PTP Accounts Production v24.3.0.553 04211052 director 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042110522023-06-30042110522024-06-30042110522023-07-012024-06-30042110522022-06-30042110522022-07-012023-06-30042110522023-06-3004211052ns15:EnglandWales2023-07-012024-06-3004211052ns14:PoundSterling2023-07-012024-06-3004211052ns10:Director12023-07-012024-06-3004211052ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3004211052ns10:SmallEntities2023-07-012024-06-3004211052ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3004211052ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3004211052ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3004211052ns10:FullAccounts2023-07-012024-06-3004211052ns10:CompanySecretary12023-07-012024-06-3004211052ns10:RegisteredOffice2023-07-012024-06-3004211052ns5:CurrentFinancialInstruments2024-06-3004211052ns5:CurrentFinancialInstruments2023-06-3004211052ns5:ShareCapital2024-06-3004211052ns5:ShareCapital2023-06-3004211052ns5:SharePremium2024-06-3004211052ns5:SharePremium2023-06-3004211052ns5:FurtherSpecificReserve1ComponentTotalEquity2024-06-3004211052ns5:FurtherSpecificReserve1ComponentTotalEquity2023-06-3004211052ns5:RetainedEarningsAccumulatedLosses2024-06-3004211052ns5:RetainedEarningsAccumulatedLosses2023-06-3004211052ns5:LeaseholdImprovements2023-07-012024-06-3004211052ns5:PlantMachinery2023-07-012024-06-3004211052ns5:LeaseholdImprovements2023-06-3004211052ns5:PlantMachinery2023-06-3004211052ns5:LeaseholdImprovements2024-06-3004211052ns5:PlantMachinery2024-06-3004211052ns5:LeaseholdImprovements2023-06-3004211052ns5:PlantMachinery2023-06-3004211052ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3004211052ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3004211052ns5:WithinOneYear2024-06-3004211052ns5:WithinOneYear2023-06-3004211052ns5:BetweenOneFiveYears2024-06-3004211052ns5:BetweenOneFiveYears2023-06-3004211052ns5:AllPeriods2024-06-3004211052ns5:AllPeriods2023-06-30
REGISTERED NUMBER: 04211052 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024

FOR

GB-SOL LIMITED

GB-SOL LIMITED (REGISTERED NUMBER: 04211052)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GB-SOL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTOR: M A M Candlish





SECRETARY: Ms K J Bookless





REGISTERED OFFICE: Renewable Energy Works
Treforest Industrial Estate
Cardiff
CF37 5YB





REGISTERED NUMBER: 04211052 (England and Wales)





ACCOUNTANTS: Gowers Limited
The Old School House
Bridge Road
Hunton Bridge
Kings Langley
Hertfordshire
WD4 8SZ

GB-SOL LIMITED (REGISTERED NUMBER: 04211052)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 86,712 61,865

CURRENT ASSETS
Stocks 150,420 456,657
Debtors 5 600,897 572,881
Cash at bank 240,355 82,964
991,672 1,112,502
CREDITORS
Amounts falling due within one year 6 (301,967 ) (509,310 )
NET CURRENT ASSETS 689,705 603,192
TOTAL ASSETS LESS CURRENT
LIABILITIES

776,417

665,057

CAPITAL AND RESERVES
Called up share capital 20,866 20,866
Share premium 540,574 540,574
Other reserves 57,137 57,137
Retained earnings 157,840 46,480
776,417 665,057

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

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

GB-SOL LIMITED (REGISTERED NUMBER: 04211052)

BALANCE SHEET - continued
30TH JUNE 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 director and authorised for issue on 24th October 2024 and were signed by:





M A M Candlish - Director


GB-SOL LIMITED (REGISTERED NUMBER: 04211052)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

GB-Sol 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.
Improvements to property - 12.5% on cost
Plant and machinery - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 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.

GB-SOL LIMITED (REGISTERED NUMBER: 04211052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 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 22 (2023 - 32 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1st July 2023 7,453 192,382 199,835
Additions 59,015 2,372 61,387
Disposals - (24,201 ) (24,201 )
At 30th June 2024 66,468 170,553 237,021
DEPRECIATION
At 1st July 2023 622 137,348 137,970
Charge for year 4,309 32,231 36,540
Eliminated on disposal - (24,201 ) (24,201 )
At 30th June 2024 4,931 145,378 150,309
NET BOOK VALUE
At 30th June 2024 61,537 25,175 86,712
At 30th June 2023 6,831 55,034 61,865

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 116,561 562,045
Amounts owed by group undertakings 464,987 -
Other debtors 19,349 10,836
600,897 572,881

GB-SOL LIMITED (REGISTERED NUMBER: 04211052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,415 -
Trade creditors 42,023 56,192
Amounts owed to group undertakings 92,004 182,692
Taxation and social security 158,388 219,540
Other creditors 8,137 50,886
301,967 509,310

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 53,607 52,106
Between one and five years 52,567 103,172
106,174 155,278