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REGISTERED NUMBER: 05881815 (England and Wales)















G & B ACCESSORIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






G & B ACCESSORIES LIMITED (REGISTERED NUMBER: 05881815)






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


G & B ACCESSORIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: W Garratt
B Shaw
C S Watson
Mrs A Young





SECRETARY: B Shaw





REGISTERED OFFICE: Darland House
44 Winnington Hill
Northwich
Cheshire
CW8 1AU





REGISTERED NUMBER: 05881815 (England and Wales)






G & B ACCESSORIES LIMITED (REGISTERED NUMBER: 05881815)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,569 9,154

CURRENT ASSETS
Stocks 284,551 312,424
Debtors 5 71,144 63,467
Cash at bank and in hand 43,125 40,003
398,820 415,894
CREDITORS
Amounts falling due within one year 6 183,146 196,143
NET CURRENT ASSETS 215,674 219,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,243

228,905

CREDITORS
Amounts falling due after more than one
year

7

(3,531

)

(13,950

)

PROVISIONS FOR LIABILITIES (1,628 ) (1,739 )
NET ASSETS 219,084 213,216

CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and loss account 218,984 213,116
219,084 213,216

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.

G & B ACCESSORIES LIMITED (REGISTERED NUMBER: 05881815)

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 16 April 2025 and were signed on its behalf by:





W Garratt - Director


G & B ACCESSORIES LIMITED (REGISTERED NUMBER: 05881815)

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

1. STATUTORY INFORMATION

G & B Accessories Limited 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 represents net invoiced work done, excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 12 (2024 - 13 ) .

G & B ACCESSORIES LIMITED (REGISTERED NUMBER: 05881815)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 14,623 3,050 27,500 45,173
Additions - 800 170 970
At 31 January 2025 14,623 3,850 27,670 46,143
DEPRECIATION
At 1 February 2024 6,952 1,567 27,500 36,019
Charge for year 1,151 404 - 1,555
At 31 January 2025 8,103 1,971 27,500 37,574
NET BOOK VALUE
At 31 January 2025 6,520 1,879 170 8,569
At 31 January 2024 7,671 1,483 - 9,154

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 60,626 54,206
Prepayments 10,518 9,261
71,144 63,467

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,419 10,161
Trade creditors 111,649 133,725
Corporation tax 5,387 4,540
Social security and other taxes 24,195 17,471
Directors' current accounts 25,975 24,970
Accrued expenses 5,521 5,276
183,146 196,143

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 2-5 years 3,531 13,950

G & B ACCESSORIES LIMITED (REGISTERED NUMBER: 05881815)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 13,950 24,111

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
85 A ordinary £1 85 85
10 B ordinary £1 10 10
5 C ordinary £1 5 5
100 100