IRIS Accounts Production v25.1.4.42 01871479 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh018714792023-12-31018714792024-12-31018714792024-01-012024-12-31018714792022-12-31018714792023-01-012023-12-31018714792023-12-3101871479ns15:EnglandWales2024-01-012024-12-3101871479ns14:PoundSterling2024-01-012024-12-3101871479ns10:Director12024-01-012024-12-3101871479ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3101871479ns10:SmallEntities2024-01-012024-12-3101871479ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3101871479ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3101871479ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3101871479ns10:FullAccounts2024-01-012024-12-3101871479ns10:OrdinaryShareClass12024-01-012024-12-3101871479ns10:Director22024-01-012024-12-3101871479ns10:CompanySecretary12024-01-012024-12-3101871479ns10:RegisteredOffice2024-01-012024-12-3101871479ns5:CurrentFinancialInstruments2024-12-3101871479ns5:CurrentFinancialInstruments2023-12-3101871479ns5:ShareCapital2024-12-3101871479ns5:ShareCapital2023-12-3101871479ns5:RetainedEarningsAccumulatedLosses2024-12-3101871479ns5:RetainedEarningsAccumulatedLosses2023-12-3101871479ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-01-012024-12-3101871479ns5:LeaseholdImprovements2024-01-012024-12-3101871479ns5:PlantMachinery2024-01-012024-12-3101871479ns5:FurnitureFittings2024-01-012024-12-3101871479ns5:ComputerEquipment2024-01-012024-12-3101871479ns5:LandBuildings2023-12-3101871479ns5:LeaseholdImprovements2023-12-3101871479ns5:PlantMachinery2023-12-3101871479ns5:LandBuildings2024-01-012024-12-3101871479ns5:LandBuildings2024-12-3101871479ns5:LeaseholdImprovements2024-12-3101871479ns5:PlantMachinery2024-12-3101871479ns5:LandBuildings2023-12-3101871479ns5:LeaseholdImprovements2023-12-3101871479ns5:PlantMachinery2023-12-3101871479ns5:FurnitureFittings2023-12-3101871479ns5:ComputerEquipment2023-12-3101871479ns5:FurnitureFittings2024-12-3101871479ns5:ComputerEquipment2024-12-3101871479ns5:FurnitureFittings2023-12-3101871479ns5:ComputerEquipment2023-12-3101871479ns5:CostValuation2023-12-3101871479ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3101871479ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3101871479ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 01871479 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

G.C. SUPPLIES UK LIMITED

G.C. SUPPLIES UK LIMITED (REGISTERED NUMBER: 01871479)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.C. SUPPLIES UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: A T Steeles
Mrs D Steeles





SECRETARY: Mrs D Steeles





REGISTERED OFFICE: 67 Chorley Old Road
Bolton
BL1 3AJ





REGISTERED NUMBER: 01871479 (England and Wales)





ACCOUNTANTS: Ryans
Chartered Accountants
67 Chorley Old Road
Bolton
BL1 3AJ

G.C. SUPPLIES UK LIMITED (REGISTERED NUMBER: 01871479)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 318,671 320,860
Investments 5 100 100
318,771 320,960

CURRENT ASSETS
Stocks 1,728,165 1,636,335
Debtors 6 557,270 435,978
Cash at bank and in hand 957,125 467,880
3,242,560 2,540,193
CREDITORS
Amounts falling due within one year 7 642,620 420,214
NET CURRENT ASSETS 2,599,940 2,119,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,918,711

2,440,939

PROVISIONS FOR LIABILITIES 18,056 16,835
NET ASSETS 2,900,655 2,424,104

CAPITAL AND RESERVES
Called up share capital 8 700,000 700,000
Retained earnings 2,200,655 1,724,104
SHAREHOLDERS' FUNDS 2,900,655 2,424,104

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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.C. SUPPLIES UK LIMITED (REGISTERED NUMBER: 01871479)

BALANCE SHEET - continued
31ST 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th June 2025 and were signed on its behalf by:





A T Steeles - Director


G.C. SUPPLIES UK LIMITED (REGISTERED NUMBER: 01871479)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

G.C. Supplies UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 3.33% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 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.

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.

G.C. SUPPLIES UK LIMITED (REGISTERED NUMBER: 01871479)

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

2. ACCOUNTING POLICIES - continued

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 16 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1st January 2024 312,320 78,980 210,587
Additions - - 6,382
Disposals - - (809 )
At 31st December 2024 312,320 78,980 216,160
DEPRECIATION
At 1st January 2024 132,047 6,029 164,414
Charge for year 4,705 2,606 9,405
Eliminated on disposal - - (809 )
At 31st December 2024 136,752 8,635 173,010
NET BOOK VALUE
At 31st December 2024 175,568 70,345 43,150
At 31st December 2023 180,273 72,951 46,173

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2024 55,415 8,729 666,031
Additions 9,603 6,326 22,311
Disposals (301 ) (154 ) (1,264 )
At 31st December 2024 64,717 14,901 687,078
DEPRECIATION
At 1st January 2024 39,048 3,633 345,171
Charge for year 3,952 3,832 24,500
Eliminated on disposal (301 ) (154 ) (1,264 )
At 31st December 2024 42,699 7,311 368,407
NET BOOK VALUE
At 31st December 2024 22,018 7,590 318,671
At 31st December 2023 16,367 5,096 320,860

G.C. SUPPLIES UK LIMITED (REGISTERED NUMBER: 01871479)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2024
and 31st December 2024 100
NET BOOK VALUE
At 31st December 2024 100
At 31st December 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 534,128 417,175
Other debtors 23,142 18,803
557,270 435,978

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 312,298 157,688
Amounts owed to group undertakings 100 100
Taxation and social security 321,314 252,873
Other creditors 8,908 9,553
642,620 420,214

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
700,000 Ordinary £1 700,000 700,000

9. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, who own the whole of the issued share capital of Valvestock Ltd, incorporated in England, which is the ultimate parent undertaking.