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GB Plastering Limited
Registered Number:09033226
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
GB Plastering Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
09033226
As at 31 March 2024
GB Plastering Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,951
2,143
2
1,951
2,143
Current assets
Inventories
42,638
10,112
3
Trade and other receivables
21,841
28,388
4
23,787
Cash and cash equivalents
60,276
98,776
88,266
Trade and other payables: amounts falling due within one year
(87,833)
(83,846)
5
433
14,930
Net current assets
Total assets less current liabilities
16,881
2,576
(361)
(394)
Provisions for liabilities
16,520
Net assets
2,182
Capital and reserves
Called up share capital
20
20
Retained earnings
16,500
2,162
16,520
2,182
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Andrew Raymond Balcon Director
These financial statements were approved and authorised for issue by the Board on 02 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
GB Plastering Limited
Notes to the Financial Statements
Statutory Information
GB Plastering Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
09033226.
Registered address:
11 Glebeland Close
Rawmarsh
Rotherham
S62 7QQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2 of 4
5
For the year ended 31 March 2024
GB Plastering Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 April 2023
12,859
825
10,995
1,039
458
458
-
-
Additions
At 31 March 2024
1,039
10,995
1,283
13,317
Provision for depreciation and impairment
At 01 April 2023
10,716
734
9,527
455
Charge for year
650
137
367
146
At 31 March 2024
11,366
871
9,894
601
At 31 March 2024
Net book value
438
1,101
412
1,951
At 31 March 2023
584
1,468
91
2,143
3. Inventories
2023
2024
£
£
Stocks
10,112
42,638
4. Trade and other receivables
2023
2024
£
£
Trade debtors
4,637
-
Other debtors
23,751
21,841
21,841
28,388
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
17,711
22,230
Taxation and social security
61,812
60,936
Other creditors
4,323
4,667
83,846
87,833
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6
For the year ended 31 March 2024
GB Plastering Limited
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
4 of 4