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REGISTERED NUMBER: 04353383 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

G. P. CONVEYORS LTD.

G. P. CONVEYORS LTD. (REGISTERED NUMBER: 04353383)






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


G. P. CONVEYORS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr G W Percival





SECRETARY: Mrs D A Percival





REGISTERED OFFICE: Unit 6 A6 Business Centre
Telford Way
Telford Way Industrial Estate
Kettering
Northamptonshire
NN16 8UN





REGISTERED NUMBER: 04353383 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

G. P. CONVEYORS LTD. (REGISTERED NUMBER: 04353383)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,785 2,997

CURRENT ASSETS
Debtors 5 203,585 222,411
Cash at bank and in hand 1,642 52,934
205,227 275,345
CREDITORS
Amounts falling due within one year 6 140,364 147,158
NET CURRENT ASSETS 64,863 128,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,648

131,184

CREDITORS
Amounts falling due after more than one year 7 (11,133 ) (19,263 )

PROVISIONS FOR LIABILITIES (446 ) (749 )
NET ASSETS 55,069 111,172

CAPITAL AND RESERVES
Called up, fully paid share capital 1,100 1,100
Retained earnings 53,969 110,072
SHAREHOLDERS' FUNDS 55,069 111,172

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 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.

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 director and authorised for issue on 25 September 2024 and were signed by:





Mr G W Percival - Director


G. P. CONVEYORS LTD. (REGISTERED NUMBER: 04353383)

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

1. STATUTORY INFORMATION

G. P. Conveyors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net invoiced sales of goods and 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 - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

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.

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 2 (2023 - 2 ) .

G. P. CONVEYORS LTD. (REGISTERED NUMBER: 04353383)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 41,420 9,810 5,353 56,583
DEPRECIATION
At 1 April 2023 40,247 9,810 3,529 53,586
Charge for year 293 - 919 1,212
At 31 March 2024 40,540 9,810 4,448 54,798
NET BOOK VALUE
At 31 March 2024 880 - 905 1,785
At 31 March 2023 1,173 - 1,824 2,997

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 187,767 60,249
Other debtors 15,818 162,162
203,585 222,411

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,130 7,929
Trade creditors 10,021 14,858
Taxation and social security 27,987 26,507
Other creditors 94,226 97,864
140,364 147,158

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,133 19,263

8. RELATED PARTY DISCLOSURES

At the balance sheet date the amount due to the director and shareholders totalled £91,180 (2023 - £ 94,978). Interest has not been charged on the loans and there are no fixed terms of repayment.