IRIS Accounts Production v25.2.0.378 03755398 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037553982023-12-31037553982024-12-31037553982024-01-012024-12-31037553982022-12-31037553982023-01-012023-12-31037553982023-12-3103755398ns15:EnglandWales2024-01-012024-12-3103755398ns14:PoundSterling2024-01-012024-12-3103755398ns10:Director12024-01-012024-12-3103755398ns10:Director22024-01-012024-12-3103755398ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3103755398ns10:SmallEntities2024-01-012024-12-3103755398ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3103755398ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3103755398ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3103755398ns10:FullAccounts2024-01-012024-12-3103755398ns10:OrdinaryShareClass12024-01-012024-12-3103755398ns10:Director32024-01-012024-12-3103755398ns10:CompanySecretary12024-01-012024-12-3103755398ns10:RegisteredOffice2024-01-012024-12-3103755398ns5:CurrentFinancialInstruments2024-12-3103755398ns5:CurrentFinancialInstruments2023-12-3103755398ns5:ShareCapital2024-12-3103755398ns5:ShareCapital2023-12-3103755398ns5:SharePremium2024-12-3103755398ns5:SharePremium2023-12-3103755398ns5:RevaluationReserve2024-12-3103755398ns5:RevaluationReserve2023-12-3103755398ns5:RetainedEarningsAccumulatedLosses2024-12-3103755398ns5:RetainedEarningsAccumulatedLosses2023-12-3103755398ns5:PlantMachinery2024-01-012024-12-3103755398ns5:PlantMachinery2023-12-3103755398ns5:PlantMachinery2024-12-3103755398ns5:PlantMachinery2023-12-3103755398ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3103755398ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3103755398ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 03755398 (England and Wales)















GB MONITORING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






GB MONITORING LIMITED (REGISTERED NUMBER: 03755398)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


GB MONITORING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr S C Wright
Mr N M Jackson
Mr T Wright



SECRETARY: Mr J A Walton



REGISTERED OFFICE: Security House
High Street
Donington
Spalding
Lincolnshire
PE11 4TA



REGISTERED NUMBER: 03755398 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
5 Resolution Close
Endeavour Park
Boston
Lincolnshire
PE21 7TT



SOLICITORS: Chattertons
28 Wide Bargate
Boston
Lincolnshire
PE21 6RT

GB MONITORING LIMITED (REGISTERED NUMBER: 03755398)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,164 103,278

CURRENT ASSETS
Debtors 5 345,384 306,674
Cash at bank 18,424 6,041
363,808 312,715
CREDITORS
Amounts falling due within one year 6 354,628 237,463
NET CURRENT ASSETS 9,180 75,252
TOTAL ASSETS LESS CURRENT LIABILITIES 105,344 178,530

PROVISIONS FOR LIABILITIES 23,969 25,525
NET ASSETS 81,375 153,005

CAPITAL AND RESERVES
Called up share capital 7 25,002 25,002
Share premium 15,000 15,000
Revaluation reserve 10,500 15,750
Retained earnings 30,873 97,253
SHAREHOLDERS' FUNDS 81,375 153,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2025 and were signed on its behalf by:



Mr S C Wright - Director



Mr N M Jackson - Director


GB MONITORING LIMITED (REGISTERED NUMBER: 03755398)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

GB Monitoring Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced and accrued sales of goods, excluding value added tax. Revenue is recognised as and when it falls due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on cost

Tangible fixed assets are held at cost or valuation less accumulated depreciation and are revalued periodically when the directors consider than there is a material difference between market value and net book value.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


GB MONITORING LIMITED (REGISTERED NUMBER: 03755398)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 January 2024 312,345
Additions 3,505
At 31 December 2024 315,850
DEPRECIATION
At 1 January 2024 209,067
Charge for year 10,619
At 31 December 2024 219,686
NET BOOK VALUE
At 31 December 2024 96,164
At 31 December 2023 103,278

Cost or valuation at 31 December 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2024 309,789
Cost 6,061
315,850

If plant and machinery had not been revalued it would have been recognised as £78,894 (2023 - £80,840).

Plant and machinery were included in the accounts for the year ended 31 December 2024 based on the valuation on an open market basis as prepared by the directors.

GB MONITORING LIMITED (REGISTERED NUMBER: 03755398)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 274,721 179,162
Other debtors 70,663 127,512
345,384 306,674

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 42,837 22,981
Taxation and social security 25,172 22,955
Other creditors 286,619 191,527
354,628 237,463

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25,002 Ordinary 1 25,002 25,002