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REGISTERED NUMBER: 02776511 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

G. b. Couriers Limited

G. b. Couriers Limited (Registered number: 02776511)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


G. b. Couriers Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs P L Watson
S D Ford





SECRETARY: S D Ford





REGISTERED OFFICE: Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ





REGISTERED NUMBER: 02776511 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

G. b. Couriers Limited (Registered number: 02776511)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 17,275 28,344
17,275 28,344

CURRENT ASSETS
Debtors 7 367,444 323,859
Cash at bank and in hand 225,632 154,095
593,076 477,954
CREDITORS
Amounts falling due within one year 8 281,472 234,475
NET CURRENT ASSETS 311,604 243,479
TOTAL ASSETS LESS CURRENT
LIABILITIES

328,879

271,823

PROVISIONS FOR LIABILITIES 4,246 5,318
NET ASSETS 324,633 266,505

CAPITAL AND RESERVES
Allotted, called up and
fully paid up share capital 2 2
Retained earnings 324,631 266,503
SHAREHOLDERS' FUNDS 324,633 266,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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:
(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.

G. b. Couriers Limited (Registered number: 02776511)

Statement of Financial Position - continued
30 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:





Mrs P L Watson - Director


G. b. Couriers Limited (Registered number: 02776511)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

G. b. Couriers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


G. b. Couriers Limited (Registered number: 02776511)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 31 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 400,000
AMORTISATION
At 1 May 2023
and 30 April 2024 400,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

G. b. Couriers Limited (Registered number: 02776511)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 12,922 98,768 2,589 114,279
Disposals - (18,906 ) - (18,906 )
At 30 April 2024 12,922 79,862 2,589 95,373
DEPRECIATION
At 1 May 2023 12,922 70,452 2,561 85,935
Charge for year - 11,042 28 11,070
Eliminated on disposal - (18,907 ) - (18,907 )
At 30 April 2024 12,922 62,587 2,589 78,098
NET BOOK VALUE
At 30 April 2024 - 17,275 - 17,275
At 30 April 2023 - 28,316 28 28,344

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 350,340 315,117
Other debtors 7,550 -
Prepayments 9,554 8,742
367,444 323,859

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 203,751 182,762
Amounts owed to group undertakings 12,347 3,178
Tax 19,469 5,353
Social security and other taxes 4,277 5,464
VAT 37,410 30,345
Other creditors 317 3,281
Directors' current accounts 562 562
Accrued expenses 3,339 3,530
281,472 234,475

9. RELATED PARTY DISCLOSURES

At 30th April 2024 G.B. Couriers Limited had an inter company account balance with P L Watson Properties Limited a company in which one of the Directors is also a majority shareholder, amounting to £12,347.