Company registration number 14649274 (England and Wales)
GRB-UK LTD FORMALLY KNOWN AS GB TEC LTD AND VEMEC LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
GRB-UK LTD FORMALLY KNOWN AS GB TEC LTD AND VEMEC LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
GRB-UK LTD FORMALLY KNOWN AS GB TEC LTD AND VEMEC LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
811
-
0
Current assets
Debtors
4
520
1,252
Cash at bank and in hand
1,324
766
1,844
2,018
Creditors: amounts falling due within one year
5
(8,332)
(3,026)
Net current liabilities
(6,488)
(1,008)
Net liabilities
(5,677)
(1,008)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(5,777)
(1,108)
Total equity
(5,677)
(1,008)

For the financial Period ended 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 of its financial statements for the Period in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 24 July 2025
Mr G Bailey
Director
Company registration number 14649274 (England and Wales)
GRB-UK LTD FORMALLY KNOWN AS GB TEC LTD AND VEMEC LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

GRB-UK Ltd formally known as GB Tec Ltd and Vemec Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 30 Old Market, Wisbech, Cambridgeshire, England, PE13 1NB. The principal place of business is Sandall Road, Wisbech, Cambs, PE13 2FN.

1.1
Reporting period

The accounts for this period cover 10 months from the end of the last reporting period. The reporting period

length has been adjusted to bring the company in line with other group companies under common control by

the shareholders. The reporting length change means that the comparative amounts presented in the

financial statements (including the related notes) are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The accounts have been prepared on a going concern basis. The company relies upon the continued support of the company’s shareholders. The directors are of the understanding that this support is to continue and as such the directors continue to adopt the going concern basis of accounting.true

 

1.4
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

 

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

GRB-UK LTD FORMALLY KNOWN AS GB TEC LTD AND VEMEC LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% straightline

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2025
2024
Number
Number
Total
-
0
-
0
GRB-UK LTD FORMALLY KNOWN AS GB TEC LTD AND VEMEC LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 29 February 2024
-
0
Additions
933
At 31 December 2024
933
Depreciation and impairment
At 29 February 2024
-
0
Depreciation charged in the Period
122
At 31 December 2024
122
Carrying amount
At 31 December 2024
811
At 28 February 2024
-
0
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
113
-
0
Other debtors
407
1,252
520
1,252
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
892
-
0
Trade creditors
2,065
-
0
Other creditors
5,375
3,026
8,332
3,026
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