01 May 2023 30 April 2024 No principle activity is included 03015169 2023-05-01 03015169 2024-04-30 03015169 2023-05-01 2024-04-30 03015169 2023-04-30 03015169 2022-05-01 2023-04-30 03015169 uk-core:WithinOneYear 2024-04-30 03015169 uk-core:WithinOneYear 2023-04-30 03015169 uk-core:AfterOneYear 2024-04-30 03015169 uk-core:AfterOneYear 2023-04-30 03015169 uk-core:ShareCapital 2024-04-30 03015169 uk-core:ShareCapital 2023-04-30 03015169 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 03015169 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 03015169 uk-bus:Director1 2023-05-01 2024-04-30 03015169 uk-bus:RegisteredOffice 2023-05-01 2024-04-30 03015169 uk-curr:PoundSterling 2023-05-01 2024-04-30 03015169 uk-core:PlantMachinery 2023-05-01 2024-04-30 03015169 uk-core:Vehicles 2023-05-01 2024-04-30 03015169 uk-core:FurnitureFittings 2023-05-01 2024-04-30 03015169 uk-core:OfficeEquipment 2023-05-01 2024-04-30 03015169 uk-core:NetGoodwill 2023-04-30 03015169 uk-core:NetGoodwill 2024-04-30 03015169 uk-core:VehiclesPlantMachinery 2023-04-30 03015169 uk-core:FurnitureFittingsToolsEquipment 2023-04-30 03015169 uk-core:VehiclesPlantMachinery 2024-04-30 03015169 uk-core:FurnitureFittingsToolsEquipment 2024-04-30 03015169 uk-core:VehiclesPlantMachinery 2023-05-01 2024-04-30 03015169 uk-core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 03015169 uk-core:BetweenOneTwoYears 2024-04-30 03015169 uk-core:BetweenOneTwoYears 2023-04-30 03015169 uk-bus:FRS102 2023-05-01 2024-04-30 03015169 uk-bus:FullAccounts 2023-05-01 2024-04-30 03015169 uk-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03015169 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  GCL B2B LIMITED
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 30 APRIL 2024
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  GCL B2B LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 30 APRIL 2024
       
       
  DIRECTORS
       
  L M Callaghan
  G Crowder
  J H H Crowder
       
       
  SECRETARY
       
  G Crowder
       
  REGISTERED OFFICE
       
  78 Birmingham Street
Oldbury
West Midlands
B69 4EB
       
       
  COMPANY REGISTERED NUMBER
       
  03015169
       
       
  BANKERS
       
  Lloyds Bank plc
       
       
  ACCOUNTANTS
       
  Lyness Accountancy Practice Limited
  Chartered Certified Accountants
  78 Birmingham Street
Oldbury
West Midlands
B69 4EB
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
  page 1
  GCL B2B LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 30 APRIL 2024
       
       
  CONTENTS
       
  Pages
       
       
  3-4 Statement of Financial Position  
       
       
  5-8 Notes to the Financial Statements  
       
     
  page 2
  GCL B2B LIMITED
  Company registered number: 03015169
  STATEMENT OF FINANCIAL POSITION AT 30 April 2024
           
    Note 2024 2023
      £ £ £
  FIXED ASSETS
  Intangible assets 3 15,000 15,000
  Property, plant and equipment 4 15,041 18,419
      30,041 33,419
  CURRENT ASSETS    
  Inventories   34,956 38,955
  Debtors 5 579,170 303,735
  Cash at bank and in hand   575,439 865,027
      1,189,565 1,207,717
  CREDITORS: Amounts falling due within one year 6 917,680 887,744
  NET CURRENT ASSETS   271,885 319,973
  TOTAL ASSETS LESS CURRENT LIABILITIES   301,926 353,392
           
  CREDITORS: Amounts falling due after more than one year 7 (72,848) (134,156)
  NET ASSETS   £229,078 £219,236
       
  CAPITAL AND RESERVES
  Called up share capital   10,000 10,000
  Retained earnings   219,078 209,236
  SHAREHOLDERS' FUNDS   £229,078 £219,236
       
  The notes on pages 5-8 form part of these financial statements
   
  page 3
  GCL B2B LIMITED
  Company registered number: 03015169
  STATEMENT OF FINANCIAL POSITION AT 30 April 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 30 April 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 08/01/2025
 
  Signed on behalf of the board of directors
 
 
       
  G Crowder, Director
       
       
  The notes on pages 5-8 form part of these financial statements
   
  page 4
  GCL B2B LIMITED
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 30 APRIL 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  GCL B2B Limited, company number 03015169 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 the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from that standard.
         
  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. 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.
       
1e. 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 Reducing balance 25%  
  Vehicles Reducing balance 25%  
  Fixtures and fittings Reducing balance 15%  
  Equipment Reducing balance 25%  
         
1f. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
  The notes on pages 5-8 form part of these financial statements
   
  page 5
  GCL B2B LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 APRIL 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1g. 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.
         
 
         
1h. Foreign currencies
         
  Transactions in foreign currencies are initially recorded in the entity’s functional currency by applying the spot exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2024 2023
    No. No.
  Management and administration 14 7
   
       
       
3. INTANGIBLE FIXED ASSETS
       
    Goodwill Total
    £ £
  Cost
       
  At 1 May 2023 15,000 15,000
  At 30 April 2024 15,000 15,000
  Amortisation
       
  At 30 April 2024 - -
   
  Net Book Amounts
       
  At 30 April 2024 15,000 15,000
  At 30 April 2023 15,000 15,000
   
  The notes on pages 5-8 form part of these financial statements
   
  page 6
  GCL B2B LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 APRIL 2024
         
4. PROPERTY, PLANT AND EQUIPMENT
    Plant & Fixtures &  
    Machinery Equipment Total
    £ £ £
  Cost
         
  At 1 May 2023 26,114 29,175 55,289
         
  At 30 April 2024 26,114 29,175 55,289
   
  Depreciation
         
  At 1 May 2023 13,853 23,017 36,870
  For the year 1,839 1,539 3,378
  At 30 April 2024 15,692 24,556 40,248
   
  Net Book Amounts
         
  At 30 April 2024 10,422 4,619 15,041
  At 30 April 2023 12,261 6,158 18,419
   
       
       
5. DEBTORS 2024 2023
    £ £
  Trade debtors 475,743 249,595
  Social security and other taxes 9,970 2,301
  Other debtors 93,457 51,839
    £579,170 £303,735
   
       
       
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2024 2023
    £ £
  Loans 324,387 324,387
  Bank loans and overdrafts 61,308 56,106
  Trade creditors 156,798 99,918
  Corporation tax 72,301 49,069
  Other taxes and social security 5,234 2,188
  Other creditors 2,324 909
  Accruals and deferred income 295,328 355,167
    £917,680 £887,744
   
       
  The notes on pages 5-8 form part of these financial statements
   
  page 7
  GCL B2B LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 APRIL 2024
       
       
7. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2024 2023
    £ £
  Bank loans and overdrafts 72,848 134,156
    £72,848 £134,156
   
       
       
  Analysis of borrowings:
       
  Due within five years:
  within 1 year
  bank 61,308 56,106
  other 324,387 324,387
  within 1-2 years
  bank 72,848 134,156
    £458,543 £514,649
   
  The notes on pages 5-8 form part of these financial statements
   
  page 8