Company Registration No. 13581016 (England and Wales)
GB Maintenance Solutions Ltd
Unaudited accounts
for the year ended 31 August 2024
GB Maintenance Solutions Ltd
Unaudited accounts
Contents
GB Maintenance Solutions Ltd
Company Information
for the year ended 31 August 2024
Directors
Rebecca J Rousseau
Luke A Rousseau
Company Number
13581016 (England and Wales)
Registered Office
158 COLWOOD HOUSE
GARTH ROAD
MORDEN
SM4 4LZ
ENGLAND
Accountants
Hybrid Premium LTD
2-4 Stoneleigh Park Road
Stoneleigh
Epsom
Surrey
KT19 0QT
GB Maintenance Solutions Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
434,804
340,279
Cash at bank and in hand
1,912,541
1,592,975
Creditors: amounts falling due within one year
(954,648)
(974,016)
Net current assets
1,859,879
1,384,913
Total assets less current liabilities
2,294,683
1,725,192
Creditors: amounts falling due after more than one year
(10,284)
(24,465)
Provisions for liabilities
Net assets
2,205,156
1,700,727
Called up share capital
100
100
Profit and loss account
2,205,056
1,700,627
Shareholders' funds
2,205,156
1,700,727
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by
Rebecca J Rousseau
Director
Company Registration No. 13581016
GB Maintenance Solutions Ltd
Notes to the Accounts
for the year ended 31 August 2024
GB Maintenance Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 13581016. The registered office is 158 COLWOOD HOUSE, GARTH ROAD, MORDEN, SM4 4LZ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
3 years straight line
Computer equipment
2 years straight line, 3 years straight line - 25% reducing balance (old items)
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
GB Maintenance Solutions Ltd
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
446,416
378
5,059
451,853
Additions
218,875
5,996
3,777
228,648
Disposals
(24,928)
-
-
(24,928)
At 31 August 2024
640,363
6,374
8,836
655,573
At 1 September 2023
110,285
73
1,216
111,574
Charge for the year
117,920
1,584
2,268
121,772
On disposals
(12,577)
-
-
(12,577)
At 31 August 2024
215,628
1,657
3,484
220,769
At 31 August 2024
424,735
4,717
5,352
434,804
At 31 August 2023
336,131
305
3,843
340,279
Amounts falling due within one year
Trade debtors
674,265
552,254
Accrued income and prepayments
2,174
-
Other debtors
5,547
13,700
Amounts falling due after more than one year
Other debtors
220,000
200,000
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
78,639
43,629
Trade creditors
91,356
129,427
Taxes and social security
298,133
269,286
Loans from directors
110,419
350,960
7
Creditors: amounts falling due after more than one year
2024
2023
GB Maintenance Solutions Ltd
Notes to the Accounts
for the year ended 31 August 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
At year-end, Evolve Refurbishments Ltd owed GB Solutions Maintenance Solutions Ltd £220,000.00.
Loan 1 - £150,000, an unsecured loan for 25 years, interest-only rate of 2%
Loan 2 - £50,0000, an unsecured loan for 25 years, interest-only rate of 2%
Loan 3 - £20,000, an unsecured loan for 25 years, interest-only rate of 2.25%
Evolve refurbishments is 100% controlled by Mr and Mrs Rousseau.
10
Average number of employees
During the year the average number of employees was 30 (2023: 23).
11
Reconciliations on adoption of FRS 102