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REGISTERED NUMBER: 01809243 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

GPR LTD

GPR LTD (REGISTERED NUMBER: 01809243)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GPR LTD

COMPANY INFORMATION
for the Year Ended 30 November 2024







DIRECTORS: V Ward
Mrs S D Ward





REGISTERED OFFICE: Unit 18
St George's Industrial Estate
Wilton Road
Camberley
Surrey
GU15 2QW





REGISTERED NUMBER: 01809243 (England and Wales)





ACCOUNTANTS: Fox & Co (Accountants) Ltd
The Clock House
Western Court
Bishop's Sutton.
Alresford
Hampshire
SO24 0AA

GPR LTD (REGISTERED NUMBER: 01809243)

BALANCE SHEET
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 363,794 349,293
363,794 349,293

CURRENT ASSETS
Stocks 41,319 45,076
Debtors 6 139,303 216,332
Cash at bank and in hand 284,875 236,942
465,497 498,350
CREDITORS
Amounts falling due within one year 7 214,515 181,225
NET CURRENT ASSETS 250,982 317,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

614,776

666,418

CREDITORS
Amounts falling due after more than one
year

8

(15,509

)

(71,528

)

PROVISIONS FOR LIABILITIES (89,431 ) (85,473 )
NET ASSETS 509,836 509,417

CAPITAL AND RESERVES
Called up share capital 125 100
Retained earnings 509,711 509,317
SHAREHOLDERS' FUNDS 509,836 509,417

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

GPR LTD (REGISTERED NUMBER: 01809243)

BALANCE SHEET - continued
30 November 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 6 January 2025 and were signed on its behalf by:





V Ward - Director


GPR LTD (REGISTERED NUMBER: 01809243)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

GPR Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 20% on reducing balance and 10% on cost

Fixed assets are stated at their cost prices, less accumulated depreciation and amounts recognised in respect of impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors and creditors receivable/payable within one year
Debtors and creditors with not stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.


GPR LTD (REGISTERED NUMBER: 01809243)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 90,850
AMORTISATION
At 1 December 2023
and 30 November 2024 90,850
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

GPR LTD (REGISTERED NUMBER: 01809243)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 903,481
Additions 53,224
At 30 November 2024 956,705
DEPRECIATION
At 1 December 2023 554,188
Charge for year 38,723
At 30 November 2024 592,911
NET BOOK VALUE
At 30 November 2024 363,794
At 30 November 2023 349,293

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 510,327
DEPRECIATION
At 1 December 2023 213,352
Charge for year 29,697
At 30 November 2024 243,049
NET BOOK VALUE
At 30 November 2024 267,278
At 30 November 2023 296,975

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 132,431 210,528
Other debtors 6,872 5,804
139,303 216,332

GPR LTD (REGISTERED NUMBER: 01809243)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 46,019 43,519
Trade creditors 69,047 44,290
Taxation and social security 81,769 77,281
Other creditors 7,680 6,135
214,515 181,225

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,833 15,833
Hire purchase contracts 9,676 55,695
15,509 71,528