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REGISTERED NUMBER: 07508773 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024

FOR

GB-SOL PROJECTS LIMITED

GB-SOL PROJECTS LIMITED (REGISTERED NUMBER: 07508773)

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 PROJECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: M A M Candlish
A J Collimore





SECRETARY: Ms K J Bookless





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





REGISTERED NUMBER: 07508773 (England and Wales)





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

GB-SOL PROJECTS LIMITED (REGISTERED NUMBER: 07508773)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 24,300 10,754

CURRENT ASSETS
Stocks 350,030 430,259
Debtors 5 744,847 322,138
Cash at bank 33,411 73,096
1,128,288 825,493
CREDITORS
Amounts falling due within one year 6 (764,350 ) (587,754 )
NET CURRENT ASSETS 363,938 237,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

388,238

248,493

PROVISIONS FOR LIABILITIES (6,100 ) -
NET ASSETS 382,138 248,493

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 382,038 248,393
382,138 248,493

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 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.

GB-SOL PROJECTS LIMITED (REGISTERED NUMBER: 07508773)

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 Board of Directors and authorised for issue on 24th October 2024 and were signed on its behalf by:





M A M Candlish - Director


GB-SOL PROJECTS LIMITED (REGISTERED NUMBER: 07508773)

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


1. STATUTORY INFORMATION

GB-Sol Projects 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 cost
Fixtures and fittings - 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - NIL ) .

GB-SOL PROJECTS LIMITED (REGISTERED NUMBER: 07508773)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st July 2023 11,690 - 11,690
Additions 2,148 17,133 19,281
At 30th June 2024 13,838 17,133 30,971
DEPRECIATION
At 1st July 2023 936 - 936
Charge for year 3,192 2,543 5,735
At 30th June 2024 4,128 2,543 6,671
NET BOOK VALUE
At 30th June 2024 9,710 14,590 24,300
At 30th June 2023 10,754 - 10,754

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 413,994 152,018
Other debtors 330,853 170,120
744,847 322,138

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 55,928 380,201
Amounts owed to group undertakings 530,679 -
Taxation and social security 46,400 29,351
Other creditors 131,343 178,202
764,350 587,754