Company registration number 11387150 (England and Wales)
GPSBOB Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 May 2024
PAGES FOR FILING WITH REGISTRAR
GPSBOB Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
GPSBOB Ltd
Statement Of Financial Position
as at 31 May 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
605,714
151,448
Current assets
Debtors
13,808
19,480
Cash at bank and in hand
98,571
57,245
112,379
76,725
Creditors: amounts falling due within one year
(267,136)
(33,154)
Net current (liabilities)/assets
(154,757)
43,571
Total assets less current liabilities
450,957
195,019
Creditors: amounts falling due after more than one year
(111,906)
-
0
Provisions for liabilities
(76,401)
-
0
Net assets
262,650
195,019
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
262,649
195,018
Total equity
262,650
195,019
GPSBOB Ltd
Statement Of Financial Position (continued)
as at 31 May 2024
31 May 2024
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 28 August 2024
T Smith
Director
Company registration number 11387150 (England and Wales)
GPSBOB Ltd
Notes to the financial statements
for the year ended 31 May 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Nil
Plant and equipment
15% reducing balance
Fixtures and fittings
15% reducing balance
Motor vehicles
10% reducing balance
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

GPSBOB Ltd
Notes to the financial statements (continued)
for the year ended 31 May 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 June 2023
-
0
-
0
-
0
151,448
151,448
Additions
279,750
14,500
9,500
176,358
480,108
At 31 May 2024
279,750
14,500
9,500
327,806
631,556
Depreciation and impairment
At 1 June 2023
-
0
-
0
-
0
-
0
-
0
Depreciation charged in the year
-
0
614
468
24,760
25,842
At 31 May 2024
-
0
614
468
24,760
25,842
Carrying amount
At 31 May 2024
279,750
13,886
9,032
303,046
605,714
At 31 May 2023
-
0
-
0
-
0
151,448
151,448
4
Company information

GPSBOB Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 4D, The Gateway, Fryers Way, Ossett, West Yorkshire, WF5 9TJ.

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