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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
Page
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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
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GB PALLETS LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
66,013 
51,821 
Current assets
Debtors
143,489 
85,345 
Cash at bank and in hand
3,160 
34,562 
146,649 
119,907 
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)
Net assets
108,868 
75,622 
Capital and reserves
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
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GB PALLETS LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 December 2024
7,785 
57,323 
905 
66,013 
At 31 December 2023
771 
51,050 
- 
51,821 
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GB PALLETS LTD Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
141,539 
83,395 
Amounts falling due after more than one year
Other debtors
1,950 
1,950 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
44,818 
43,115 
Obligations under finance leases and hire purchase contracts
14,820 
12,433 
Taxes and social security
16,853 
18,821 
Deferred income
1,470 
- 
77,961 
74,369 
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).
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