REGISTERED NUMBER: 13759928 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

G&B AUTOSPRAY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M Bannister

Mrs G Bannister

REGISTERED OFFICE:

159 High Street

Barnet

Hertfordshire

EN5 5SU

REGISTERED NUMBER:

13759928 (England and Wales)

ACCOUNTANTS:

Joshua Leigh & Co Ltd

159 High Street

Barnet

Hertfordshire

EN5 5SU

FIXED ASSETS

Intangible assets

4

143,018

162,518

Tangible assets

5

3,674

5,128

146,692

167,646

CURRENT ASSETS

Debtors

17,665

17,408

Cash at bank

5,566

22,113

23,231

39,521

CREDITORS

Amounts falling due within one year

(178,846

)

(204,500

)

NET CURRENT LIABILITIES

(155,615

)

(164,979

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,923

)

2,667

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(9,023

)

2,567

SHAREHOLDERS' FUNDS

(8,923

)

2,667

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 September 2025 and were signed on its behalf by:

Mrs G Bannister - Director

Mr M Bannister - Director

1.	STATUTORY INFORMATION

G&B Autospray 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 2022, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

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 balance sheet date.

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 3 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

195,000

AMORTISATION

At 1 January 2024

32,482

Amortisation for year

19,500

At 31 December 2024

51,982

NET BOOK VALUE

At 31 December 2024

143,018

At 31 December 2023

162,518

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

7,722

DEPRECIATION

At 1 January 2024

2,594

Charge for year

1,454

At 31 December 2024

4,048

NET BOOK VALUE

At 31 December 2024

3,674

At 31 December 2023

5,128