GBELUX Limited
Registered number: | 04634402
Balance Sheet
as at 31 January 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Intangible assets | 3 |  |  | 2 |  |  | 2
Tangible assets | 4 |  |  | 924,602 |  |  | 736,052
|  |  |  | 924,604 |  |  | 736,054
Current assets
Debtors | 5 |  | 59,790 |  |  | 28,294
Cash at bank and in hand |  |  | 1,782 |  |  | 159,535
|  |  | 61,572 |  |  | 187,829
Creditors: amounts falling due within one year | 6 |  | (226,722) |  |  | (162,975)
Net current (liabilities)/assets |  |  |  | (165,150) |  |  | 24,854
Total assets less current liabilities |  |  |  | 759,454 |  |  | 760,908
Creditors: amounts falling due after more than one year | 7 |  |  | (117,061) |  |  | (172,900)
Provisions for liabilities |  |  |  | (18,547) |  |  | (20,078)
Net assets |  |  |  | 623,846 |  |  | 567,930
Capital and reserves
Called up share capital |  |  |  | 1,000 |  |  | 1,000
Profit and loss account |  |  |  | 622,846 |  |  | 566,930
Shareholders' funds |  |  |  | 623,846 |  |  | 567,930
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MRL Vanhoonacker
Director
Approved by the board on 15 September 2025

GBELUX Limited
Notes to the Accounts
for the year ended 31 January 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
| Intangible fixed assets
| Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Freehold buildings | nil
| Plant and machinery | 20% reducing balance method
| Motor vehicles | 20% reducing balance method
| No depreciation has been provided upon freehold land and buildings. The buildings are maintained in a continual state of sound repair, their estimated lives are so long, and their residual values so high that any charge would be immaterial.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Foreign currency translation
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 2 |  | 2
3 | Intangible fixed assets | £
| Goodwill:
| Cost
| At 1 February 2024 | 9,245
| At 31 January 2025 | 9,245
| Amortisation
| At 1 February 2024 | 9,243
| At 31 January 2025 | 9,243
| Net book value
| At 31 January 2025 | 2
| At 31 January 2024 | 2
| Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 | Tangible fixed assets
|  | Freehold land and buildings |  | Plant and machinery |  | Motor vehicles |  | Total
£ | £ | £ | £
| Cost
| At 1 February 2024 | 694,335 |  | 30,303 |  | 71,780 |  | 796,418
| Additions | 225,758 |  | - |  | - |  | 225,758
| Disposals | - |  | - |  | (71,780) |  | (71,780)
| At 31 January 2025 | 920,093 |  | 30,303 |  | - |  | 950,396
| Depreciation
| At 1 February 2024 | - |  | 24,669 |  | 35,697 |  | 60,366
| Charge for the year | - |  | 1,125 |  | - |  | 1,125
| On disposals | - |  | - |  | (35,697) |  | (35,697)
| At 31 January 2025 | - |  | 25,794 |  | - |  | 25,794
| Net book value
| At 31 January 2025 | 920,093 |  | 4,509 |  | - |  | 924,602
| At 31 January 2024 | 694,335 |  | 5,634 |  | 36,083 |  | 736,052
5 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 17,461 |  | 27,907
| Other debtors | 42,329 |  | 387
|  |  |  |  |  | 59,790 |  | 28,294
6 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Bank loans and overdrafts | 22,305 |  | 30,174
| Obligations under finance lease and hire purchase contracts | 226 |  | 7,883
| Corporation tax | 68,757 |  | 28,955
| Other taxes and social security costs | 27,433 |  | 14,885
| Other creditors | 108,001 |  | 81,078
|  |  |  |  |  | 226,722 |  | 162,975
7 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 117,061 |  | 141,431
| Obligations under finance lease and hire purchase contracts | - |  | 31,469
|  |  |  |  |  | 117,061 |  | 172,900
8 | Related party transactions
| At the year end, the director and secretary owed £19,264 to the company.Interest at 2.25% is being charged on these loans, which are repayable on demand.
9 | Other information
| GBELUX Limited is a private company limited by shares and incorporated in England. Its registered office is:
| Westwood House
| Annie Med Lane
| South Cave
| East Yorkshire
| HU15 2HG

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