IRIS Accounts Production v24.3.0.553 09055835 director 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh090558352023-05-31090558352024-05-31090558352023-06-012024-05-31090558352022-05-31090558352022-06-012023-05-31090558352023-05-3109055835ns15:EnglandWales2023-06-012024-05-3109055835ns14:PoundSterling2023-06-012024-05-3109055835ns10:Director12023-06-012024-05-3109055835ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3109055835ns10:SmallEntities2023-06-012024-05-3109055835ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3109055835ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3109055835ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3109055835ns10:FullAccounts2023-06-012024-05-3109055835ns10:RegisteredOffice2023-06-012024-05-3109055835ns5:CurrentFinancialInstruments2024-05-3109055835ns5:CurrentFinancialInstruments2023-05-3109055835ns5:Non-currentFinancialInstruments2024-05-3109055835ns5:Non-currentFinancialInstruments2023-05-3109055835ns5:ShareCapital2024-05-3109055835ns5:ShareCapital2023-05-3109055835ns5:RetainedEarningsAccumulatedLosses2024-05-3109055835ns5:RetainedEarningsAccumulatedLosses2023-05-3109055835ns5:PlantMachinery2023-06-012024-05-3109055835ns5:MotorVehicles2023-06-012024-05-3109055835ns5:PlantMachinery2023-05-3109055835ns5:PlantMachinery2024-05-3109055835ns5:PlantMachinery2023-05-3109055835ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3109055835ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3109055835ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-05-3109055835ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-05-3109055835ns5:RetainedEarningsAccumulatedLosses2023-05-3109055835ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-31
REGISTERED NUMBER: 09055835 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31st May 2024

for

GND TRANSPORT LTD

GND TRANSPORT LTD (REGISTERED NUMBER: 09055835)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GND TRANSPORT LTD

Company Information
for the Year Ended 31st May 2024







DIRECTOR: S S Kahlon





REGISTERED OFFICE: 3 Stowmans Close
Sedgmoorpark
Bilston
Wolverhampton
West Midlands
WV14 9YB





REGISTERED NUMBER: 09055835 (England and Wales)






GND TRANSPORT LTD (REGISTERED NUMBER: 09055835)

Balance Sheet
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,885 28,180

CURRENT ASSETS
Debtors 5 7,985 10,434
Cash at bank 44,435 41,263
52,420 51,697
CREDITORS
Amounts falling due within one year 6 26,692 20,582
NET CURRENT ASSETS 25,728 31,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,613

59,295

CREDITORS
Amounts falling due after more than
one year

7

15,280

23,823
NET ASSETS 36,333 35,472

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 36,332 35,471
SHAREHOLDERS' FUNDS 36,333 35,472

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

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

GND TRANSPORT LTD (REGISTERED NUMBER: 09055835)

Balance Sheet - continued
31st 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th February 2025 and were signed by:





S S Kahlon - Director


GND TRANSPORT LTD (REGISTERED NUMBER: 09055835)

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

1. STATUTORY INFORMATION

GND Transport Ltd 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 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.

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.

GND TRANSPORT LTD (REGISTERED NUMBER: 09055835)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1st June 2023 57,869
Additions 5,944
At 31st May 2024 63,813
DEPRECIATION
At 1st June 2023 29,689
Charge for year 8,239
At 31st May 2024 37,928
NET BOOK VALUE
At 31st May 2024 25,885
At 31st May 2023 28,180

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 3,534 7,334
Other debtors 3,500 3,100
Prepayments 951 -
7,985 10,434

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 1,890 2,619
Tax 1,801 1,061
Social security and other taxes 315 48
VAT 4,824 2,498
Other creditors 750 2,590
Directors' current accounts 17,112 11,766
26,692 20,582

GND TRANSPORT LTD (REGISTERED NUMBER: 09055835)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans more 5 yr by instal 15,280 23,823

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 15,280 23,823

8. RESERVES
Retained
earnings
£   

At 1st June 2023 35,471
Profit for the year 861
At 31st May 2024 36,332

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S S Kahlon.