REGISTERED NUMBER: 10696448 (England and Wales)

GBA Motor Services Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G B Smith

REGISTERED OFFICE:

Unit 2 Panhard Buildings

Bell Lane

Uckfield

East Sussex

TN22 1QL

REGISTERED NUMBER:

10696448 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Intangible assets

4

2,000

3,000

Tangible assets

5

3,460

7,358

5,460

10,358

CURRENT ASSETS

Stocks

3,800

21,641

Debtors

6

16,984

19,987

Cash at bank

20,119

11,978

40,903

53,606

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7

37,246

36,796

NET CURRENT ASSETS

3,657

16,810

TOTAL ASSETS LESS CURRENT LIABILITIES

9,117

27,168

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

8

(5,213

)

(13,991

)

PROVISIONS FOR LIABILITIES

-

(268

)

NET ASSETS

3,904

12,909

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

3,804

12,809

SHAREHOLDERS' FUNDS

3,904

12,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2025 and were signed by:

Mr G B Smith - Director

1.	STATUTORY INFORMATION

GBA Motor Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 2017, is being amortised evenly over its estimated useful life of ten 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.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 contributes to a defined contribution pension scheme. Contributions payable to the 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 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

10,000

AMORTISATION

At 1 April 2024

7,000

Charge for year

1,000

At 31 March 2025

8,000

NET BOOK VALUE

At 31 March 2025

2,000

At 31 March 2024

3,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

42,451

16,156

8,900

67,507

Additions

-

274

-

274

Disposals

-

-

(500

)

(500

)

At 31 March 2025

42,451

16,430

8,400

67,281

DEPRECIATION

At 1 April 2024

39,884

13,227

7,038

60,149

Charge for year

1,003

1,519

1,400

3,922

Eliminated on disposal

-

-

(250

)

(250

)

At 31 March 2025

40,887

14,746

8,188

63,821

NET BOOK VALUE

At 31 March 2025

1,564

1,684

212

3,460

At 31 March 2024

2,567

2,929

1,862

7,358

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,509

3,599

Other debtors

12,475

16,388

16,984

19,987

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,770

8,548

Trade creditors

10,949

10,847

Taxation and social security

13,705

13,993

Other creditors

3,822

3,408

37,246

36,796

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

5,213

13,991

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had operating lease commitments of £6,167 (2024 - £15,417).

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr G B Smith

Balance outstanding at start of year

6,060

3,179

Amounts advanced

4,468

8,381

Amounts repaid

(6,250

)

(5,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,278

6,060

This loan is unsecured, interest free and repayable on demand.

12.	RELATED PARTY DISCLOSURES

During the year dividends were paid to director totalling £29,400 (2024 - £37,318).