1 August 2023 false No description of principal activity Taxfiler 2024.6 05482719business:PrivateLimitedCompanyLtd2023-08-012024-07-31 054827192023-07-31 054827192023-08-012024-07-31 05482719business:AuditExempt-NoAccountantsReport2023-08-012024-07-31 05482719business:FilletedAccounts2023-08-012024-07-31 054827192024-07-31 05482719business:Director12023-08-012024-07-31 05482719business:RegisteredOffice2023-08-012024-07-31 054827192023-07-31 05482719core:WithinOneYear2024-07-31 05482719core:WithinOneYear2023-07-31 05482719core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 05482719core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 05482719core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 05482719core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 05482719core:PreviouslyStatedAmount2024-07-31 05482719core:PreviouslyStatedAmount2023-07-31 05482719business:SmallEntities2023-08-012024-07-31 05482719countries:EnglandWales2023-08-012024-07-31 05482719core:PlantMachinery2023-08-012024-07-31 05482719core:MotorVehicles2023-08-012024-07-31 05482719core:FurnitureFittings2023-08-012024-07-31 05482719core:ComputerEquipment2023-08-012024-07-31 05482719core:Goodwill2023-07-31 05482719core:Goodwill2024-07-31 05482719core:PlantMachinery2023-07-31 05482719core:MotorVehicles2023-07-31 05482719core:FurnitureFittings2023-07-31 05482719core:ComputerEquipment2023-07-31 05482719core:PlantMachinery2024-07-31 05482719core:MotorVehicles2024-07-31 05482719core:FurnitureFittings2024-07-31 05482719core:ComputerEquipment2024-07-31 054827192022-08-012023-07-31 iso4217:GBP xbrli:pure
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
Page
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GB European Limited Company Information for the year ended 31 July 2024
Director
Mr G Bailey
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
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GB European Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
347 
463 
Current assets
Debtors
17,834 
27,801 
Cash at bank and in hand
60,325 
62,420 
78,159 
90,221 
Creditors: amounts falling due within one year
(74,575)
(89,252)
Net current assets
3,584 
969 
Net assets
3,931 
1,432 
Capital and reserves
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
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GB European Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
8,500 
At 31 July 2024
8,500 
Amortisation
At 1 August 2023
8,500 
At 31 July 2024
8,500 
Net book value
At 31 July 2024
- 
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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 
Depreciation
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 
Net book value
At 31 July 2024
9 
194 
114 
30 
347 
At 31 July 2023
12 
259 
152 
40 
463 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,824 
27,801 
Other debtors
6,010 
- 
17,834 
27,801 
7
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)
74,575 
89,252 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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