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REGISTERED NUMBER: 02122280 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

GLOUCESTER FREIGHT SERVICES LIMITED

GLOUCESTER FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 02122280)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GLOUCESTER FREIGHT SERVICES LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: R J G Pearse
I G Pearse
D Bray





REGISTERED OFFICE: Unit 3, Whitworth Court
Baird Road
Waterwells Business Park
Quedgeley, Gloucester
Gloucestershire
GL2 2DG





REGISTERED NUMBER: 02122280 (England and Wales)





ACCOUNTANTS: West Country Accounting Services Limited
Chartered Accountants
BS15 1NT

GLOUCESTER FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 02122280)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,153 8,215

CURRENT ASSETS
Debtors 5 176,288 176,306
Cash at bank and in hand 64,264 90,002
240,552 266,308
CREDITORS
Amounts falling due within one year 6 176,414 162,776
NET CURRENT ASSETS 64,138 103,532
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,291

111,747

PROVISIONS FOR LIABILITIES 2,039 1,561
NET ASSETS 70,252 110,186

CAPITAL AND RESERVES
Called up share capital 7 48 48
Retained earnings 8 70,204 110,138
SHAREHOLDERS' FUNDS 70,252 110,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 24 July 2024 and were signed on its behalf by:



R J G Pearse - Director


GLOUCESTER FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 02122280)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Gloucester Freight Services 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

GLOUCESTER FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 02122280)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 18,467 5,686 17,784 6,683 48,620
Additions - - - 2,157 2,157
At 30 April 2024 18,467 5,686 17,784 8,840 50,777
DEPRECIATION
At 1 May 2023 14,102 5,225 16,452 4,626 40,405
Charge for year 1,091 116 333 679 2,219
At 30 April 2024 15,193 5,341 16,785 5,305 42,624
NET BOOK VALUE
At 30 April 2024 3,274 345 999 3,535 8,153
At 30 April 2023 4,365 461 1,332 2,057 8,215

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 167,009 141,117
Other debtors 9,279 35,189
176,288 176,306

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1 1
Trade creditors 163,696 144,663
Taxation and social security 5,217 13,612
Other creditors 7,500 4,500
176,414 162,776

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
48 Ordinary 1.00 48 48

GLOUCESTER FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 02122280)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. RESERVES
Retained
earnings
£   

At 1 May 2023 110,138
Profit for the year 14,066
Dividends (54,000 )
At 30 April 2024 70,204