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COMPANY REGISTRATION NUMBER: 03715545
G P & S Limited
Filleted Unaudited Financial Statements
31 May 2024
G P & S Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
£
Current assets
Cash at bank and in hand
399,914
288,881
Creditors: amounts falling due within one year
4
363,163
252,020
---------
---------
Net current assets
36,751
36,861
--------
--------
Total assets less current liabilities
36,751
36,861
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
36,651
36,761
--------
--------
Shareholders funds
36,751
36,861
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 February 2025 , and are signed on behalf of the board by:
Mr P Stewart
Director
Company registration number: 03715545
G P & S Limited
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lyndhurst, 1 Cranmer Street, Long Eaton, Nottingham, NG10 1NJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
20
20
Other creditors
363,143
252,000
---------
---------
363,163
252,020
---------
---------
5. Director's advances, credits and guarantees
At the year end, the amount owed to the director was £363,143 (2023 - £252,000).