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REGISTERED NUMBER: 09189742 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GBR SOLUTIONS LIMITED

GBR SOLUTIONS LIMITED (REGISTERED NUMBER: 09189742)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


GBR SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr M E Addison





REGISTERED OFFICE: 2 Mountside
Stanmore
Middlesex
HA7 2DT





REGISTERED NUMBER: 09189742 (England and Wales)





ACCOUNTANTS: Mountsides Limited
Chartered Accountants
2 Mountside
Stanmore
Middlesex
HA7 2DT

GBR SOLUTIONS LIMITED (REGISTERED NUMBER: 09189742)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 291,062 386,388

CURRENT ASSETS
Stocks 52,296 63,082
Debtors 6 1,404,203 1,441,994
Cash at bank 76,195 6,194
1,532,694 1,511,270
CREDITORS
Amounts falling due within one year (1,001,863 ) (1,062,169 )
NET CURRENT ASSETS 530,831 449,101
TOTAL ASSETS LESS CURRENT
LIABILITIES

821,893

835,489

CREDITORS
Amounts falling due after more than one
year

(120,328

)

(285,062

)

PROVISIONS FOR LIABILITIES (64,798 ) (58,934 )
NET ASSETS 636,767 491,493

CAPITAL AND RESERVES
Called up share capital 8 80 80
Capital redemption reserve 20 20
Retained earnings 636,667 491,393
SHAREHOLDERS' FUNDS 636,767 491,493

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

GBR SOLUTIONS LIMITED (REGISTERED NUMBER: 09189742)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 January 2025 and were signed by:





Mr M E Addison - Director


GBR SOLUTIONS LIMITED (REGISTERED NUMBER: 09189742)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

GBR Solutions 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 represents the invoiced sales of services, excluding value added tax.

Turnover has also been recognised in respect of on-going services, with the value of work completed at the balance sheet date being taken to turnover and the associated costs, where not invoiced at the date, being accrued for.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - at varying rates on cost
Motor vehicles - 25% on cost
Computer equipment - at varying rates on cost

GOVERNMENT GRANTS
Government grants are recognised at fair value when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Grants related to purchase of assets are treated as deferred income and allocated to income statement over the useful lives of the related assets while grants related to expenses are treated as other income in the income statement.

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

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 statement of financial position date.


GBR SOLUTIONS LIMITED (REGISTERED NUMBER: 09189742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2023 - 5 ) .

GBR SOLUTIONS LIMITED (REGISTERED NUMBER: 09189742)

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


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 630,306
Additions 81,998
Disposals (108,995 )
At 31 March 2024 603,309
DEPRECIATION
At 1 April 2023 243,918
Charge for year 135,417
Eliminated on disposal (67,088 )
At 31 March 2024 312,247
NET BOOK VALUE
At 31 March 2024 291,062
At 31 March 2023 386,388

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023 527,759
Additions 43,000
Disposals (108,995 )
Transfer to ownership (131,709 )
At 31 March 2024 330,055
DEPRECIATION
At 1 April 2023 158,820
Charge for year 113,188
Eliminated on disposal (67,088 )
Transfer to ownership (101,659 )
At 31 March 2024 103,261
NET BOOK VALUE
At 31 March 2024 226,794
At 31 March 2023 368,939

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other debtors 849,749 457,451

GBR SOLUTIONS LIMITED (REGISTERED NUMBER: 09189742)

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


7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Invoice discounting finance 389,209 597,825
Hire purchase contracts 197,839 365,787
587,048 963,612

Invoice discounting finance is secured by way of a fixed and floating charge on the assets of the company.

All liabilities under finance leases and hire purchase contracts are secured upon the asset(s) to which the agreements relate.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
80 Ordinary £1 - 80
54 Ordinary A £1 54 -
26 Ordinary B £1 26 -
80 80

On 4 July 2023 a resolution was validly passed by all the members of the company to convert the 80 £1 Ordinary shares in issue to 54 £1 Ordinary A shares and 26 Ordinary £1 B shares.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr M E Addison
Balance outstanding at start of year 17,871 -
Amounts advanced 50,437 17,871
Amounts repaid (70,750 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,442 ) 17,871