GAP CONTAINER SERVICES LIMITED

Company Registration Number:
04672111 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

GAP CONTAINER SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

GAP CONTAINER SERVICES LIMITED

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 822,588 570,355
Investments: 4 0 100,000
Total fixed assets: 822,588 670,355
Current assets
Stocks: 229,624 557,881
Debtors: 5 663,783 568,522
Cash at bank and in hand: 130,163 192,511
Total current assets: 1,023,570 1,318,914
Creditors: amounts falling due within one year: 6 (1,012,960) (1,158,223)
Net current assets (liabilities): 10,610 160,691
Total assets less current liabilities: 833,198 831,046
Creditors: amounts falling due after more than one year: 7 (214,500) (164,870)
Provision for liabilities: (191,926) (126,439)
Total net assets (liabilities): 426,772 539,737
Capital and reserves
Called up share capital: 103 100
Profit and loss account: 426,669 539,637
Shareholders funds: 426,772 539,737

The notes form part of these financial statements

GAP CONTAINER SERVICES LIMITED

Balance sheet statements

For the year ending 28 February 2024 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 27 November 2024
and signed on behalf of the board by:

Name: Mr G Eglinton
Status: Director

The notes form part of these financial statements

GAP CONTAINER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

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

GAP CONTAINER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 13 15

GAP CONTAINER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 1,328,170
Additions 493,239
Disposals (301,521)
At 28 February 2024 1,519,888
Depreciation
At 01 March 2023 757,815
Charge for year 124,913
On disposals (185,428)
At 28 February 2024 697,300
Net book value
At 28 February 2024 822,588
At 28 February 2023 570,355

GAP CONTAINER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Fixed investments

Cost at 1 March 2023 £100,000 Written off in year £100,000 Cost at 29 February 2024 £NIL

GAP CONTAINER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

GAP CONTAINER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

6. Creditors: amounts falling due within one year note

Bank loan and overdraft £10,000 (2023 £5,833) Other loans £248,087 (2023 £37,425) HP contracts £127,985 (2023 £146,567) Trade creditors £528,901 (2023 £851,684) Tax £-413 (2023 £8,216) Social security and other taxes £11,369 (2023 £11,544) VAT £46,931 (2023 £23,246) Other creditors £12,872 (2023 £12,545) Directors loan account £1,369 (2023 £1,020) Accrued expenses £25,859 (2023 £60,143)

GAP CONTAINER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

7. Creditors: amounts falling due after more than one year note

Bank loans 1-2 years £10,000 (2023 £10,000) Bank loans 2-5 years £4,167 (2023 £18,333) HP contracts £200,333 (2023 £136,537)

GAP CONTAINER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

8. Loans to directors

Name of director receiving advance or credit: G Eglinton
Description of the loan: A loan to finance the purchase of a property.
£
Balance at 01 March 2023 13,609
Advances or credits made: 303,829
Advances or credits repaid: 18,350
Balance at 28 February 2024 299,088

GAP CONTAINER SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

9. Post balance sheet events

During November 2024 the director Mr G Eglinton transferred ownership of a property to the company having a market value of £300,000 to offset his overdrawn director's loan account