GB TRANSPORT AND LOGISTICS LIMITED

Company Registration Number:
11050528 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

GB TRANSPORT AND LOGISTICS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

GB TRANSPORT AND LOGISTICS LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 387,400 285,170
Total fixed assets: 387,400 285,170
Current assets
Debtors:   112,225 72,088
Cash at bank and in hand: 179,833 87,793
Total current assets: 292,058 159,881
Creditors: amounts falling due within one year:   (244,603) (149,318)
Net current assets (liabilities): 47,455 10,563
Total assets less current liabilities: 434,855 295,733
Creditors: amounts falling due after more than one year:   (190,628) (150,083)
Total net assets (liabilities): 244,227 145,650
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 244,226 145,649
Shareholders funds: 244,227 145,650

The notes form part of these financial statements

GB TRANSPORT AND LOGISTICS LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 November 2024
and signed on behalf of the board by:

Name: Mr Glen Beesley
Status: Director

The notes form part of these financial statements

GB TRANSPORT AND LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Computers 33.33% per annum on a straight line basis Motor vehicles 25% per annum on a reducing balance basis The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

GB TRANSPORT AND LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 4 3

GB TRANSPORT AND LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 392,727
Additions 190,970
At 30 November 2023 583,697
Depreciation
At 01 December 2022 107,557
Charge for year 88,740
At 30 November 2023 196,297
Net book value
At 30 November 2023 387,400
At 30 November 2022 285,170