05947407 core:ComputerEquipment 2024-03-31 05947407 2022-03-31 05947407 bus:OrdinaryShareClass1 2024-03-31 05947407 bus:OrdinaryShareClass2 2024-03-31 05947407 2023-04-01 2024-03-31 05947407 bus:FilletedAccounts 2023-04-01 2024-03-31 05947407 bus:SmallEntities 2023-04-01 2024-03-31 05947407 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05947407 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05947407 bus:Director1 2023-04-01 2024-03-31 05947407 bus:Director2 2023-04-01 2024-03-31 05947407 core:Goodwill core:TopRangeValue 2023-04-01 2024-03-31 05947407 core:PlantMachinery 2023-04-01 2024-03-31 05947407 core:Vehicles 2023-04-01 2024-03-31 05947407 core:ComputerEquipment core:TopRangeValue 2023-04-01 2024-03-31 05947407 2022-04-01 2023-03-31 05947407 core:Goodwill 2023-04-01 2024-03-31 05947407 core:ComputerEquipment 2023-04-01 2024-03-31 05947407 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 05947407 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 05947407 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 05947407 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05947407 (England and Wales)

G & B CASH REGISTERS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

G & B CASH REGISTERS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

G & B CASH REGISTERS LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
G & B CASH REGISTERS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS Alastair Miller
Andrea Louise Miller
REGISTERED OFFICE Unit 9
Evans Business Centre
Great North Way
York Business Park
York
YO26 6RB
United Kingdom
COMPANY NUMBER 05947407 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
G & B CASH REGISTERS LIMITED

BALANCE SHEET

As at 31 March 2024
G & B CASH REGISTERS LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 40,000 45,000
Tangible assets 4 10,999 14,045
50,999 59,045
Current assets
Stocks 4,275 4,950
Debtors 5 25,253 27,798
Cash at bank and in hand 6 34,581 24,579
64,109 57,327
Creditors: amounts falling due within one year 7 ( 101,669) ( 101,397)
Net current liabilities (37,560) (44,070)
Total assets less current liabilities 13,439 14,975
Provision for liabilities 8 ( 2,090) 0
Net assets 11,349 14,975
Capital and reserves
Called-up share capital 9 1,000 1,000
Profit and loss account 10,349 13,975
Total shareholders' funds 11,349 14,975

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of G & B Cash Registers Limited (registered number: 05947407) were approved and authorised for issue by the Board of Directors on 15 April 2024. They were signed on its behalf by:

Alastair Miller
Director
G & B CASH REGISTERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
G & B CASH REGISTERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

G & B Cash Registers Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 9, Evans Business Centre, Great North Way, York Business Park, York, YO26 6RB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2023 50,000 50,000
At 31 March 2024 50,000 50,000
Accumulated amortisation
At 01 April 2023 5,000 5,000
Charge for the financial year 5,000 5,000
At 31 March 2024 10,000 10,000
Net book value
At 31 March 2024 40,000 40,000
At 31 March 2023 45,000 45,000

4. Tangible assets

Plant and machinery Vehicles Computer equipment Total
£ £ £ £
Cost
At 01 April 2023 550 17,390 300 18,240
Additions 0 0 592 592
At 31 March 2024 550 17,390 892 18,832
Accumulated depreciation
At 01 April 2023 110 3,985 100 4,195
Charge for the financial year 88 3,351 199 3,638
At 31 March 2024 198 7,336 299 7,833
Net book value
At 31 March 2024 352 10,054 593 10,999
At 31 March 2023 440 13,405 200 14,045

5. Debtors

2024 2023
£ £
Trade debtors 24,211 27,120
Other debtors 1,042 678
25,253 27,798

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 34,581 24,579

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,818 1,271
Taxation and social security 13,733 13,600
Other creditors 86,118 86,526
101,669 101,397

8. Deferred tax

2024 2023
£ £
At the beginning of financial year 0 0
Charged to the Statement of Income and Retained Earnings ( 2,090) 0
At the end of financial year ( 2,090) 0

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
500 Ordinary A shares of £ 1.00 each 500 500
500 Ordinary B shares of £ 1.00 each 500 500
1,000 1,000