GB EXCELLENCE LIMITED

Company Registration Number:
14376917 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

GB EXCELLENCE LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7

GB EXCELLENCE LIMITED

Company Information

for the Period Ended 30 September 2024




Director: John Neil Williams
Registered office: 8-10
Griffin Street
Newport
GB-WLS
NP20 1GL
Company Registration Number: 14376917 (England and Wales)

GB EXCELLENCE LIMITED

Profit and Loss Account

for the Period Ended 30 September 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) 0 -
Administrative Expenses ( 24,711 ) -
Operating Profit or (Loss) ( 24,711 ) -
Interest Receivable and Similar Income 16,774 -
Profit or (Loss) Before Tax ( 7,937 ) -
Tax on Profit ( 0 ) -
Profit or (Loss) for Period ( 7,937 ) -

The notes form part of these financial statements

GB EXCELLENCE LIMITED

Balance sheet

As at 30 September 2024


Notes

2024
£

2023
£
Fixed assets
Total fixed assets: - -
Current assets
Debtors: 134,572
Cash at bank and in hand: 341,239 1
Total current assets: 475,811 1
Prepayments and accrued income: 12,338
Creditors: amounts falling due within one year: ( 264,449 )
Net current assets (liabilities): 223,700 1
Total assets less current liabilities: 223,700 1
Creditors: amounts falling due after more than one year: ( 231,637 )
Total net assets (liabilities): ( 7,937 ) 1

The notes form part of these financial statements

GB EXCELLENCE LIMITED

Balance sheet continued

As at 30 September 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 7,938 )
Shareholders funds: ( 7,937 ) 1

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 25 June 2025
And Signed On Behalf Of The Board By:

Name: John Neil Williams
Status: Director

The notes form part of these financial statements

GB EXCELLENCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 rendering of services. Turnover from the rendering of services is recognized only when the service is completed based IFRS 15, Paragraph 38 “If the event is the performance obligation, and the customer receives benefit only upon full delivery, then revenue is recognized at a point in time.”.

    Other accounting policies

    Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in spect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Provisions Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. Foreign currency translation Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

GB EXCELLENCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

    As of September 30, 2024, no employee has been hired by the company.

GB EXCELLENCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 3. Off balance sheet disclosure

    No