Company Registration No. 13056188 (England and Wales)
GB PALLETS LTD
Unaudited accounts
for the year ended 31 December 2024
GB PALLETS LTD
Unaudited accounts
Contents
GB PALLETS LTD
Company Information
for the year ended 31 December 2024
Director
George Bartholomew
Company Number
13056188 (England and Wales)
Registered Office
39 High Street
Orpington
BR6 0JE
ENGLAND
GB PALLETS LTD
Statement of financial position
as at 31 December 2024
Tangible assets
66,013
51,821
Cash at bank and in hand
3,160
34,562
Creditors: amounts falling due within one year
(77,961)
(74,369)
Net current assets
68,688
45,538
Total assets less current liabilities
134,701
97,359
Creditors: amounts falling due after more than one year
(25,833)
(21,737)
Called up share capital
1
1
Profit and loss account
108,867
75,621
Shareholders' funds
108,868
75,622
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 January 2025 and were signed on its behalf by
George Bartholomew
Director
Company Registration No. 13056188
GB PALLETS LTD
Notes to the Accounts
for the year ended 31 December 2024
GB PALLETS LTD is a private company, limited by shares, registered in England and Wales, registration number 13056188. The registered office is 39 High Street, Orpington, BR6 0JE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Straght Line
Motor vehicles
20% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
13,585
92,151
-
105,736
Additions
17,160
29,750
1,350
48,260
Disposals
-
(4,516)
-
(4,516)
At 31 December 2024
30,745
117,385
1,350
149,480
At 1 January 2024
12,814
41,101
-
53,915
Charge for the year
10,146
23,477
445
34,068
On disposals
-
(4,516)
-
(4,516)
At 31 December 2024
22,960
60,062
445
83,467
At 31 December 2024
7,785
57,323
905
66,013
At 31 December 2023
771
51,050
-
51,821
GB PALLETS LTD
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
141,539
83,395
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
14,820
12,433
Taxes and social security
16,853
18,821
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
25,833
21,737
8
Average number of employees
During the year the average number of employees was 3 (2023: 1).