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REGISTERED NUMBER: 09117218 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

GEL TRANSPORT LIMITED

GEL TRANSPORT LIMITED (REGISTERED NUMBER: 09117218)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GEL TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTOR: G Evans





REGISTERED OFFICE: 1 Ansult Court
Bentley
Doncaster
South Yorkshire
DN5 0GA





REGISTERED NUMBER: 09117218 (England and Wales)





ACCOUNTANTS: Leesing Marrison Lee & Co
Chartered Certified Accountants
46 Main Street
Mexborough
South Yorkshire
S64 9DU

GEL TRANSPORT LIMITED (REGISTERED NUMBER: 09117218)

BALANCE SHEET
31ST JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 107,590 96,470

CURRENT ASSETS
Debtors 5 206,932 112,502
Cash at bank 2,254 2,433
209,186 114,935
CREDITORS
Amounts falling due within one year 6 175,712 112,696
NET CURRENT ASSETS 33,474 2,239
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,064

98,709

CREDITORS
Amounts falling due after more than one year 7 107,150 101,515
NET ASSETS/(LIABILITIES) 33,914 (2,806 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 33,913 (2,807 )
SHAREHOLDERS' FUNDS 33,914 (2,806 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 15th January 2025 and were signed by:





G Evans - Director


GEL TRANSPORT LIMITED (REGISTERED NUMBER: 09117218)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Gel Transport Limited 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

GEL TRANSPORT LIMITED (REGISTERED NUMBER: 09117218)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st August 2023 1,748 127,958 774 130,480
Additions - 47,000 - 47,000
At 31st July 2024 1,748 174,958 774 177,480
DEPRECIATION
At 1st August 2023 1,111 32,272 627 34,010
Charge for year 159 35,672 49 35,880
At 31st July 2024 1,270 67,944 676 69,890
NET BOOK VALUE
At 31st July 2024 478 107,014 98 107,590
At 31st July 2023 637 95,686 147 96,470

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 93,243 69,919
Other debtors 113,689 42,583
206,932 112,502

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 47,600 36,585
Trade creditors 81,345 61,819
Taxation and social security 45,017 12,632
Other creditors 1,750 1,660
175,712 112,696

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 107,150 101,515

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2024 and 31st July 2023:

31.7.24 31.7.23
£    £   
G Evans
Balance outstanding at start of year 42,583 32,550
Amounts advanced 179,025 90,776
Amounts repaid (107,919 ) (80,743 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 113,689 42,583