G&B MANAGEMENT LTD

Company Registration Number:
12595637 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

G&B MANAGEMENT LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

G&B MANAGEMENT LTD

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal activities of the company

The company's principal activity during the year continued to be that of management consultancy.



Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 31 May 2024

S Griffiths
O R Barnard


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
18 December 2024

And signed on behalf of the board by:
Name: O R Barnard
Status: Director

G&B MANAGEMENT LTD

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 36,096 100,073
Gross profit(or loss): 36,096 100,073
Administrative expenses: ( 1,899 ) ( 1,360 )
Operating profit(or loss): 34,197 98,713
Profit(or loss) before tax: 34,197 98,713
Tax: ( 7,812 ) ( 19,368 )
Profit(or loss) for the financial year: 26,385 79,345

G&B MANAGEMENT LTD

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 121,637 2,500
Cash at bank and in hand: 941 127,504
Total current assets: 122,578 130,004
Creditors: amounts falling due within one year: 4 ( 25,183 ) ( 46,994 )
Net current assets (liabilities): 97,395 83,010
Total assets less current liabilities: 97,395 83,010
Total net assets (liabilities): 97,395 83,010
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 97,393 83,008
Total Shareholders' funds: 97,395 83,010

The notes form part of these financial statements

G&B MANAGEMENT LTD

Balance sheet statements

For the year ending 31 May 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.

This report was approved by the board of directors on 18 December 2024
and signed on behalf of the board by:

Name: S Griffiths
Status: Director

The notes form part of these financial statements

G&B MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

G&B MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

G&B MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Debtors

2024 2023
£ £
Trade debtors 1,000 2,500
Other debtors 120,637 0
Total 121,637 2,500

G&B MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 7,812 31,777
Other creditors 17,371 15,217
Total 25,183 46,994

G&B MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Loan
£
Balance at 31 May 2023 2
Advances or credits made: 564
Advances or credits repaid:
Balance at 31 May 2024 566