01 April 2023 31 March 2024 No principle activity is included 04757426 2023-04-01 04757426 2024-03-31 04757426 2023-04-01 2024-03-31 04757426 2023-03-31 04757426 2022-04-01 2023-03-31 04757426 uk-core:WithinOneYear 2024-03-31 04757426 uk-core:WithinOneYear 2023-03-31 04757426 uk-core:AfterOneYear 2024-03-31 04757426 uk-core:AfterOneYear 2023-03-31 04757426 uk-core:ShareCapital 2024-03-31 04757426 uk-core:ShareCapital 2023-03-31 04757426 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 04757426 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 04757426 uk-bus:Director1 2023-04-01 2024-03-31 04757426 uk-bus:RegisteredOffice 2023-04-01 2024-03-31 04757426 uk-curr:PoundSterling 2023-04-01 2024-03-31 04757426 uk-core:PlantMachinery 2023-04-01 2024-03-31 04757426 uk-core:Vehicles 2023-04-01 2024-03-31 04757426 uk-core:OfficeEquipment 2023-04-01 2024-03-31 04757426 uk-core:VehiclesPlantMachinery 2023-03-31 04757426 uk-core:FurnitureFittingsToolsEquipment 2023-03-31 04757426 uk-core:VehiclesPlantMachinery 2023-04-01 2024-03-31 04757426 uk-core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 04757426 uk-core:VehiclesPlantMachinery 2024-03-31 04757426 uk-core:FurnitureFittingsToolsEquipment 2024-03-31 04757426 uk-core:BetweenTwoFiveYears 2024-03-31 04757426 uk-core:BetweenTwoFiveYears 2023-03-31 04757426 uk-bus:FRS102 2023-04-01 2024-03-31 04757426 uk-bus:FullAccounts 2023-04-01 2024-03-31 04757426 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04757426 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  G.S. DEVELOPMENT SERVICES LTD
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 31 MARCH 2024
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  G.S. DEVELOPMENT SERVICES LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 MARCH 2024
       
       
  DIRECTORS
       
  S J Wood
  G R Cannell
       
       
  SECRETARY
       
  R A Johnson
       
  REGISTERED OFFICE
       
  78 Birmingham Street
Oldbury
West Midlands
B69 4EB
       
       
  COMPANY REGISTERED NUMBER
       
  04757426
       
       
  BANKERS
       
  National Westminster
       
       
  ACCOUNTANTS
       
  Lyness Accountancy Practice Limited
  Chartered Certified Accountants
  78 Birmingham Street
Oldbury
West Midlands
B69 4EB
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
  page 1
  G.S. DEVELOPMENT SERVICES LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 MARCH 2024
       
       
  CONTENTS
       
  Pages
       
       
  3-4 Statement of Financial Position  
       
       
  5-7 Notes to the Financial Statements  
       
     
  page 2
  G.S. DEVELOPMENT SERVICES LTD
  Company registered number: 04757426
  STATEMENT OF FINANCIAL POSITION AT 31 March 2024
           
    Note 2024 2023
      £ £ £
  FIXED ASSETS
  Property, plant and equipment 3 95,964 113,062
  CURRENT ASSETS    
  Debtors 4 293,770 1,020,576
  Cash at bank and in hand   40,818 134,984
      334,588 1,155,560
  CREDITORS: Amounts falling due within one year 5 170,397 818,171
  NET CURRENT ASSETS   164,191 337,389
  TOTAL ASSETS LESS CURRENT LIABILITIES   260,155 450,451
           
  CREDITORS: Amounts falling due after more than one year 6 (57,588) -
  NET ASSETS   £202,567 £450,451
       
  CAPITAL AND RESERVES
  Called up share capital   2 2
  Retained earnings   202,565 450,449
  SHAREHOLDERS' FUNDS   £202,567 £450,451
       
  The notes on pages 5-7 form part of these financial statements
   
  page 3
  G.S. DEVELOPMENT SERVICES LTD
  Company registered number: 04757426
  STATEMENT OF FINANCIAL POSITION AT 31 March 2024 (CONT.)
           
    Note 2024 2023
      £ £ £
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question 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 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: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 13 November 2024
 
  Signed on behalf of the board of directors
 
 
       
  G Cannell, Director
       
       
  The notes on pages 5-7 form part of these financial statements
   
  page 4
  G.S. DEVELOPMENT SERVICES LTD
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 31 MARCH 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  G.S. Development Services Ltd, company number 04757426 is a private company limited by shares incorporated in #England & Wales>.
         
  Registered office:
  78 Birmingham Street
Oldbury
West Midlands
B69 4EB
         
1b. Basis of accounting
         
  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" and the Companies Act 2006.
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Borrowing costs
         
  Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
         
 
         
1e. Taxation
         
         
  Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
       
1f. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Plant and machinery Over 5 years  
  Vehicles Over 2 years  
  Equipment Over 2 years  
         
1g. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
  The notes on pages 5-7 form part of these financial statements
   
  page 5
  G.S. DEVELOPMENT SERVICES LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MARCH 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1h. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2024 2023
    No. No.
  Management and administration 2 2
   
         
3. PROPERTY, PLANT AND EQUIPMENT
    Plant & Fixtures &  
    Machinery Equipment Total
    £ £ £
  Cost
         
  At 1 April 2023 254,377 15,861 270,238
  Additions 12,993 427 13,420
         
  At 31 March 2024 267,370 16,288 283,658
   
  Depreciation
         
  At 1 April 2023 142,837 14,339 157,176
  For the year 28,782 1,736 30,518
  At 31 March 2024 171,619 16,075 187,694
   
  Net Book Amounts
         
  At 31 March 2024 95,751 213 95,964
  At 31 March 2023 111,540 1,522 113,062
   
  The notes on pages 5-7 form part of these financial statements
   
  page 6
  G.S. DEVELOPMENT SERVICES LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MARCH 2024
       
       
4. DEBTORS 2024 2023
    £ £
  Trade debtors 274,100 385,380
  Amounts owed by rel companies - 600,000
  Social security and other taxes 16,122 28,395
  Other debtors 3,548 6,801
    £293,770 £1,020,576
   
       
       
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2024 2023
    £ £
  Bank loans and overdrafts 10,668 35,076
  Finance leases and hire purchase contracts 20,494 83,286
  Trade creditors 126,866 66,402
  Corporation tax - 22,068
  Other taxes and social security 9,158 5,024
  Proposed dividend - 600,000
  Accruals and deferred income 3,211 6,315
    £170,397 £818,171
   
       
       
6. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2024 2023
    £ £
  Bank loans and overdrafts 15,291 -
  Finance leases and hire purchase contracts 42,297 -
    £57,588 £-
   
       
       
  Analysis of borrowings:
       
  Due within five years:
  within 1 year
  bank 10,668 35,076
  leases 20,494 83,286
  within 2-5 years
  bank 15,291 -
  leases 42,297 -
    £88,750 £118,362
   
  The notes on pages 5-7 form part of these financial statements
   
  page 7