2023-05-01 2024-04-30 false Capium Accounts Production 1.1 08972521 2023-05-01 2024-04-30 08972521 bus:AbridgedAccounts 2023-05-01 2024-04-30 08972521 bus:FRS102 2023-05-01 2024-04-30 08972521 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08972521 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08972521 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08972521 2023-05-01 2024-04-30 08972521 2024-04-30 08972521 bus:RegisteredOffice 2023-05-01 2024-04-30 08972521 core:WithinOneYear 2024-04-30 08972521 core:AfterOneYear 2024-04-30 08972521 1 2023-05-01 2024-04-30 08972521 bus:Director1 2023-05-01 2024-04-30 08972521 bus:Director1 2024-04-30 08972521 bus:Director1 2022-05-01 2023-04-30 08972521 2022-05-01 08972521 bus:LeadAgentIfApplicable 2023-05-01 2024-04-30 08972521 2022-05-01 2023-04-30 08972521 2023-04-30 08972521 core:WithinOneYear 2023-04-30 08972521 core:AfterOneYear 2023-04-30 08972521 bus:EntityAccountantsOrAuditors 2022-05-01 2023-04-30 08972521 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 08972521 bus:OrdinaryShareClass1 2024-04-30 08972521 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 08972521 bus:OrdinaryShareClass1 2023-04-30 08972521 core:CostValuation core:Non-currentFinancialInstruments 2024-04-30 08972521 core:CostValuation core:Non-currentFinancialInstruments 2023-04-30 08972521 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-04-30 08972521 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-04-30 08972521 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-04-30 08972521 core:Non-currentFinancialInstruments 2024-04-30 08972521 core:Non-currentFinancialInstruments 2023-04-30 08972521 core:ShareCapital 2024-04-30 08972521 core:ShareCapital 2023-04-30 08972521 core:RetainedEarningsAccumulatedLosses 2024-04-30 08972521 core:RetainedEarningsAccumulatedLosses 2023-04-30 08972521 dpl:Item1 2023-05-01 08972521 dpl:Item1 2024-04-30 08972521 dpl:Item1 2022-05-01 08972521 dpl:Item1 2023-04-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 08972521
England and Wales

 

 

 

GB CARS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
 
 
Notes
 
2024
£
  2023
£
Current assets      
Stocks 59,100    56,400 
Debtors 105   
Cash at bank and in hand 1,040    1,040 
60,245    57,440 
Creditors: amount falling due within one year (47,780)   (40,188)
Net current assets 12,465    17,252 
 
Total assets less current liabilities 12,465    17,252 
Creditors: amount falling due after more than one year (35,481)   (40,675)
Net assets (23,016)   (23,423)
 

Capital and reserves
     
Called up share capital 3 1    1 
Profit and loss account (23,017)   (23,424)
Shareholders' funds (23,016)   (23,423)
 


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 14 January 2025 and were signed by:


-------------------------------
Noman Malik
Director
1
General Information
GB CARS LTD is a private company, limited by shares, registered in England and Wales, registration number 08972521, registration address 431 Ilford Lane, Ilford, Essex, IG1 2PG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Class A share of £1.00 each  
 

2