G B BUILDERS LTD

Company Registration Number:
08386508 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

G B BUILDERS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

G B BUILDERS LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 2,033 2,541
Investments: 4 100,500 100,500
Total fixed assets: 102,533 103,041
Current assets
Stocks: 24,870 24,870
Debtors:   3,282,305 3,659,188
Cash at bank and in hand: 228,383 24,294
Total current assets: 3,535,558 3,708,352
Creditors: amounts falling due within one year: 5 (246,261) (421,944)
Net current assets (liabilities): 3,289,297 3,286,408
Total assets less current liabilities: 3,391,830 3,389,449
Creditors: amounts falling due after more than one year: 6 (188,292) (235,663)
Total net assets (liabilities): 3,203,538 3,153,786
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 3,203,537 3,153,785
Shareholders funds: 3,203,538 3,153,786

The notes form part of these financial statements

G B BUILDERS LTD

Balance sheet statements

For the year ending 31 March 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 December 2024
and signed on behalf of the board by:

Name: Suneet Jain
Status: Director

The notes form part of these financial statements

G B BUILDERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

G B BUILDERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 5 6

G B BUILDERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 6,675
At 31 March 2024 6,675
Depreciation
At 01 April 2023 4,134
Charge for year 508
At 31 March 2024 4,642
Net book value
At 31 March 2024 2,033
At 31 March 2023 2,541

G B BUILDERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Fixed investments

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

G B BUILDERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

Trade creditors - £157,183 (2023: £100,390) Corporation tax - £0 (2023: £166,891) Social security and other taxes - £23,972 (2023: £46,345) Other creditors - £65,106 (2023: £108,318)

G B BUILDERS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

Bank loans - £22,500 (2023: £32,397) Other loans - £165,792 (2023: £203,266)