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REGISTERED NUMBER: 13142796 (England and Wales)















GPS SERVICES DONCASTER LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2024






GPS SERVICES DONCASTER LTD (REGISTERED NUMBER: 13142796)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GPS SERVICES DONCASTER LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: S N Firth
K A Wright





REGISTERED OFFICE: Sidings House
Sidings Court
Lakeside
Doncaster
DN4 5NU





REGISTERED NUMBER: 13142796 (England and Wales)






GPS SERVICES DONCASTER LTD (REGISTERED NUMBER: 13142796)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,648 138,201

CURRENT ASSETS
Stocks 363,913 308,171
Debtors 5 215,539 231,962
Cash at bank and in hand 14,109 38,636
593,561 578,769
CREDITORS
Amounts falling due within one year 6 540,870 448,851
NET CURRENT ASSETS 52,691 129,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

169,339

268,119

CREDITORS
Amounts falling due after more than one
year

7

(145,571

)

(205,455

)

PROVISIONS FOR LIABILITIES (22,163 ) (26,258 )
NET ASSETS 1,605 36,406

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,604 36,405
1,605 36,406

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

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

GPS SERVICES DONCASTER LTD (REGISTERED NUMBER: 13142796)

BALANCE SHEET - continued
31 JANUARY 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 23 October 2024 and were signed on its behalf by:





S N Firth - Director


GPS SERVICES DONCASTER LTD (REGISTERED NUMBER: 13142796)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

GPS Services Doncaster Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

GPS SERVICES DONCASTER LTD (REGISTERED NUMBER: 13142796)

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


2. ACCOUNTING POLICIES - continued

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 19 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 192,303
Additions 14,000
Disposals (2,000 )
At 31 January 2024 204,303
DEPRECIATION
At 1 February 2023 54,102
Charge for year 34,183
Eliminated on disposal (630 )
At 31 January 2024 87,655
NET BOOK VALUE
At 31 January 2024 116,648
At 31 January 2023 138,201

GPS SERVICES DONCASTER LTD (REGISTERED NUMBER: 13142796)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 118,460
DEPRECIATION
At 1 February 2023 31,761
Charge for year 21,675
At 31 January 2024 53,436
NET BOOK VALUE
At 31 January 2024 65,024
At 31 January 2023 86,699

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 210,145 221,526
Other debtors 5,394 10,436
215,539 231,962

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 49,658 49,658
Hire purchase contracts 22,138 19,412
Trade creditors 212,996 199,845
Taxation and social security 50,631 41,821
Other creditors 205,447 138,115
540,870 448,851

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 84,578 134,237
Hire purchase contracts 60,993 71,218
145,571 205,455

GPS SERVICES DONCASTER LTD (REGISTERED NUMBER: 13142796)

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


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 83,131 90,630

The hire purchase creditor is secured on the assets to which they relate.

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date there were other financial commitments, not stated elsewhere in the financial statements of £144,000.