| Registered Number:06001132 |
For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 October 2024
GS Supplies Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
GS Supplies Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
27,553
11,109
2
27,553
11,109
262,176
281,263
3
| Trade and other receivables |
19,533
89,641
4
454,276
| Cash and cash equivalents |
105,237
476,141
735,985
| Trade and other payables: amounts falling due within one |
| year |
(336,813)
(182,652)
5
399,172
293,489
Net current assets
| Total assets less current liabilities |
321,042
410,281
| Trade and other payables: amounts falling due after more |
| than one year |
(385,292)
(283,000)
6
38,042
Net assets
24,989
2
2
38,040
24,987
38,042
24,989
Shareholders' funds
| For the year ended 31 October 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 year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of |
| each financial year and of its profit or loss for each financial year in accordance with the requirements of Section |
| 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial |
| statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 28 July 2025 and were signed by: |
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For the year ended 31 October 2024
GS Supplies Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
2 of 5
For the year ended 31 October 2024
GS Supplies Limited
Notes to the Financial Statements
Statutory Information
| GS Supplies Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 06001132. |
| Principal place of business: |
157-159 St George's Road
Preston
Lancashire
PR1 6NQ
157.159 St Georges Road
Preston
Lancashire
PR1 6NQ
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
| No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
| useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
| would be immaterial. The directors undertake an annual impairment review of these properties. |
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 October 2024
GS Supplies Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
81,155
46,339
6,967
5,900
17,589
4,360
28,975
28,975
-
-
-
-
4,360
5,900
6,967
75,314
110,130
17,589
| Provision for depreciation and impairment |
70,046
44,054
3,457
5,900
16,635
-
Charge for year
12,531
11,664
390
-
477
-
82,577
55,718
3,847
5,900
17,112
-
4,360
477
-
3,120
19,596
27,553
4,360
954
-
3,510
2,285
11,109
2023
2024
281,263
262,176
| 4. Trade and other receivables |
2023
2024
9,780
18,285
79,861
1,248
19,533
89,641
| The debtors above include the following amounts falling due after more than one year: |
77,708
-
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For the year ended 31 October 2024
GS Supplies Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
1,367
3,510
151,206
268,516
| Taxation and social security |
16,877
22,021
13,202
42,766
182,652
336,813
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
283,000
385,292
| 7. Average number of persons employed |
During the year the average number of employees was 12 (2023 : 12)
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