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REGISTERED NUMBER: 03668725 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

GBR Electrical Limited

GBR Electrical Limited (Registered number: 03668725)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GBR Electrical Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs J Roberts
G B Roberts





SECRETARY: Mrs J Roberts





REGISTERED OFFICE: Formby Business Centre
42 Duke Street
Formby
Liverpool
L37 4AT





REGISTERED NUMBER: 03668725 (England and Wales)





ACCOUNTANTS: NGS Accountancy Limited
27 Holmwood Gardens
Formby
Liverpool
Merseyside
L37 1NH

GBR Electrical Limited (Registered number: 03668725)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 37,115 37,415
37,115 37,415

CURRENT ASSETS
Stocks 33,908 18,729
Debtors 6 129,765 104,070
Cash at bank 440 -
164,113 122,799
CREDITORS
Amounts falling due within one year 7 160,117 130,042
NET CURRENT ASSETS/(LIABILITIES) 3,996 (7,243 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,111

30,172

CREDITORS
Amounts falling due after more than one
year

8

(15,600

)

(14,944

)

PROVISIONS FOR LIABILITIES (2,174 ) (898 )
NET ASSETS 23,337 14,330

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,237 14,230
23,337 14,330

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

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 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.

GBR Electrical Limited (Registered number: 03668725)

Balance Sheet - continued
31 March 2024


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 17 July 2024 and were signed on its behalf by:




Mrs J Roberts - Director



G B Roberts - Director


GBR Electrical Limited (Registered number: 03668725)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

GBR Electrical 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 2003, 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.
Plant and machinery etc - 25% on cost and 15% on cost

Stocks
Stock is valued at the lower of cost and net realisable value. Work in progress is valued at selling price when the contract has been completed. Partially completed work in progress incorporates overheads and an element of profit proportionate to the stage of completion less provision for contract losses.

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.

GBR Electrical Limited (Registered number: 03668725)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 9 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 58,656
AMORTISATION
At 1 April 2023
and 31 March 2024 58,656
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 81,045
Additions 12,071
At 31 March 2024 93,116
DEPRECIATION
At 1 April 2023 43,630
Charge for year 12,371
At 31 March 2024 56,001
NET BOOK VALUE
At 31 March 2024 37,115
At 31 March 2023 37,415

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 129,765 95,329
Other debtors - 8,741
129,765 104,070

GBR Electrical Limited (Registered number: 03668725)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 42,227 47,058
Hire purchase contracts 6,355 3,898
Trade creditors 55,474 36,160
Taxation and social security 41,727 23,723
Other creditors 14,334 19,203
160,117 130,042

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 15,600 14,944