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REGISTERED NUMBER: 02180535 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

G & R SPARES LIMITED

G & R SPARES LIMITED (REGISTERED NUMBER: 02180535)






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


G & R SPARES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: R A Valentino
A S Valentino





SECRETARY: R A Valentino





REGISTERED OFFICE: 6 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL





REGISTERED NUMBER: 02180535 (England and Wales)





ACCOUNTANTS: Andrew Cross & Co.
Chartered Certified Accountants
6 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL

G & R SPARES LIMITED (REGISTERED NUMBER: 02180535)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 187,894 194,971
187,894 194,971

CURRENT ASSETS
Stocks 332,734 278,569
Debtors 6 448,001 450,395
Cash at bank and in hand 467,381 693,839
1,248,116 1,422,803
CREDITORS
Amounts falling due within one year 7 65,050 97,126
NET CURRENT ASSETS 1,183,066 1,325,677
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,370,960

1,520,648

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,370,860 1,520,548
SHAREHOLDERS' FUNDS 1,370,960 1,520,648

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.

G & R SPARES LIMITED (REGISTERED NUMBER: 02180535)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 27 August 2024 and were signed on its behalf by:




R A Valentino - Director



A S Valentino - Director


G & R SPARES LIMITED (REGISTERED NUMBER: 02180535)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

G & R Spares 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1990, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property years
Plant and machinery etc - 25% on reducing balance

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2022 - 4 ) .

G & R SPARES LIMITED (REGISTERED NUMBER: 02180535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 176,783
AMORTISATION
At 1 December 2022
and 30 November 2023 176,783
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 256,269 111,497 367,766
Disposals - (14,635 ) (14,635 )
At 30 November 2023 256,269 96,862 353,131
DEPRECIATION
At 1 December 2022 66,630 106,165 172,795
Charge for year 5,125 1,127 6,252
Eliminated on disposal - (13,810 ) (13,810 )
At 30 November 2023 71,755 93,482 165,237
NET BOOK VALUE
At 30 November 2023 184,514 3,380 187,894
At 30 November 2022 189,639 5,332 194,971

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,713 35,818
Other debtors 419,288 414,577
448,001 450,395

G & R SPARES LIMITED (REGISTERED NUMBER: 02180535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 20,546 37,381
Taxation and social security 20,878 41,150
Other creditors 23,626 18,595
65,050 97,126

8. ULTIMATE CONTROLLING PARTY

The controlling party is G and R Group Ltd, company number0128589 in England and Wales..