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REGISTERED NUMBER: 08333600 (England and Wales)



Unaudited Financial Statements

for the Year Ended 31st December 2023

for

G&B Atvs Limited

G&B Atvs Limited (Registered number: 08333600)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


G&B Atvs Limited

Company Information
for the Year Ended 31st December 2023







DIRECTORS: G K Bailey
S B Fernyhough





REGISTERED OFFICE: New Hill House
Butterton Moor
Leek
Staffordshire
ST13 7TG





REGISTERED NUMBER: 08333600 (England and Wales)





ACCOUNTANTS: CH Accountancy Services (High Peak) Ltd
1 Grove Parade
Buxton
Derbyshire
SK17 6AJ

G&B Atvs Limited (Registered number: 08333600)

Abridged Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 137,997 148,948

CURRENT ASSETS
Stocks 241,200 122,500
Debtors 21,500 31,605
Cash at bank 355,719 468,538
618,419 622,643
CREDITORS
Amounts falling due within one year 72,688 93,984
NET CURRENT ASSETS 545,731 528,659
TOTAL ASSETS LESS CURRENT LIABILITIES 683,728 677,607

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 683,726 677,605
SHAREHOLDERS' FUNDS 683,728 677,607

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 26th September 2024 and were signed on its behalf by:





G K Bailey - Director


G&B Atvs Limited (Registered number: 08333600)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

G&B Atvs 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.
Plant and machinery etc - 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023 263,550
Additions 12,378
At 31st December 2023 275,928
DEPRECIATION
At 1st January 2023 114,602
Charge for year 23,329
At 31st December 2023 137,931
NET BOOK VALUE
At 31st December 2023 137,997
At 31st December 2022 148,948

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year ended 31st December 2022 the company owed the directors' Mr G Bailey & Mr S Fernyhough an amount of £54,328 (2022: £64,998). The loan is interest free and repayable on demand.