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REGISTERED NUMBER: 04421149 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

G L C Repairs Limited

G L C Repairs Limited (Registered number: 04421149)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G L C Repairs Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs J Lockington
P E Lockington
Mrs K D Reeve
Ms D L Lockington





REGISTERED OFFICE: Europa Way
Stallingborough
Grimsby
North East Lincs
DN41 8DS





REGISTERED NUMBER: 04421149 (England and Wales)






G L C Repairs Limited (Registered number: 04421149)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,276 73,665

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5 132,131 110,496
Investments 6 150,000 150,000
Cash at bank 176,143 124,315
459,774 386,311
CREDITORS
Amounts falling due within one year 7 111,430 72,699
NET CURRENT ASSETS 348,344 313,612
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,620

387,277

PROVISIONS FOR LIABILITIES 14,069 18,417
NET ASSETS 390,551 368,860

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 388,551 366,860
390,551 368,860

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 directors acknowledge their 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.

G L C Repairs Limited (Registered number: 04421149)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by:





Mrs J Lockington - Director


G L C Repairs Limited (Registered number: 04421149)

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

1. STATUTORY INFORMATION

G L C Repairs 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.

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 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 etc - 20% on cost and 15% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell

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.

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 14 (2023 - 14 ) .

G L C Repairs Limited (Registered number: 04421149)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 126,405
DEPRECIATION
At 1 July 2023 52,740
Charge for year 17,389
At 30 June 2024 70,129
NET BOOK VALUE
At 30 June 2024 56,276
At 30 June 2023 73,665

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 119,233 97,901
Other debtors 12,898 12,595
132,131 110,496

6. CURRENT ASSET INVESTMENTS
30.6.24 30.6.23
£    £   
Investment loan 150,000 150,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 5,794 8,376
Taxation and social security 75,285 47,917
Other creditors 30,351 16,406
111,430 72,699

8. RELATED PARTY DISCLOSURES

During the year the company had the following transactions with related parties.

30.6.24 30.6.23
£ £
Sales of goods and services to GL Commercials 223,579 162,661
Amounts owing to the company from GL Commercials 65,720 47,294
Amounts owing to the company from Europa Way Trailer Services Ltd 10,000 10,000

The related parties are business which are under the common control of the director.