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REGISTERED NUMBER: 02180535 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

G & R SPARES LIMITED

G & R SPARES LIMITED (REGISTERED NUMBER: 02180535)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G & R SPARES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: R A Valentino
A S Valentino





SECRETARY: R A Valentino





REGISTERED OFFICE: 6 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL





REGISTERED NUMBER: 02180535 (England and Wales)





ACCOUNTANTS: Andrew Cross & Co.
Chartered Certified Accountants
6 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL

G & R SPARES LIMITED (REGISTERED NUMBER: 02180535)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 196,285 187,894
196,285 187,894

CURRENT ASSETS
Stocks 310,327 332,734
Debtors 6 453,469 448,001
Cash at bank and in hand 305,355 467,381
1,069,151 1,248,116
CREDITORS
Amounts falling due within one year 7 68,891 65,050
NET CURRENT ASSETS 1,000,260 1,183,066
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,196,545

1,370,960

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,196,445 1,370,860
SHAREHOLDERS' FUNDS 1,196,545 1,370,960

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

G & R SPARES LIMITED (REGISTERED NUMBER: 02180535)

BALANCE SHEET - continued
30 NOVEMBER 2024


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 30 August 2025 and were signed on its behalf by:




R A Valentino - Director



A S Valentino - Director


G & R SPARES LIMITED (REGISTERED NUMBER: 02180535)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

G & R Spares 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1990, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Stocks
Stocks are valued at the lower of cost and net realisable value on the basis of cost price, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

G & R SPARES LIMITED (REGISTERED NUMBER: 02180535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 176,783
AMORTISATION
At 1 December 2023
and 30 November 2024 176,783
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 256,269 96,862 353,131
Additions - 19,149 19,149
At 30 November 2024 256,269 116,011 372,280
DEPRECIATION
At 1 December 2023 71,755 93,482 165,237
Charge for year 5,126 5,632 10,758
At 30 November 2024 76,881 99,114 175,995
NET BOOK VALUE
At 30 November 2024 179,388 16,897 196,285
At 30 November 2023 184,514 3,380 187,894

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,391 28,713
Other debtors 438,078 419,288
453,469 448,001

G & R SPARES LIMITED (REGISTERED NUMBER: 02180535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 16,058 20,546
Taxation and social security 25,949 20,878
Other creditors 26,884 23,626
68,891 65,050

8. ULTIMATE CONTROLLING PARTY

The controlling party is G and R Group Ltd, company number0128589 in England and Wales..