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REGISTERED NUMBER: 09974198 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

GS VALETING LTD

GS VALETING LTD (REGISTERED NUMBER: 09974198)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GS VALETING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: Mrs I Shuli
Mr G Shuli





REGISTERED OFFICE: 62 Rosslyn Road
Whitwick
Coalville
Leicestershire
LE67 5PT





REGISTERED NUMBER: 09974198 (England and Wales)





ACCOUNTANTS: J Raftery Accountancy
16 Brookes Avenue
Croft
Leicester
Leicestershire
LE9 3GJ

GS VALETING LTD (REGISTERED NUMBER: 09974198)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,857 1,044

CURRENT ASSETS
Debtors 5 26,923 13,720
Cash at bank and in hand 22,124 76,691
49,047 90,411
CREDITORS
Amounts falling due within one year 6 11,458 26,590
NET CURRENT ASSETS 37,589 63,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,446

64,865

PROVISIONS FOR LIABILITIES 7 353 198
NET ASSETS 39,093 64,667

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 39,092 64,666
SHAREHOLDERS' FUNDS 39,093 64,667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

GS VALETING LTD (REGISTERED NUMBER: 09974198)

BALANCE SHEET - continued
31 JANUARY 2025


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 3 March 2025 and were signed on its behalf by:




Mrs I Shuli - Director



Mr G Shuli - Director


GS VALETING LTD (REGISTERED NUMBER: 09974198)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

GS Valeting 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.

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 each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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.

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 (2024 - 8 ) .

GS VALETING LTD (REGISTERED NUMBER: 09974198)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 February 2024 1,775 1,296 3,071
Additions 642 791 1,433
At 31 January 2025 2,417 2,087 4,504
DEPRECIATION
At 1 February 2024 1,155 872 2,027
Charge for year 316 304 620
At 31 January 2025 1,471 1,176 2,647
NET BOOK VALUE
At 31 January 2025 946 911 1,857
At 31 January 2024 620 424 1,044

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 19,669 27
Other debtors 6,000 6,000
VAT - 6,125
Prepayments 1,254 1,568
26,923 13,720

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other loans - (2,173 )
Tax 10,674 11,907
Social security and other taxes (3,982 ) (16 )
Net wages 1,047 7,715
Pension 339 219
VAT 1,344 -
Directors' current accounts 181 7,198
Accrued expenses 1,855 1,740
11,458 26,590

7. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 353 198

GS VALETING LTD (REGISTERED NUMBER: 09974198)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2024 198
Provided during year 155
Balance at 31 January 2025 353

8. RELATED PARTY DISCLOSURES

At at 31 January 2025 there was an amount owing of £181 (2024 £7,198) owing to the directors. This is included in the creditors on the balance sheet.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr G Shuli & Mrs I Shuli.