Company Registration No. 05482719 (England and Wales)
GB European Limited
Unaudited accounts
for the year ended 31 July 2024
GB European Limited
Unaudited accounts
Contents
GB European Limited
Company Information
for the year ended 31 July 2024
Company Number
05482719 (England and Wales)
Registered Office
11 Woodvale Crescent
Bingley
West Yorkshire
BD16 4AJ
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
GB European Limited
Statement of financial position
as at 31 July 2024
Cash at bank and in hand
60,325
62,420
Creditors: amounts falling due within one year
(74,575)
(89,252)
Net current assets
3,584
969
Called up share capital
1,000
1,000
Profit and loss account
2,931
432
Shareholders' funds
3,931
1,432
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 27 March 2025 and were signed on its behalf by
Mr G Bailey
Director
Company Registration No. 05482719
GB European Limited
Notes to the Accounts
for the year ended 31 July 2024
GB European Limited is a private company, limited by shares, registered in England and Wales, registration number 05482719. The registered office is 11 Woodvale Crescent, Bingley, West Yorkshire, BD16 4AJ.
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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.
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
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
GB European Limited
Notes to the Accounts
for the year ended 31 July 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2023
817
8,898
4,084
3,731
17,530
At 31 July 2024
817
8,898
4,084
3,731
17,530
At 1 August 2023
805
8,639
3,932
3,691
17,067
Charge for the year
3
65
38
10
116
At 31 July 2024
808
8,704
3,970
3,701
17,183
At 31 July 2024
9
194
114
30
347
At 31 July 2023
12
259
152
40
463
Amounts falling due within one year
Trade debtors
11,824
27,801
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
31,266
35,801
Trade creditors
11,508
29,940
Taxes and social security
23,096
20,698
Other creditors
21,222
21,306
Loans from directors
(12,517)
(18,493)
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Average number of employees
During the year the average number of employees was 2 (2023: 2).