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REGISTERED NUMBER: 03662347 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 November 2023

for

GB Contracting UK Limited

GB Contracting UK Limited (Registered number: 03662347)

Contents of the Financial Statements
For The Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GB Contracting UK Limited

Company Information
For The Year Ended 30 November 2023







DIRECTORS: Mr G J Banner
Mrs CJ Banner





SECRETARY: Mrs CJ Banner





REGISTERED OFFICE: Hadland House Farm
Hillside Road
Flore
Northampton
NORTHAMPTONSHIRE
NN7 4NR





REGISTERED NUMBER: 03662347 (England and Wales)





ACCOUNTANTS: Harris & Clarke LLP
7 Billing Road
Northampton
NORTHAMPTONSHIRE
NN1 5AN

GB Contracting UK Limited (Registered number: 03662347)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,322 17,042

CURRENT ASSETS
Debtors 5 1,971 2,402
Cash at bank 1,232 19
3,203 2,421
CREDITORS
Amounts falling due within one year 6 21,871 22,780
NET CURRENT LIABILITIES (18,668 ) (20,359 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,346

)

(3,317

)

CREDITORS
Amounts falling due after more than one year 7 2,696 4,597
NET LIABILITIES (7,042 ) (7,914 )

GB Contracting UK Limited (Registered number: 03662347)

Balance Sheet - continued
30 November 2023

2023 2022
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (7,044 ) (7,916 )
SHAREHOLDERS' FUNDS (7,042 ) (7,914 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 11 February 2024 and were signed on its behalf by:





Mr G J Banner - Director


GB Contracting UK Limited (Registered number: 03662347)

Notes to the Financial Statements
For The Year Ended 30 November 2023


1. STATUTORY INFORMATION

GB Contracting UK 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
The turnover shown in the profit and loss account represents amounts receivable for work completed during the year, exclusive of value added tax.

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 etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and investments.

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 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 - 2 ) .

GB Contracting UK Limited (Registered number: 03662347)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 85,531 42,105 465 128,101
DEPRECIATION
At 1 December 2022 70,243 40,572 244 111,059
Charge for year 2,293 383 44 2,720
At 30 November 2023 72,536 40,955 288 113,779
NET BOOK VALUE
At 30 November 2023 12,995 1,150 177 14,322
At 30 November 2022 15,288 1,533 221 17,042

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,971 2,402

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,917 5,551
Trade creditors 595 85
Other creditors 19,359 17,144
21,871 22,780

Included in bank loan and overdrafts is an amount of £432 (2021 £753) relating to the company credit card liability.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 2,696 4,597