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REGISTERED NUMBER: 12622225 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

GAGB Ltd

GAGB Ltd (Registered number: 12622225)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GAGB Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: G A Bell





REGISTERED OFFICE: 19 Warren Park Way
Enderby
Leicester
LE19 4SA





REGISTERED NUMBER: 12622225 (England and Wales)





ACCOUNTANTS: Carter & Co
19 Warren Park Way
Enderby
Leicester
LE19 4SA

GAGB Ltd (Registered number: 12622225)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,157 1,446

CURRENT ASSETS
Debtors 5 7,154 7,441
Cash at bank 10,997 21,544
18,151 28,985
CREDITORS
Amounts falling due within one year 6 12,444 23,279
NET CURRENT ASSETS 5,707 5,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,864

7,152

PROVISIONS FOR LIABILITIES 220 276
NET ASSETS 6,644 6,876

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 6,544 6,776
SHAREHOLDERS' FUNDS 6,644 6,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 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 director and authorised for issue on 3 January 2025 and were signed by:




G A Bell - Director


GAGB Ltd (Registered number: 12622225)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

GAGB 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.

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 reducing balance

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 1,979
DEPRECIATION
At 1 June 2023 533
Charge for year 289
At 31 May 2024 822
NET BOOK VALUE
At 31 May 2024 1,157
At 31 May 2023 1,446

GAGB Ltd (Registered number: 12622225)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 7,154 7,441

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 96 90
Tax 7,037 10,123
Other creditors 832 832
Directors' current accounts 3,519 11,314
Accrued expenses 960 920
12,444 23,279

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1.00 100 100

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2023 - £38,000) were paid to the director .