Registered number
11574611
GB Transport Service Ltd
Filleted Accounts
30 September 2024
GB Transport Service Ltd
Registered number: 11574611
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 9,600 12,000
Current assets
Debtors 4 38,508 28,552
Cash at bank and in hand 10,121 23,015
48,629 51,567
Creditors: amounts falling due within one year 5 (37,577) (28,524)
Net current assets 11,052 23,043
Total assets less current liabilities 20,652 35,043
Creditors: amounts falling due after more than one year 6 (16,192) (26,188)
Net assets 4,460 8,855
Capital and reserves
Share premium 100 100
Profit and loss account 4,360 8,755
Shareholders' funds 4,460 8,855
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Baljiner Singh Gill
Director
Approved by the board on 11 April 2025
GB Transport Service Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 October 2023 15,000
At 30 September 2024 15,000
Depreciation
At 1 October 2023 3,000
Charge for the year 2,400
At 30 September 2024 5,400
Net book value
At 30 September 2024 9,600
At 30 September 2023 12,000
4 Debtors 2024 2023
£ £
Directors loan 38,408 28,452
Other debtors 100 100
38,508 28,552
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,209 -
Trade creditors 5,454 2,718
Taxation and social security costs 24,914 25,806
37,577 28,524
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 16,192 26,188
7 Other information
GB Transport Service Ltd is a private company limited by shares and incorporated in England. Its registered office is:
7 Walcot Gardens
Bilston
WV14 0UL
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