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REGISTERED NUMBER: 10716661 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

PRIVATE SPECIALIST GPS LIMITED

PRIVATE SPECIALIST GPS LIMITED (REGISTERED NUMBER: 10716661)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRIVATE SPECIALIST GPS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Mrs C D Stewart
Mr N J Robinson





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
SL7 3HN





REGISTERED NUMBER: 10716661 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

PRIVATE SPECIALIST GPS LIMITED (REGISTERED NUMBER: 10716661)

BALANCE SHEET
30TH APRIL 2024

30.4.24 30.4.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 64,727 92,151

CURRENT ASSETS
Stocks 19,895 16,604
Debtors 5 16,798 14,396
Cash at bank and in hand 79,401 54,696
116,094 85,696
CREDITORS
Amounts falling due within one year 6 92,179 83,379
NET CURRENT ASSETS 23,915 2,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,642

94,468

CREDITORS
Amounts falling due after more than one
year

7

42,600

58,600
NET ASSETS 46,042 35,868

CAPITAL AND RESERVES
Called up share capital 127 127
Share premium 8 159,052 159,052
Retained earnings 8 (113,137 ) (123,311 )
46,042 35,868

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

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 Board of Directors and authorised for issue on 18th January 2025 and were signed on its behalf by:




Mrs C D Stewart - Director


PRIVATE SPECIALIST GPS LIMITED (REGISTERED NUMBER: 10716661)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Private Specialist GPS 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.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and Computer
to property machinery fittings equipment Totals
£ £ £ £ £
COST
At 1st May 2023 123,034 49,668 21,823 15,393 209,918
Additions - - 276 741 1,017
At 30th April 2024 123,034 49,668 22,099 16,134 210,935
DEPRECIATION
At 1st May 2023 58,911 30,870 13,711 14,275 117,767
Charge for year 13,414 11,187 3,055 785 28,441
At 30th April 2024 72,325 42,057 16,766 15,060 146,208
NET BOOK VALUE
At 30th April 2024 50,709 7,611 5,333 1,074 64,727
At 30th April 2023 64,123 18,798 8,112 1,118 92,151

PRIVATE SPECIALIST GPS LIMITED (REGISTERED NUMBER: 10716661)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£ £
Trade debtors 7,125 5,130
Prepayments and accrued income 9,673 9,266
16,798 14,396

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£ £
Bank loans and overdrafts 6,000 6,000
Trade creditors 62,698 41,743
Social security and other taxes 10,268 4,227
Wages control 339 496
Pension control 689 1,830
Accruals and deferred income 1,896 3,636
Accrued expenses 10,289 25,447
92,179 83,379

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£ £
Bank loans - more than 1 year 6,500 12,500
Other creditors long term 28,880 33,880
Directors' loan accounts 7,220 12,220
42,600 58,600

8. RESERVES
Retained Share
earnings premium Totals
£ £ £

At 1st May 2023 (123,311 ) 159,052 35,741
Profit for the year 10,174 10,174
At 30th April 2024 (113,137 ) 159,052 45,915