Registered number: 08309614 | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2023 | ||||||||
Prepared By: | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
First Floor, 690 Great West Road | ||||||||
Osterley Village | ||||||||
Isleworth | ||||||||
TW7 4PU |
G. P. Motors (Teddington) Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 08309614 | ||||||||
ACCOUNTANTS | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
First Floor, 690 Great West Road | ||||||||
Osterley Village | ||||||||
Isleworth | ||||||||
TW7 4PU |
G. P. Motors (Teddington) Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 DECEMBER 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
G. P. Motors (Teddington) Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 | |||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | 4 | |||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
451,147 | 359,573 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 275,596 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 310,857 | 312,549 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
............................. | ||||||||||
G Dhingra | ||||||||||
Director | ||||||||||
G. P. Motors (Teddington) Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 DECEMBER 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 25% | |||||||
Equipment | reducing balance 25% |
1c. Stocks | ||||||||
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. |
1d. Taxation | ||||||||
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
1e. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1f. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts and are recognised when supplied or rendered. |
1g. Goodwill | ||||||||
1h. Leasing Commitments | ||||||||
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis. |
G. P. Motors (Teddington) Ltd | ||||||||
1i. Statutory Information | ||||||||
G.P. Motors ( Teddington) Ltd is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 08309614 and registered office address is 596 Great West Road, Hounslow, England, TW5 0TH. |
1j. Financial Instruments | ||||||||
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments. |
2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 1 January 2023 | 100,000 | 100,000 | ||
At 31 December 2023 | 100,000 | 100,000 | ||
Depreciation | ||||
At 1 January 2023 | 68,500 | 68,500 | ||
For the year | 5,250 | 5,250 | ||
At 31 December 2023 | 73,750 | 73,750 | ||
Net Book Amounts | ||||
At 31 December 2023 | ||||
At 31 December 2022 | ||||
3. TANGIBLE FIXED ASSETS | ||||||||
Long Leasehold | Plant and | |||||||
Properties | Machinery | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 January 2023 | 875 | 16,351 | 4,122 | 21,348 | ||||
Additions | - | 249 | 476 | 725 | ||||
Disposals | - | (249) | (953) | (1,202) | ||||
At 31 December 2023 | 875 | 16,351 | 3,645 | 20,871 | ||||
Depreciation | ||||||||
At 1 January 2023 | - | 12,163 | 3,632 | 15,795 | ||||
Disposals | - | (26) | (417) | (443) | ||||
For the year | - | 549 | 111 | 660 | ||||
At 31 December 2023 | - | 12,686 | 3,326 | 16,012 | ||||
Net Book Amounts | ||||||||
At 31 December 2023 | 875 | 4,859 | ||||||
At 31 December 2022 | 875 | 5,553 | ||||||
4. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
G. P. Motors (Teddington) Ltd | ||||||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Other debtors | 10,994 | - | ||||||
Prepayments | 655 | - | ||||||
11,649 | - | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Taxation and social security | 64,935 | 64,428 | ||||||
Salaries and wages control | - | 648 | ||||||
Directors current account | 83,846 | 5,346 | ||||||
Trade creditors | 12,392 | 11,158 | ||||||
Pension contributions | 443 | 514 | ||||||
Accruals | 9,683 | 1,883 | ||||||
171,299 | 83,977 | |||||||
7. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 4 | |||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
7 | 7 | |||||||
5 | 5 | |||||||
88 | 88 | |||||||
100 | 100 | |||||||