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REGISTERED NUMBER: 07059388 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

GPT LOGISTICS LTD

GPT LOGISTICS LTD (REGISTERED NUMBER: 07059388)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GPT LOGISTICS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S A Ashworth
G Poole
Ms A Metcalfe
P B Shaw





REGISTERED OFFICE: Gaps House
The Klondike
Chichester Street
Rochdale
Lancashire
OL16 2AU





REGISTERED NUMBER: 07059388 (England and Wales)





ACCOUNTANTS: Wyatt Morris Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

GPT LOGISTICS LTD (REGISTERED NUMBER: 07059388)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 147,336 174,930

CURRENT ASSETS
Debtors 5 561,186 573,560
Cash at bank and in hand 178,801 376,749
739,987 950,309
CREDITORS
Amounts falling due within one year 6 381,757 392,755
NET CURRENT ASSETS 358,230 557,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

505,566

732,484

PROVISIONS FOR LIABILITIES 36,834 43,732
NET ASSETS 468,732 688,752

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 468,332 688,352
SHAREHOLDERS' FUNDS 468,732 688,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2024 and were signed on its behalf by:





G Poole - Director


GPT LOGISTICS LTD (REGISTERED NUMBER: 07059388)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

GPT Logistics Ltd 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 represents the net invoices sales of services, excluding value added tax.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 19 (2023 - 19 ) .

GPT LOGISTICS LTD (REGISTERED NUMBER: 07059388)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 31,155 80,868 249,315 361,338
Additions - 1,021 7,950 8,971
Disposals - - (26,700 ) (26,700 )
At 31 March 2024 31,155 81,889 230,565 343,609
DEPRECIATION
At 1 April 2023 6,991 58,039 121,378 186,408
Charge for year 3,625 3,580 23,526 30,731
Eliminated on disposal - - (20,866 ) (20,866 )
At 31 March 2024 10,616 61,619 124,038 196,273
NET BOOK VALUE
At 31 March 2024 20,539 20,270 106,527 147,336
At 31 March 2023 24,164 22,829 127,937 174,930

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 557,821 573,560
Tax 1,724 -
Prepayments and accrued income 1,641 -
561,186 573,560

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 322,053 191,792
Tax 2,025 73,080
Social security and other taxes 10,881 8,593
VAT 21,938 49,593
Other creditors 7,306 7,220
Accrued expenses 17,554 62,477
381,757 392,755

7. ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their 100% holding of the issued share capital.