IRIS Accounts Production v24.2.0.383 11595812 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115958122023-03-31115958122024-03-31115958122023-04-012024-03-31115958122022-03-31115958122022-04-012023-03-31115958122023-03-3111595812ns15:EnglandWales2023-04-012024-03-3111595812ns14:PoundSterling2023-04-012024-03-3111595812ns10:Director12023-04-012024-03-3111595812ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111595812ns10:SmallEntities2023-04-012024-03-3111595812ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111595812ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111595812ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111595812ns10:FullAccounts2023-04-012024-03-3111595812ns10:RegisteredOffice2023-04-012024-03-3111595812ns5:CurrentFinancialInstruments2024-03-3111595812ns5:CurrentFinancialInstruments2023-03-3111595812ns5:Non-currentFinancialInstruments2024-03-3111595812ns5:Non-currentFinancialInstruments2023-03-3111595812ns5:ShareCapital2024-03-3111595812ns5:ShareCapital2023-03-3111595812ns5:RetainedEarningsAccumulatedLosses2024-03-3111595812ns5:RetainedEarningsAccumulatedLosses2023-03-3111595812ns5:ShortLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3111595812ns5:PlantMachinery2023-04-012024-03-3111595812ns5:MotorVehicles2023-04-012024-03-3111595812ns5:ComputerEquipment2023-04-012024-03-3111595812ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-3111595812ns5:PlantMachinery2023-03-3111595812ns5:MotorVehicles2023-03-3111595812ns5:ComputerEquipment2023-03-3111595812ns5:ShortLeaseholdAssetsns5:LandBuildings2024-03-3111595812ns5:PlantMachinery2024-03-3111595812ns5:MotorVehicles2024-03-3111595812ns5:ComputerEquipment2024-03-3111595812ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-3111595812ns5:PlantMachinery2023-03-3111595812ns5:MotorVehicles2023-03-3111595812ns5:ComputerEquipment2023-03-3111595812ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3111595812ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 11595812 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

GEARBOX UK (DONCASTER) LIMITED

GEARBOX UK (DONCASTER) LIMITED (REGISTERED NUMBER: 11595812)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GEARBOX UK (DONCASTER) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: D Hughes





REGISTERED OFFICE: 28 Cowhouse Lane
Armthorpe
Doncaster
South Yorkshire
DN3 3EE





REGISTERED NUMBER: 11595812 (England and Wales)





ACCOUNTANTS: Leesing Marrison Lee & Co
Chartered Certified Accountants
46 Main Street
Mexborough
South Yorkshire
S64 9DU

GEARBOX UK (DONCASTER) LIMITED (REGISTERED NUMBER: 11595812)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,415 43,234

CURRENT ASSETS
Stocks 450 450
Debtors 5 34,507 24,645
Cash at bank and in hand 317,669 327,714
352,626 352,809
CREDITORS
Amounts falling due within one year 6 57,422 65,061
NET CURRENT ASSETS 295,204 287,748
TOTAL ASSETS LESS CURRENT
LIABILITIES

366,619

330,982

CREDITORS
Amounts falling due after more than one
year

7

20,000

30,000
NET ASSETS 346,619 300,982

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 346,519 300,882
346,619 300,982

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 30th August 2024 and were signed by:





D Hughes - Director


GEARBOX UK (DONCASTER) LIMITED (REGISTERED NUMBER: 11595812)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Gearbox UK (Doncaster) 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.
Short leasehold - 2% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

GEARBOX UK (DONCASTER) LIMITED (REGISTERED NUMBER: 11595812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 25,762 8,688 29,523 1,833 65,806
Additions - - 39,991 1,544 41,535
Disposals - - - (986 ) (986 )
At 31st March 2024 25,762 8,688 69,514 2,391 106,355
DEPRECIATION
At 1st April 2023 2,287 5,344 13,744 1,197 22,572
Charge for year 515 836 11,154 654 13,159
Eliminated on disposal - - - (791 ) (791 )
At 31st March 2024 2,802 6,180 24,898 1,060 34,940
NET BOOK VALUE
At 31st March 2024 22,960 2,508 44,616 1,331 71,415
At 31st March 2023 23,475 3,344 15,779 636 43,234

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 30,173 21,281
Other debtors 4,334 3,364
34,507 24,645

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 293
Trade creditors 9,712 19,887
Taxation and social security 25,552 33,535
Other creditors 12,158 1,346
57,422 65,061

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 20,000 30,000