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REGISTERED NUMBER: 04779477 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 March 2024

for

GCR (Central) Limited

GCR (Central) Limited (Registered number: 04779477)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


GCR (Central) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: C Sargent





REGISTERED OFFICE: Unit B Draper Distribution Centre
Wilson Road
South Wigston
Leicester
LE18 4UL





REGISTERED NUMBER: 04779477 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
GCR (Central) Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GCR (Central) Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of GCR (Central) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GCR (Central) Limited and state those matters that we have agreed to state to the director of GCR (Central) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GCR (Central) Limited and its director for our work or for this report.

It is your duty to ensure that GCR (Central) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GCR (Central) Limited. You consider that GCR (Central) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GCR (Central) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


27 November 2024

GCR (Central) Limited (Registered number: 04779477)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,564 39,082
Investments 5 317,949 261,019
356,513 300,101

CURRENT ASSETS
Stocks 6 294,831 228,451
Debtors 7 124,042 103,421
Cash at bank and in hand 181,429 147,911
600,302 479,783
CREDITORS
Amounts falling due within one year 8 79,464 49,134
NET CURRENT ASSETS 520,838 430,649
TOTAL ASSETS LESS CURRENT
LIABILITIES

877,351

730,750

PROVISIONS FOR LIABILITIES 16,889 9,128
NET ASSETS 860,462 721,622

CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 31,850 8,821
Retained earnings 828,611 712,800
SHAREHOLDERS' FUNDS 860,462 721,622

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.

GCR (Central) Limited (Registered number: 04779477)

Balance Sheet - continued
31 March 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 director and authorised for issue on 27 November 2024 and were signed by:





C Sargent - Director


GCR (Central) Limited (Registered number: 04779477)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

GCR (Central) 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 as modified by the revaluation of certain assets.

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 - 20% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 33% reducing balance
Computer equipment - 20% reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

GCR (Central) Limited (Registered number: 04779477)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 14,195 42,245 50,144 3,881 110,465
Additions 9,235 355 - - 9,590
At 31 March 2024 23,430 42,600 50,144 3,881 120,055
DEPRECIATION
At 1 April 2023 9,452 31,469 28,019 2,443 71,383
Charge for year 2,796 1,670 5,354 288 10,108
At 31 March 2024 12,248 33,139 33,373 2,731 81,491
NET BOOK VALUE
At 31 March 2024 11,182 9,461 16,771 1,150 38,564
At 31 March 2023 4,743 10,776 22,125 1,438 39,082

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 261,019
Additions 26,225
Revaluations 30,705
At 31 March 2024 317,949
NET BOOK VALUE
At 31 March 2024 317,949
At 31 March 2023 261,019

GCR (Central) Limited (Registered number: 04779477)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2023 11,761
Valuation in 2024 30,705
Cost 275,483
317,949

6. STOCKS
31.3.24 31.3.23
£    £   
Cars & raw materials 294,831 228,451

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,126 8,791
Other trade debtors 109,754 84,649
Prepayments and accrued income 11,162 9,981
124,042 103,421

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 8,570 8,089
Corporation tax 48,831 20,202
VAT 10,549 17,352
Other creditors 163 -
Net wages 7,132 -
Directors' current accounts 802 161
Accruals and deferred income 3,417 3,330
79,464 49,134

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1

GCR (Central) Limited (Registered number: 04779477)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


10. RESERVES
Revaluation
reserve
£   
At 1 April 2023 8,821
Revaluation 30,705
Deferred tax movement (7,676 )

At 31 March 2024 31,850

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
C Sargent
Balance outstanding at start of year (161 ) 3,339
Amounts advanced 161 35,200
Amounts repaid - (38,700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (161 )

The loan is interest free and repayable on demand.