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REGISTERED NUMBER: 11632301















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

GB ENGINE EXPORTS LIMITED

GB ENGINE EXPORTS LIMITED (REGISTERED NUMBER: 11632301)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Report of the Director 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


GB ENGINE EXPORTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr M J Baker





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 11632301





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

GB ENGINE EXPORTS LIMITED (REGISTERED NUMBER: 11632301)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 OCTOBER 2024

The director presents his report with the financial statements of the company for the year ended 31 October 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of motor vehicle parts and accessories.

DIRECTOR
Mr M J Baker held office during the whole of the period from 1 November 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr M J Baker - Director


18 December 2024

GB ENGINE EXPORTS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
GB ENGINE EXPORTS LIMITED


In accordance with the engagement letter , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 October 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ


18 December 2024

GB ENGINE EXPORTS LIMITED (REGISTERED NUMBER: 11632301)

INCOME STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2024

31.10.24 31.10.23
£    £   

TURNOVER 1,312,755 1,500,180

Cost of sales 974,126 1,145,788
GROSS PROFIT 338,629 354,392

Administrative expenses 132,676 98,765
OPERATING PROFIT 205,953 255,627

Interest receivable and similar income 1,958 1,479
207,911 257,106

Interest payable and similar expenses - 1
PROFIT BEFORE TAXATION 207,911 257,105

Tax on profit 52,852 58,328
PROFIT FOR THE FINANCIAL YEAR 155,059 198,777

GB ENGINE EXPORTS LIMITED (REGISTERED NUMBER: 11632301)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £   
CURRENT ASSETS
Debtors 4 748,994 761,606
Cash at bank 685,709 535,408
1,434,703 1,297,014
CREDITORS
Amounts falling due within one year 5 51,099 66,469
NET CURRENT ASSETS 1,383,604 1,230,545
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,383,604

1,230,545

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 7 1,383,602 1,230,543
SHAREHOLDERS' FUNDS 1,383,604 1,230,545

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 18 December 2024 and were signed by:





Mr M J Baker - Director


GB ENGINE EXPORTS LIMITED (REGISTERED NUMBER: 11632301)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Gb Engine Exports Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. DEBTORS
31.10.24 31.10.23
£    £   
Amounts falling due within one year:
Trade debtors 151,660 124,140
VAT 51,064 67,899
202,724 192,039

Amounts falling due after more than one year:
Other debtors 546,270 569,567

Aggregate amounts 748,994 761,606

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors (2,008 ) 4,981
Corporation tax 52,852 58,328
Social security and other taxes (289 ) 2,918
Pension payable 430 174
Director's current account 114 68
51,099 66,469

GB ENGINE EXPORTS LIMITED (REGISTERED NUMBER: 11632301)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
2 Ordinary 1 2 2

7. RESERVES
Retained
earnings
£   

At 1 November 2023 1,230,543
Profit for the year 155,059
Dividends (2,000 )
At 31 October 2024 1,383,602

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 were paid to the director .

At the balance sheet date, included within creditors due within one year, is an amount of £114 (2023 - £68) owed to the director. This loan is interest free, of no fixed term and repayable on demand.

The company is controlled by its director and shareholders.