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REGISTERED NUMBER: 09056877 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024

FOR

GSC FREIGHT LTD

GSC FREIGHT LTD (REGISTERED NUMBER: 09056877)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GSC FREIGHT LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024







DIRECTOR: G C Hills





SECRETARY: Mrs S L Hills





REGISTERED OFFICE: Lothing House
7 Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD





REGISTERED NUMBER: 09056877 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

GSC FREIGHT LTD (REGISTERED NUMBER: 09056877)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 316 458

CURRENT ASSETS
Debtors 5 2,073 9,389
Cash at bank 38 2,439
2,111 11,828
CREDITORS
Amounts falling due within one year 6 (2,319 ) (12,134 )
NET CURRENT LIABILITIES (208 ) (306 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

108

152

PROVISIONS FOR LIABILITIES 7 (87 ) (87 )
NET ASSETS 21 65

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 20 64
SHAREHOLDERS' FUNDS 21 65

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 19 August 2025 and were signed by:




G C Hills - Director


GSC FREIGHT LTD (REGISTERED NUMBER: 09056877)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024

1. STATUTORY INFORMATION

GSC Freight Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Taxation
Taxation for the period 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

GSC FREIGHT LTD (REGISTERED NUMBER: 09056877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 30 November 2024 1,276
DEPRECIATION
At 1 June 2023 818
Charge for period 142
At 30 November 2024 960
NET BOOK VALUE
At 30 November 2024 316
At 31 May 2023 458

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 31.5.23
£    £   
Trade debtors - 1,401
Other debtors 2,073 7,988
2,073 9,389

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 31.5.23
£    £   
Trade creditors 1 10,445
Taxation and social security 722 1,689
Other creditors 1,596 -
2,319 12,134

7. PROVISIONS FOR LIABILITIES
30.11.24 31.5.23
£    £   
Deferred tax 87 87

Deferred
tax
£   
Balance at 1 June 2023 87
Accelerated capital allowances
Balance at 30 November 2024 87

GSC FREIGHT LTD (REGISTERED NUMBER: 09056877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 31.5.23
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 June 2023 64
Profit for the period 706
Dividends (750 )
At 30 November 2024 20

10. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr G S Hills as holder of the share capital throughout the current period.
The company operates a loan account with the Director and the balance as at 30 November 2024 was £(1,550) (31 May 2023 £(7,988)).