IRIS Accounts Production v24.1.0.578 11996127 Board of Directors Board of Directors 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119961272022-08-31119961272023-08-31119961272022-09-012023-08-31119961272021-05-31119961272021-06-012022-08-31119961272022-08-3111996127ns15:EnglandWales2022-09-012023-08-3111996127ns14:PoundSterling2022-09-012023-08-3111996127ns10:Director12022-09-012023-08-3111996127ns10:Director22022-09-012023-08-3111996127ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3111996127ns10:SmallEntities2022-09-012023-08-3111996127ns10:AuditExemptWithAccountantsReport2022-09-012023-08-3111996127ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3111996127ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3111996127ns10:FullAccounts2022-09-012023-08-3111996127ns10:RegisteredOffice2022-09-012023-08-3111996127ns5:CurrentFinancialInstruments2023-08-3111996127ns5:CurrentFinancialInstruments2022-08-3111996127ns5:Non-currentFinancialInstruments2023-08-3111996127ns5:Non-currentFinancialInstruments2022-08-3111996127ns5:ShareCapital2023-08-3111996127ns5:ShareCapital2022-08-3111996127ns5:RetainedEarningsAccumulatedLosses2023-08-3111996127ns5:RetainedEarningsAccumulatedLosses2022-08-3111996127ns5:FurnitureFittings2022-09-012023-08-3111996127ns5:MotorVehicles2022-09-012023-08-3111996127ns5:ComputerEquipment2022-09-012023-08-3111996127ns5:FurnitureFittings2022-08-3111996127ns5:MotorVehicles2022-08-3111996127ns5:ComputerEquipment2022-08-3111996127ns5:FurnitureFittings2023-08-3111996127ns5:MotorVehicles2023-08-3111996127ns5:ComputerEquipment2023-08-3111996127ns5:FurnitureFittings2022-08-3111996127ns5:MotorVehicles2022-08-3111996127ns5:ComputerEquipment2022-08-3111996127ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3111996127ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3111996127ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-08-3111996127ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-08-3111996127ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-08-3111996127ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-08-31
REGISTERED NUMBER: 11996127 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 August 2023

for

GB Robotics Limited

GB Robotics Limited (Registered number: 11996127)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


GB Robotics Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: D P Higgs
P R Smart





REGISTERED OFFICE: Britannia Court
5 Moor Street
Worcester
Worcestershire
WR13DB





REGISTERED NUMBER: 11996127 (England and Wales)





ACCOUNTANTS: Chandler and Partners Limited
5 Moor Street
Worcester
Worcestershire
WR1 3DB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
GB Robotics Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GB Robotics Limited for the year ended 31 August 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of GB Robotics Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GB Robotics Limited and state those matters that we have agreed to state to the Board of Directors of GB Robotics Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GB Robotics Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that GB Robotics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GB Robotics Limited. You consider that GB Robotics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GB Robotics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chandler and Partners Limited
5 Moor Street
Worcester
Worcestershire
WR1 3DB


Date: .............................................

GB Robotics Limited (Registered number: 11996127)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 249,144 4,141

CURRENT ASSETS
Debtors 5 1,140,433 807,216
Cash at bank and in hand 119,324 302,299
1,259,757 1,109,515
CREDITORS
Amounts falling due within one year 6 (886,706 ) (943,647 )
NET CURRENT ASSETS 373,051 165,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

622,195

170,009

CREDITORS
Amounts falling due after more than one
year

7

(166,140

)

(32,500

)
NET ASSETS 456,055 137,509

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 456,053 137,507
456,055 137,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

GB Robotics Limited (Registered number: 11996127)

Balance Sheet - continued
31 August 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 31 August 2024 and were signed on its behalf by:




D P Higgs - Director



P R Smart - Director


GB Robotics Limited (Registered number: 11996127)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

GB Robotics 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

GB Robotics Limited (Registered number: 11996127)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 - - 6,743 6,743
Additions 208 278,441 10,125 288,774
At 31 August 2023 208 278,441 16,868 295,517
DEPRECIATION
At 1 September 2022 - - 2,602 2,602
Charge for year 38 39,597 4,136 43,771
At 31 August 2023 38 39,597 6,738 46,373
NET BOOK VALUE
At 31 August 2023 170 238,844 10,130 249,144
At 31 August 2022 - - 4,141 4,141

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 482,399 747,759
Other debtors 231,340 -
Other debtors 392,904 -
VAT - 59,457
Prepayments 33,790 -
1,140,433 807,216

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 12,131 -
Trade creditors 782,208 901,774
Tax 27,091 29,576
Social security and other taxes 143 149
VAT 19,279 -
Directors' current accounts 33,729 2,148
Accrued expenses 2,125 -
886,706 943,647

GB Robotics Limited (Registered number: 11996127)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 12,500 22,500
Hire purchase contracts 143,640 -
166,140 32,500