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GKD BUSINESS SUPPORT LIMITED

Registered Number
09878265
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

GKD BUSINESS SUPPORT LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

LATHROPE, Denise Jane
LATHROPE, Peter

Registered Address

12a Marlborough Place
Brighton
BN1 1WN

Registered Number

09878265 (England and Wales)
GKD BUSINESS SUPPORT LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4189,673193,438
189,673193,438
Current assets
Debtors552,06951,948
Cash at bank and on hand5,7583,501
57,82755,449
Creditors amounts falling due within one year6(109,743)(111,245)
Net current assets (liabilities)(51,916)(55,796)
Total assets less current liabilities137,757137,642
Provisions for liabilities7(4,836)(5,778)
Net assets132,921131,864
Capital and reserves
Called up share capital100100
Profit and loss account132,821131,764
Shareholders' funds132,921131,864
The financial statements were approved and authorised for issue by the Board of Directors on 22 April 2025, and are signed on its behalf by:
LATHROPE, Peter
Director
Registered Company No. 09878265
GKD BUSINESS SUPPORT LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year22
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 January 24170,3274,00056,79015,162246,279
Additions---2,2892,289
At 31 December 24170,3274,00056,79017,451248,568
Depreciation and impairment
At 01 January 24-2,31243,3147,21552,841
Charge for year-4223,3692,2636,054
At 31 December 24-2,73446,6839,47858,895
Net book value
At 31 December 24170,3271,26610,1077,973189,673
At 31 December 23170,3271,68813,4767,947193,438
5.Debtors: amounts due within one year

2024

2023

££
Other debtors52,06951,948
Total52,06951,948
6.Creditors: amounts due within one year

2024

2023

££
Taxation and social security25,86247,544
Other creditors83,88163,701
Total109,743111,245
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)4,8365,778
Total4,8365,778