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REGISTERED NUMBER: 10696448 (England and Wales)















GBA Motor Services Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






GBA Motor Services Limited (Registered number: 10696448)






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


GBA Motor Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr G B Smith





REGISTERED OFFICE: Unit 2 Panhard Buildings
Bell Lane
Uckfield
East Sussex
TN22 1QL





REGISTERED NUMBER: 10696448 (England and Wales)





ACCOUNTANTS: Swindells LLP
Chartered Accountants
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

GBA Motor Services Limited (Registered number: 10696448)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,000
Tangible assets 5 7,358 7,663
10,358 11,663

CURRENT ASSETS
Stocks 21,641 15,000
Debtors 6 19,987 24,107
Cash at bank 11,978 28,394
53,606 67,501
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

36,796

42,929
NET CURRENT ASSETS 16,810 24,572
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,168

36,235

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

8

(13,991

)

(22,545

)

PROVISIONS FOR LIABILITIES (268 ) -
NET ASSETS 12,909 13,690

GBA Motor Services Limited (Registered number: 10696448)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 12,809 13,590
SHAREHOLDERS' FUNDS 12,909 13,690

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2024 and were signed by:





Mr G B Smith - Director


GBA Motor Services Limited (Registered number: 10696448)

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

1. STATUTORY INFORMATION

GBA Motor 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2017, is being amortised evenly over its estimated useful life of ten 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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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 Profit and Loss Account, 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.


GBA Motor Services Limited (Registered number: 10696448)

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

2. ACCOUNTING POLICIES - continued
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 contributes to a defined contribution pension scheme. Contributions payable to the 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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023 6,000
Charge for year 1,000
At 31 March 2024 7,000
NET BOOK VALUE
At 31 March 2024 3,000
At 31 March 2023 4,000

GBA Motor Services Limited (Registered number: 10696448)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 40,207 14,474 8,900 63,581
Additions 2,244 1,682 - 3,926
At 31 March 2024 42,451 16,156 8,900 67,507
DEPRECIATION
At 1 April 2023 38,881 11,524 5,513 55,918
Charge for year 1,003 1,703 1,525 4,231
At 31 March 2024 39,884 13,227 7,038 60,149
NET BOOK VALUE
At 31 March 2024 2,567 2,929 1,862 7,358
At 31 March 2023 1,326 2,950 3,387 7,663

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,599 9,686
Other debtors 16,388 14,421
19,987 24,107

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,548 8,342
Trade creditors 10,847 12,547
Taxation and social security 13,993 18,677
Other creditors 3,408 3,363
36,796 42,929

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,991 22,545

GBA Motor Services Limited (Registered number: 10696448)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had operating lease commitments of £15,417 (2023 - £24,667).

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr G B Smith
Balance outstanding at start of year 3,179 8,117
Amounts advanced 8,381 7,562
Amounts repaid (5,500 ) (12,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,060 3,179

This loan is unsecured, interest free and repayable on demand.

12. RELATED PARTY DISCLOSURES

During the year dividends were paid to director totalling £37,318(2023 - £37,320).