GBELUX Limited - Filleted accounts

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