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REGISTERED NUMBER: 13376326 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

THE GREAT BRITISH VAN LTD

THE GREAT BRITISH VAN LTD (REGISTERED NUMBER: 13376326)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


THE GREAT BRITISH VAN LTD (REGISTERED NUMBER: 13376326)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,431 30,627

CURRENT ASSETS
Debtors 5 933 666
Cash at bank 6,518 8,662
7,451 9,328
CREDITORS
Amounts falling due within one year 6 17,199 27,104
NET CURRENT LIABILITIES (9,748 ) (17,776 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,683 12,851

PROVISIONS FOR LIABILITIES 4,072 5,819
NET ASSETS 7,611 7,032

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 7,610 7,031
SHAREHOLDERS' FUNDS 7,611 7,032

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 GREAT BRITISH VAN LTD (REGISTERED NUMBER: 13376326)

Balance Sheet - continued
31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





Mr R S Filliau - Director


THE GREAT BRITISH VAN LTD (REGISTERED NUMBER: 13376326)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

The Great British Van Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13376326

Registered office: Unit 5
Palmerston Workshops
Palmerston Road
Barry
CF63 2YZ

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% Straight line
Motor vehicles - 25% Straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

THE GREAT BRITISH VAN LTD (REGISTERED NUMBER: 13376326)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 14,243 25,000 39,243
Additions 622 - 622
At 31 May 2024 14,865 25,000 39,865
DEPRECIATION
At 1 June 2023 6,533 2,083 8,616
Charge for year 3,568 6,250 9,818
At 31 May 2024 10,101 8,333 18,434
NET BOOK VALUE
At 31 May 2024 4,764 16,667 21,431
At 31 May 2023 7,710 22,917 30,627

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 933 666

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes 2,118 68
Other creditors 13,761 26,046
Accrued expenses 1,320 990
17,199 27,104

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1 Share capital 1 1 1 1