IRIS Accounts Production v24.3.0.553 10212866 director 1.7.23 30.6.24 30.6.24 Car Sales 0 0 false true false false true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102128662023-06-30102128662024-06-30102128662023-07-012024-06-30102128662022-06-30102128662022-07-012023-06-30102128662023-06-3010212866ns15:EnglandWales2023-07-012024-06-3010212866ns14:PoundSterling2023-07-012024-06-3010212866ns10:Director12023-07-012024-06-3010212866ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3010212866ns10:SmallEntities2023-07-012024-06-3010212866ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3010212866ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3010212866ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3010212866ns10:FullAccounts2023-07-012024-06-3010212866ns10:CompanySecretary12023-07-012024-06-3010212866ns10:RegisteredOffice2023-07-012024-06-3010212866ns5:CurrentFinancialInstruments2024-06-3010212866ns5:CurrentFinancialInstruments2023-06-3010212866ns5:Non-currentFinancialInstruments2024-06-3010212866ns5:Non-currentFinancialInstruments2023-06-3010212866ns5:RetainedEarningsAccumulatedLosses2024-06-3010212866ns5:RetainedEarningsAccumulatedLosses2023-06-30
REGISTERED NUMBER: 10212866 (England and Wales)















GP Motors Wakefield Limited

Report of the Director and

Unaudited Financial Statements for the Year Ended 30 June 2024






GP Motors Wakefield Limited (Registered number: 10212866)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


GP Motors Wakefield Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: G Pumford





SECRETARY:





REGISTERED OFFICE: Unit 3
Cross Pipes Road
Alverthorpe
Wakefield
West Yorkshire
WF2 0BG





REGISTERED NUMBER: 10212866 (England and Wales)





ACCOUNTANTS: Amanda C.Jackson FCCA
Suite 5.05 Windsor House
Cornwall Road
Harrogate
North Yorkshire
HG1 2PW

GP Motors Wakefield Limited (Registered number: 10212866)

Report of the Director
for the Year Ended 30 June 2024

The director presents his report with the financial statements of the company for the year ended 30 June 2024.

DIRECTOR
G Pumford held office during the whole of the period from 1 July 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





G Pumford - Director


20 August 2024

GP Motors Wakefield Limited (Registered number: 10212866)

Income Statement
for the Year Ended 30 June 2024

30.6.24 30.6.23
£    £   

TURNOVER 84,871 80,346

Cost of sales 65,198 69,588
GROSS PROFIT 19,673 10,758

Administrative expenses 6,084 5,333
OPERATING PROFIT 13,589 5,425


Interest payable and similar expenses 406 556
PROFIT BEFORE TAXATION 13,183 4,869

Tax on profit 2,505 925
PROFIT FOR THE FINANCIAL YEAR 10,678 3,944

GP Motors Wakefield Limited (Registered number: 10212866)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
CURRENT ASSETS
Stocks 5,460 4,250
Cash at bank 11,246 5,592
16,706 9,842
CREDITORS
Amounts falling due within one year 4 14,705 12,925
NET CURRENT ASSETS/(LIABILITIES) 2,001 (3,083 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,001

(3,083

)

CREDITORS
Amounts falling due after more than one
year

5

13,406

19,000
NET LIABILITIES (11,405 ) (22,083 )

RESERVES
Retained earnings (11,405 ) (22,083 )
SHAREHOLDERS' FUNDS (11,405 ) (22,083 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 20 August 2024 and were signed by:





G Pumford - Director


GP Motors Wakefield Limited (Registered number: 10212866)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

GP Motors Wakefield 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 2,505 925
Other creditors 12,200 12,000
14,705 12,925

GP Motors Wakefield Limited (Registered number: 10212866)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 13,406 19,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,406 19,000