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REGISTERED NUMBER: 12120261 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

GP SPECIALIST VEHICLES LTD

GP SPECIALIST VEHICLES LTD (REGISTERED NUMBER: 12120261)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GP SPECIALIST VEHICLES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr D U Alexander
Mr R J Atkinson
Mr K C Myers





REGISTERED OFFICE: GPSV Office Thornton Station Yard
Holme Head Farm Road
Ingleton
North Yorkshire
LA6 3ET





REGISTERED NUMBER: 12120261 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Suite 1, Aireside House
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

GP SPECIALIST VEHICLES LTD (REGISTERED NUMBER: 12120261)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 27,207 35,631

CURRENT ASSETS
Stocks 80,000 100,000
Debtors 5 378,331 511,092
Cash at bank and in hand 339,877 202,509
798,208 813,601
CREDITORS
Amounts falling due within one year 6 (763,209 ) (791,264 )
NET CURRENT ASSETS 34,999 22,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,206

57,968

CREDITORS
Amounts falling due after more than
one year

7

(10,508

)

(20,754

)

PROVISIONS FOR LIABILITIES (4,057 ) -
NET ASSETS 47,641 37,214

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 47,541 37,114
SHAREHOLDERS' FUNDS 47,641 37,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GP SPECIALIST VEHICLES LTD (REGISTERED NUMBER: 12120261)

BALANCE SHEET - continued
30 JUNE 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 Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





Mr D U Alexander - Director


GP SPECIALIST VEHICLES LTD (REGISTERED NUMBER: 12120261)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

GP Specialist Vehicles 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


GP SPECIALIST VEHICLES LTD (REGISTERED NUMBER: 12120261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 July 2023 56,749
Additions 1,441
Disposals (809 )
At 30 June 2024 57,381
DEPRECIATION
At 1 July 2023 21,118
Charge for year 9,225
Eliminated on disposal (169 )
At 30 June 2024 30,174
NET BOOK VALUE
At 30 June 2024 27,207
At 30 June 2023 35,631

GP SPECIALIST VEHICLES LTD (REGISTERED NUMBER: 12120261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 288,766 447,267
Amounts owed by associates 28,918 45,520
Other debtors 60,647 18,305
378,331 511,092

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 11,805 14,449
Hire purchase contracts - 3,549
Trade creditors 595,242 457,006
Amounts owed to associates 137,533 251,465
Taxation and social security 7,036 9,848
Other creditors 11,593 54,947
763,209 791,264

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 10,508 20,754

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire Purchase contracts - 3,549

Hire purchases creditors are secured on the asset to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £ £
100 Share capital 1 £1 100 100

GP SPECIALIST VEHICLES LTD (REGISTERED NUMBER: 12120261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

10. RELATED PARTY DISCLOSURES

During the year the company entered into transactions with related parties for the provision of goods and services and recharging of shared overheads, all under normal market conditions. At the year end the following amounts were outstanding:


2024 2023
£ £
AGRI-PLANT SV LIMITED (COMMON SHAREHOLDERS AND
DIRECTORS)

Trade debtors 35,700 -
Trade creditors (3,321 ) (26,331 )
Loan account debtor - -
Loan account creditor (77,532 ) (145,464 )
Total goods and services provided:
Sales 574,732 217,188
Purchases 185,704 835,262


ASPV COATINGS LIMITED (COMMON SHAREHOLDERS AND
DIRECTORS)

Trade debtors - -
Trade creditors - -
Loan accounts debtor 28,917 9,000
Loan accounts creditor - -
Total good and services provided :
Sales - -
Purchases 115,231 110,338


NOTICE SIGN & GRAPHICS LIMITED (COMMON SHAREHOLDERS AND
DIRECTORS)

Trade debtors - -
Trade creditors - -
Loan account debtor - 36,520
Loan account creditor
Total goods and services provided: - -
Sales 18,570 8,796
Purchases


DAVID ALEXANDER MARKETING LIMITED (COMMON
SHAREHOLDERS AND DIRECTORS)

Total goods and services:
Sales - -
Purchases 62,788 62,457


METCALFE FARMS LIMITED (COMMON SHAREHOLDERS)

GP SPECIALIST VEHICLES LTD (REGISTERED NUMBER: 12120261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024
Trade debtors 5,983 -
Trade creditors (69,644 ) (42,036 )
Loan account debtor - -
Loan account creditors (60,000 ) (106,000 )
Total goods and services provided:
Sales 11,454 4,740
Purchases 164,908 89,849


METCALFE FARMS (HAULAGE) LIMITED (COMMON SHAREHOLDERS)
Trade debtors - 6,112
Trade creditors (43,478 ) (137,437 )
Loan accounts debtor - -
Loan account creditor - -
Total goods and services provided:
Sales - 265,401
Purchases 413,879 1,221,529


Related party balances are interest free and repayable upon demand.