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REGISTERED NUMBER: 13727288 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

GBN Engineering Ltd

GBN Engineering Ltd (Registered number: 13727288)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GBN Engineering Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mr G B Nuttall





REGISTERED OFFICE: 3 Whingrove Close
Wingate
TS28 5LL





REGISTERED NUMBER: 13727288 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

GBN Engineering Ltd (Registered number: 13727288)

Balance Sheet
30 November 2024

30/11/24 30/11/23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 20,323 25,327

CURRENT ASSETS
Debtors 5 8,622 12,366
Cash at bank 31,404 19,575
40,026 31,941
CREDITORS
Amounts falling due within one year 6 20,081 19,767
NET CURRENT ASSETS 19,945 12,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,268

37,501

PROVISIONS FOR LIABILITIES 3,145 3,938
NET ASSETS 37,123 33,563

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 36,123 32,563
37,123 33,563

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

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

The director acknowledges his 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 April 2025 and were signed by:




Mr G B Nuttall - Director


GBN Engineering Ltd (Registered number: 13727288)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

GBN Engineering 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 etc - 25% on cost and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 December 2023 39,915
Additions 1,832
At 30 November 2024 41,747
DEPRECIATION
At 1 December 2023 14,588
Charge for year 6,836
At 30 November 2024 21,424
NET BOOK VALUE
At 30 November 2024 20,323
At 30 November 2023 25,327

GBN Engineering Ltd (Registered number: 13727288)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£ £
Trade debtors 7,797 12,096
Other debtors 825 270
8,622 12,366

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£ £
Trade creditors 120 133
Taxation and social security 19,354 18,359
Other creditors 607 1,275
20,081 19,767