15299963falseGENERAL BUILDER2023-11-212024-03-31http://www.companieshouse.gov.uk/2023-11-20http://www.companieshouse.gov.uk/cd:Director12023-11-212024-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-11-212024-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-11-212024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-11-212024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/2023-11-212024-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-11-212024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-11-212024-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-11-212024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 15299963

GSP AND SONS LTD

ACCOUNTS
FOR THE 132 DAY PERIOD ENDED 31/03/2024

Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

GSP AND SONS LTD

ACCOUNTS
FOR THE 132 DAY PERIOD ENDED 31/03/2024
DIRECTORS
GURTAJ SINGH PUNIA
REGISTERED OFFICE
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHANPTON
WEST MIDLANDS
WV8 1PT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 15299963
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

GSP AND SONS LTD

ACCOUNTS
FOR THE132 DAY PERIODENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

GSP AND SONS LTD

BALANCE SHEET AT 31/03/2024
2024
Notes£
FIXED ASSETS
Tangible assets32,115
CURRENT ASSETS
Debtors43,202
Cash at bank and in hand141
3,343
CREDITORS: Amounts falling due within one year54,452
NET CURRENT LIABILITIES(1,109)
TOTAL ASSETS LESS CURRENT LIABILITIES1,006
PROVISIONS FOR LIABILITIES AND CHARGES6402
NET ASSETS604
CAPITAL AND RESERVES
Called up share capital7100
Profit and loss account504
SHAREHOLDERS' FUNDS604
For the year ending 31/03/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/02/2025 and signed on their behalf by
.............................
GURTAJ SINGH PUNIA
Director

GSP AND SONS LTD

NOTES TO THE ACCOUNTS
FOR THE 132 DAY PERIOD ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1b. Going Concern
The financial statements have been prepared on the going concern basis. The company is in a net current liability of £ 1,109 as at 31 March 2024. The director has given assurances to the company that he will not draww on at least £ 1,400 of the director's loan account. On this basis the company is considered a going concern and the director is of the opinion that the company will be able to pay it's debts as they fall due for at least twelve months from the date that the balance sheet was signed.
1c. Depreciation
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.
Plant And Machinerystraight line10%
Equipmentstraight line10%
2. EMPLOYEES
2024
No.No.
Average number of employees1
Key management personnel is restricted to that of the director.

GSP AND SONS LTD

3. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentTotal
£££
Cost
Additions1,4708802,350
At 31/03/20241,4708802,350
Depreciation
For the 132 day period14788235
At 31/03/202414788235
Net Book Amounts
At 31/03/20241,3237922,115
4. DEBTORS 2024
£
Amounts falling due within one year
Other tax3,202
3,202
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
UK corporation tax45
Directors current account3,807
Accruals600
4,452
6. PROVISIONS FOR LIABILITIES 2024
£
Deferred taxation402
402

GSP AND SONS LTD

7. SHARE CAPITAL 2024
£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100
100
New shares issued during period:
100 Ordinary shares of £1 each100
100
On incorporation of the company one hundred ordinary shares of £ 1 each were issued at par for cash.
8. CONTROLLING PARTY
The company is wholly owned by the director Mr G S Punia.
9. RELATED PARTY TRANSACTIONS
The director Mr G S Punia received a dividend of £ 1,400 in the comencement period 21 November 2023 to 31 March 2024.
10. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY
The company operates as a general builder in both the residential and commercial property sector. All of its activities are carried out within the United Kingdom.
The company was incorporated on 21 November 2023 and commenced trade on the same date.
11. GENERAL INFORMATION
GSP and Sons Ltd is a private company limited by shares and incorporated in England. Its registered office is 13 Wolverhampton Road, Codsall, Wolverhampton, West Midlands, WV8 1PT.
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company.