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REGISTERED NUMBER: 01167163 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

BOB GERARD LIMITED

BOB GERARD LIMITED (REGISTERED NUMBER: 01167163)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOB GERARD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTORS: Mr MJ Charles
Mrs JP Charles





SECRETARY: Mrs JP Charles





REGISTERED OFFICE: Glen Garage
22 London Road
Great Glen
Leicester
Leicestershire
LE8 9GF





REGISTERED NUMBER: 01167163 (England and Wales)

BOB GERARD LIMITED (REGISTERED NUMBER: 01167163)

BALANCE SHEET
28 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,100 9,399

CURRENT ASSETS
Stocks 552,710 384,807
Debtors 5 274,773 337,679
Cash at bank and in hand 377,399 197,307
1,204,882 919,793
CREDITORS
Amounts falling due within one year 6 454,204 231,780
NET CURRENT ASSETS 750,678 688,013
TOTAL ASSETS LESS CURRENT
LIABILITIES

756,778

697,412

CREDITORS
Amounts falling due after more than one year 7 161,329 123,331
NET ASSETS 595,449 574,081

CAPITAL AND RESERVES
Called up share capital 9 3,188 3,188
Share premium 10 479,258 479,258
Retained earnings 10 113,003 91,635
SHAREHOLDERS' FUNDS 595,449 574,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

BOB GERARD LIMITED (REGISTERED NUMBER: 01167163)

BALANCE SHEET - continued
28 FEBRUARY 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 6 August 2024 and were signed on its behalf by:





Mr MJ Charles - Director


BOB GERARD LIMITED (REGISTERED NUMBER: 01167163)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024


1. STATUTORY INFORMATION

Bob Gerard 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.

The financial statements are prepared in Sterling (£)

Turnover
Turnover comprises the fair value for the sale of goods excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts. The company supplies products to customers, under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on dispatch of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - equal instalments over the lease period
Electronic equipment - 33% on cost
Fixtures & equipment - 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.


BOB GERARD LIMITED (REGISTERED NUMBER: 01167163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Income from fixed asset investments
Income from fixed asset investments comprises rent on the company's investment property and is accounted for on a receivable basis.


Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

BOB GERARD LIMITED (REGISTERED NUMBER: 01167163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Short Electronic Fixtures
leasehold equipment & equipment Totals
£    £    £    £   
COST
At 1 March 2023 6,025 8,675 18,000 32,700
Additions - 2,081 595 2,676
Disposals - (2,598 ) - (2,598 )
At 28 February 2024 6,025 8,158 18,595 32,778
DEPRECIATION
At 1 March 2023 3,555 4,283 15,463 23,301
Charge for year 859 3,761 1,355 5,975
Eliminated on disposal - (2,598 ) - (2,598 )
At 28 February 2024 4,414 5,446 16,818 26,678
NET BOOK VALUE
At 28 February 2024 1,611 2,712 1,777 6,100
At 28 February 2023 2,470 4,392 2,537 9,399

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,419 76,546
Amounts owed by group undertakings 221,136 253,006
Other debtors 12,218 8,127
274,773 337,679

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 383,358 185,638
Taxation and social security 1,369 5,162
Other creditors 59,477 30,980
454,204 231,780

BOB GERARD LIMITED (REGISTERED NUMBER: 01167163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,329 23,331
Other creditors 148,000 100,000
161,329 123,331

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Vehicle consignment finance 342,138 165,033

Trade creditors include an amount of £342,138 due to International Motor Finance Ltd (2023: £165,033) under the terms of a vehicle consignment agreement. The amounts due under this agreement are secured against the relevant vehicles and their ultimate sale proceeds.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,188 Ordinary £1 3,188 3,188

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 March 2023 91,635 479,258 570,893
Profit for the year 86,868 86,868
Dividends (65,500 ) (65,500 )
At 28 February 2024 113,003 479,258 592,261