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REGISTERED NUMBER: 12115946 (England and Wales)







Unaudited Financial Statements for the Year Ended 30 June 2023

for

GCB Group Limited

GCB Group Limited (Registered number: 12115946)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GCB Group Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr T Holbrook





REGISTERED OFFICE: 1st Floor
283 Church Road
Redfield
Bristol
BS5 9HT





REGISTERED NUMBER: 12115946 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

GCB Group Limited (Registered number: 12115946)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 415,931 517,179

CURRENT ASSETS
Stocks 60,000 60,000
Debtors 5 157,240 94,098
Cash at bank and in hand 654 25,816
217,894 179,914
CREDITORS
Amounts falling due within one year 6 694,687 511,899
NET CURRENT LIABILITIES (476,793 ) (331,985 )
TOTAL ASSETS LESS CURRENT LIABILITIES (60,862 ) 185,194

CREDITORS
Amounts falling due after more than one year 7 (37,349 ) (43,333 )

PROVISIONS FOR LIABILITIES (73,514 ) (91,476 )
NET (LIABILITIES)/ASSETS (171,725 ) 50,385

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (171,825 ) 50,285
SHAREHOLDERS' FUNDS (171,725 ) 50,385

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 July 2024 and were signed by:



Mr T Holbrook - Director


GCB Group Limited (Registered number: 12115946)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

GCB Group 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 as modified by the revaluation of certain assets.

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 - 20% on reducing balance
Computer equipment - 25% on reducing balance

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 88 (2022 - 79 ) .

GCB Group Limited (Registered number: 12115946)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST OR VALUATION
At 1 July 2022 805,099 1,661 806,760
Additions 1,890 731 2,621
At 30 June 2023 806,989 2,392 809,381
DEPRECIATION
At 1 July 2022 289,274 307 289,581
Charge for year 103,448 421 103,869
At 30 June 2023 392,722 728 393,450
NET BOOK VALUE
At 30 June 2023 414,267 1,664 415,931
At 30 June 2022 515,825 1,354 517,179

Cost or valuation at 30 June 2023 is represented by:

Plant and Computer
machinery equipment Totals
£    £    £   
Valuation in 2020 736,000 - 736,000
Cost 70,989 2,392 73,381
806,989 2,392 809,381

If plant and machinery had not been revalued it would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 70,989 69,099

Plant and machinery were valued on an open market basis on 30 June 2023 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 133,307 87,204
Directors' current accounts 12,182 -
Prepayments 11,751 6,894
157,240 94,098

GCB Group Limited (Registered number: 12115946)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 5,892 -
Trade creditors 12,185 80,301
Tax 200 100
Social security and other taxes 108,210 130,048
VAT 523,881 291,006
Other creditors 40,014 8,784
Directors' current accounts - 10
Accrued expenses 4,305 1,650
694,687 511,899

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans - 1-2 years 15,455 -
Bank loans - 2-5 years 21,894 43,333
37,349 43,333

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 July 2022 50,285
Deficit for the year (222,110 )
At 30 June 2023 (171,825 )

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
Mr T Holbrook
Balance outstanding at start of year (10 ) (560 )
Amounts advanced 12,504 38,450
Amounts repaid (312 ) (37,900 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,182 (10 )

The overdrawn Director's Loan Account was repaid within 9 months of the year end.

GCB Group Limited (Registered number: 12115946)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

11. RELATED PARTY DISCLOSURES

During the year, management charges totalling £37,500 (2022: £37,500) were recharged to Holbrook Holdings Ltd, a company under common control.