REGISTERED NUMBER: 05294288 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GBJ FINANCIAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R Hillier

A J Tullett

REGISTERED OFFICE:

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH16RW

REGISTERED NUMBER:

05294288 (England and Wales)

FIXED ASSETS

Intangible assets

4

187,831

316,691

Tangible assets

5

2,005

2,706

189,836

319,397

CURRENT ASSETS

Debtors

6

759,599

793,048

Cash at bank and in hand

103,488

66,567

863,087

859,615

CREDITORS

Amounts falling due within one year

7

789,795

789,114

NET CURRENT ASSETS

73,292

70,501

TOTAL ASSETS LESS CURRENT LIABILITIES

263,128

389,898

CREDITORS

Amounts falling due after more than one year

8

-

50,808

NET ASSETS

263,128

339,090

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

263,028

338,990

SHAREHOLDERS' FUNDS

263,128

339,090

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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

J R Hillier - Director

A J Tullett - Director

1.	STATUTORY INFORMATION

GBJ Financial 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 represents net invoiced sales of professional services, excluding value added tax.

Goodwill

Goodwill, being the amounts paid in connection with the acquisition of accounting businesses, are being amortised evenly over their estimated useful lives of ten years.

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 cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 13 (2023 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

1,309,301

AMORTISATION

At 1 January 2024

992,610

Charge for year

128,860

At 31 December 2024

1,121,470

NET BOOK VALUE

At 31 December 2024

187,831

At 31 December 2023

316,691

Goodwill is in respect to amounts paid in connection with the acquisition of accounting businesses.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

14,298

Additions

619

At 31 December 2024

14,917

DEPRECIATION

At 1 January 2024

11,592

Charge for year

1,320

At 31 December 2024

12,912

NET BOOK VALUE

At 31 December 2024

2,005

At 31 December 2023

2,706

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

222,989

246,516

Amounts owed by group undertakings

363,429

353,431

Work in progress

75,900

84,725

Other debtors

97,281

108,376

759,599

793,048

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

50,808

159,486

Trade creditors

36,322

42,834

Taxation and social security

53,797

91,615

Other creditors

648,868

495,179

789,795

789,114

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

50,808