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REGISTERED NUMBER: 12141183 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GB COMPLIANCE LTD

GB COMPLIANCE LTD (REGISTERED NUMBER: 12141183)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GB COMPLIANCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr P J Williams





SECRETARY: Mrs S M Williams





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 12141183 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

GB COMPLIANCE LTD (REGISTERED NUMBER: 12141183)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 43,445 53,934

CURRENT ASSETS
Debtors 5 130,774 83,240
Cash at bank and in hand 52,652 63,444
183,426 146,684
CREDITORS
Amounts falling due within one year 6 193,023 158,865
NET CURRENT LIABILITIES (9,597 ) (12,181 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,848

41,753

CREDITORS
Amounts falling due after more than one
year

7

32,134

37,369
NET ASSETS 1,714 4,384

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,614 4,284
SHAREHOLDERS' FUNDS 1,714 4,384

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

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

GB COMPLIANCE LTD (REGISTERED NUMBER: 12141183)

BALANCE SHEET - continued
31 AUGUST 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





Mr P J Williams - Director


GB COMPLIANCE LTD (REGISTERED NUMBER: 12141183)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

GB Compliance 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 represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of VAT.

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 - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

GB COMPLIANCE LTD (REGISTERED NUMBER: 12141183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 4,175 49,539 8,154 61,868
Additions 2,199 - 1,795 3,994
At 31 August 2024 6,374 49,539 9,949 65,862
DEPRECIATION
At 1 September 2023 1,934 3,190 2,810 7,934
Charge for year 1,110 11,588 1,785 14,483
At 31 August 2024 3,044 14,778 4,595 22,417
NET BOOK VALUE
At 31 August 2024 3,330 34,761 5,354 43,445
At 31 August 2023 2,241 46,349 5,344 53,934

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 50,189 29,591
Rent deposit 4,200 4,200
Amounts due from related co 10,398 10,398
Social security 1,857 1,793
Accrued income 53,181 25,145
Prepayments 10,949 12,113
130,774 83,240

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts (see note 8) 5,234 5,234
Trade creditors 36,292 42,123
Tax 115,074 88,734
VAT 30,898 17,774
Accrued expenses 5,525 5,000
193,023 158,865

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts (see note 8) 32,134 37,369

GB COMPLIANCE LTD (REGISTERED NUMBER: 12141183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.8.24 31.8.23
£    £   
Gross obligations repayable:
Within one year 7,383 7,383
Between one and five years 36,074 43,457
43,457 50,840

Finance charges repayable:
Within one year 2,149 2,149
Between one and five years 3,940 6,088
6,089 8,237

Net obligations repayable:
Within one year 5,234 5,234
Between one and five years 32,134 37,369
37,368 42,603

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary shares 1 100 100