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REGISTERED NUMBER: 03659608 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Generalbond Limited

Generalbond Limited (Registered number: 03659608)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Generalbond Limited

Company Information
for the year ended 31 October 2023







DIRECTORS: Mr R Ball
Mrs A M Ball





SECRETARY: Mrs A M Ball





REGISTERED OFFICE: Three Nooks Farm
Lask Edge
Leek
Staffordshire
ST13 8QT





REGISTERED NUMBER: 03659608 (England and Wales)





ACCOUNTANTS: Bennett Brooks (Leek) Ltd
Cherry Tree Court
Cross Street
Leek
Staffordshire
ST13 6BL

Generalbond Limited (Registered number: 03659608)

Balance Sheet
31 October 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 20,262 18,167

CURRENT ASSETS
Debtors 5 10,000 2,938
Cash at bank 61,932 55,419
71,932 58,357
CREDITORS
Amounts falling due within one year 6 (8,986 ) (7,400 )
NET CURRENT ASSETS 62,946 50,957
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,208

69,124

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 83,206 69,122
83,208 69,124

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by:





Mr R Ball - Director


Generalbond Limited (Registered number: 03659608)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Generalbond 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.

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

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£ £ £
COST
At 1 November 2022 18,040 1,433 19,473
Additions - 2,836 2,836
At 31 October 2023 18,040 4,269 22,309
DEPRECIATION
At 1 November 2022 - 1,306 1,306
Charge for year - 741 741
At 31 October 2023 - 2,047 2,047
NET BOOK VALUE
At 31 October 2023 18,040 2,222 20,262
At 31 October 2022 18,040 127 18,167

Generalbond Limited (Registered number: 03659608)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 10,000 2,938

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Taxation and social security 3,751 4,604
Other creditors 5,235 2,796
8,986 7,400

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£ £
Mr R Ball and Mrs A M Ball
Balance outstanding at start of year 2,938 2,151
Amounts advanced 350 14,000
Amounts repaid (5,439 ) (13,213 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,151 ) 2,938