GLOUCESTER BEARINGS AND TRANSMISSIONS LIMITED

Company Registration Number:
02853160 (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

GLOUCESTER BEARINGS AND TRANSMISSIONS LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Notes

GLOUCESTER BEARINGS AND TRANSMISSIONS LIMITED

Balance sheet

As at 30 September 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 235,325 129,456
Total fixed assets: 235,325 129,456
Current assets
Stocks: 71,620 67,580
Debtors:   547,933 572,134
Cash at bank and in hand: 123,792 251,797
Total current assets: 743,345 891,511
Creditors: amounts falling due within one year: 4 (465,891) (560,555)
Net current assets (liabilities): 277,454 330,956
Total assets less current liabilities: 512,779 460,412
Creditors: amounts falling due after more than one year:   (118,526) (76,342)
Provision for liabilities: (13,990) (9,693)
Total net assets (liabilities): 380,263 374,377
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 379,263 373,377
Shareholders funds: 380,263 374,377

The notes form part of these financial statements

GLOUCESTER BEARINGS AND TRANSMISSIONS LIMITED

Balance sheet statements

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 in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 June 2025
and signed on behalf of the board by:

Name: Andrew Boyce
Status: Director

The notes form part of these financial statements

GLOUCESTER BEARINGS AND TRANSMISSIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

1. Accounting policies

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

GLOUCESTER BEARINGS AND TRANSMISSIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

2. Employees

2024 2023
Average number of employees during the period 9 10

GLOUCESTER BEARINGS AND TRANSMISSIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible Assets

Total
Cost £
At 01 October 2023 302,965
Additions 245,932
Disposals (199,883)
At 30 September 2024 349,014
Depreciation
At 01 October 2023 173,509
Charge for year 64,803
On disposals (124,623)
At 30 September 2024 113,689
Net book value
At 30 September 2024 235,325
At 30 September 2023 129,456

GLOUCESTER BEARINGS AND TRANSMISSIONS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Creditors: amounts falling due within one year note

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.