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Company Registration No. 13770143 (England and Wales)
GPXMOTOUK Limited Unaudited accounts for the year ended 30 November 2023
GPXMOTOUK Limited Unaudited accounts Contents
Page
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GPXMOTOUK Limited Company Information for the year ended 30 November 2023
Director
James Daniel Brown
Company Number
13770143 (England and Wales)
Accountants
M A Accountancy Group Wolfe Mead Farnham Road Bordon Hampshire GU35 0NH
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GPXMOTOUK Limited Accountants' report
Accountants' report to the director of GPXMOTOUK Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 November 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 30 November 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
M A Accountancy Group Wolfe Mead Farnham Road Bordon Hampshire GU35 0NH 29 July 2024
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GPXMOTOUK Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,098 
12,039 
Current assets
Inventories
44,899 
48,800 
Debtors
184,010 
142,590 
Cash at bank and in hand
100,223 
107,805 
329,132 
299,195 
Creditors: amounts falling due within one year
(31,096)
(115,879)
Net current assets
298,036 
183,316 
Total assets less current liabilities
311,134 
195,355 
Creditors: amounts falling due after more than one year
(234,915)
(191,256)
Provisions for liabilities
Deferred tax
(925)
- 
Net assets
75,294 
4,099 
Capital and reserves
Called up share capital
100 
100 
Capital contribution reserve
1,974 
1,974 
Profit and loss account
73,220 
2,025 
Shareholders' funds
75,294 
4,099 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 August 2024 and were signed on its behalf by
James Daniel Brown Director Company Registration No. 13770143
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GPXMOTOUK Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
GPXMOTOUK Limited is a private company, limited by shares, registered in England and Wales, registration number 13770143.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
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 accounts. 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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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GPXMOTOUK Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 December 2022
13,700 
Additions
6,500 
Disposals
(1,200)
At 30 November 2023
19,000 
Depreciation
At 1 December 2022
1,661 
Charge for the year
4,366 
On disposals
(125)
At 30 November 2023
5,902 
Net book value
At 30 November 2023
13,098 
At 30 November 2022
12,039 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
785 
- 
Trade debtors
107 
16,887 
Deferred tax asset
204 
Accrued income and prepayments
183,118 
125,499 
184,010 
142,590 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
9,967 
100,398 
Taxes and social security
20,329 
14,681 
Accruals
800 
800 
31,096 
115,879 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
234,915 
191,256 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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