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REGISTERED NUMBER: 14774324 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Gps Autoservices Ltd

Gps Autoservices Ltd (Registered number: 14774324)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Gps Autoservices Ltd

Company Information
for the year ended 31 December 2024







DIRECTOR: G P Saignes





REGISTERED OFFICE: 75 Kestrel Drive
Crewe
CW1 3YX





REGISTERED NUMBER: 14774324 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

Gps Autoservices Ltd (Registered number: 14774324)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 25,144 12,189

CURRENT ASSETS
Debtors 6 10,060 6,997
Cash at bank 12,709 14,046
22,769 21,043
CREDITORS
Amounts falling due within one year 7 (28,179 ) (23,908 )
NET CURRENT LIABILITIES (5,410 ) (2,865 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,734

9,324

CREDITORS
Amounts falling due after more than one
year

8

(15,873

)

-

PROVISIONS FOR LIABILITIES 10 (3,747 ) (1,155 )
NET ASSETS 114 8,169

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 113 8,168
SHAREHOLDER FUNDS 114 8,169

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

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

Gps Autoservices Ltd (Registered number: 14774324)

Statement of Financial Position - continued
31 December 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 May 2025 and were signed by:





G P Saignes - Director


Gps Autoservices Ltd (Registered number: 14774324)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

GPS Autoservices Ltd ('The Company') is primarily engaged in the transportation of vehicles by road.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and the registered office is 75 Kestrel Drive, Crewe, England, CW1 3YX. The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

The accounting reference date of the company was shortened to report a six-month trading period ended 31 December 2023 for the comparative period. The current period is twelve months.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the director. Therefore, the director considers it appropriate to prepare the financial statements on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 end of the financial period.


Gps Autoservices Ltd (Registered number: 14774324)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the end of the financial period.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 7,530 6,400 13,930
Additions 1,450 25,487 26,937
Disposals - (6,400 ) (6,400 )
At 31 December 2024 8,980 25,487 34,467
DEPRECIATION
At 1 January 2024 941 800 1,741
Charge for year 2,010 6,372 8,382
Eliminated on disposal - (800 ) (800 )
At 31 December 2024 2,951 6,372 9,323
NET BOOK VALUE
At 31 December 2024 6,029 19,115 25,144
At 31 December 2023 6,589 5,600 12,189

Gps Autoservices Ltd (Registered number: 14774324)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 25,487
At 31 December 2024 25,487
DEPRECIATION
Charge for year 6,372
At 31 December 2024 6,372
NET BOOK VALUE
At 31 December 2024 19,115

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,775 6,997
Other debtors 1,285 -
10,060 6,997

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,097 -
Trade creditors 99 525
Taxation and social security 3,572 4,415
Other creditors 19,411 18,968
28,179 23,908

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 15,873 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 20,970 -

The hire purchase contracts are secured over the assets to which they relate.

Gps Autoservices Ltd (Registered number: 14774324)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,747 1,155

Deferred
tax
£   
Balance at 1 January 2024 1,155
Charge to Income Statement during year 2,592
Balance at 31 December 2024 3,747

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

An amount of £17,538 (2023: £17,337) is owed to the director and is included within creditors: amounts falling due within one year.

During the period interest payable of £1,234 (2023: £957) has been incurred by the company in respect of the director's loan.