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REGISTERED NUMBER: 10150298 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Gary Lodge Tankers Ltd

Gary Lodge Tankers Ltd (Registered number: 10150298)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Gary Lodge Tankers Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr G A Lodge





REGISTERED OFFICE: 64 Rectory Lane
Thurnscoe
Rotherham
South Yorkshire
S63 0RS





REGISTERED NUMBER: 10150298 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Gary Lodge Tankers Ltd (Registered number: 10150298)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,066,341 1,203,798

CURRENT ASSETS
Stocks 12,000 12,000
Debtors 6 675,798 289,835
Cash at bank and in hand 6,376 51,540
694,174 353,375
CREDITORS
Amounts falling due within one year 7 (1,270,680 ) (971,734 )
NET CURRENT LIABILITIES (576,506 ) (618,359 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,489,835

585,439

CREDITORS
Amounts falling due after more than one
year

8

(871,420

)

(322,574

)
NET ASSETS 618,415 262,865

CAPITAL AND RESERVES
Called up share capital 9 1 1
Fair value reserve 10 100,000 -
Retained earnings 518,414 262,864
SHAREHOLDERS' FUNDS 618,415 262,865

Gary Lodge Tankers Ltd (Registered number: 10150298)

Balance Sheet - continued
30 April 2024


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 July 2024 and were signed by:





Mr G A Lodge - Director


Gary Lodge Tankers Ltd (Registered number: 10150298)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Gary Lodge Tankers Ltd 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 and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 25% on reducing balance

All fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Gary Lodge Tankers Ltd (Registered number: 10150298)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 14 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 416,232 1,282,749 1,698,981
Additions - 981,782 981,782
Revaluations 100,000 - 100,000
At 30 April 2024 516,232 2,264,531 2,780,763
DEPRECIATION
At 1 May 2023 1,896 493,287 495,183
Charge for year 1,434 217,805 219,239
At 30 April 2024 3,330 711,092 714,422
NET BOOK VALUE
At 30 April 2024 512,902 1,553,439 2,066,341
At 30 April 2023 414,336 789,462 1,203,798

Cost or valuation at 30 April 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 100,000 - 100,000
Cost 416,232 2,264,531 2,680,763
516,232 2,264,531 2,780,763

Gary Lodge Tankers Ltd (Registered number: 10150298)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS - continued

If the land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 416,232 416,232
Aggregate depreciation 3,330 1,896

Value of land in freehold land and buildings 412,902 414,336

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 617,079 286,995
Amounts owed by group undertakings 38,641 -
Other debtors 20,078 2,840
675,798 289,835

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 561,966 201,879
Hire purchase contracts 436,524 236,825
Trade creditors 212,594 72,039
Amounts owed to group undertakings 36,015 -
Taxation and social security 18,984 90,106
Other creditors 4,597 370,885
1,270,680 971,734

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 871,420 322,574

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

Gary Lodge Tankers Ltd (Registered number: 10150298)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. RESERVES
Fair
value
reserve
£   
SoCIE line item with acc967/31 100,000

At 30 April 2024 100,000