REGISTERED NUMBER: 10144537 (England and Wales)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UNAUDITED FINANCIAL STATEMENTS

 

FOR THE YEAR ENDED 30 APRIL 2025

 

 

FOR

 

 

GB COMMODITIES LIMITED

GB COMMODITIES LIMITED (REGISTERED NUMBER: 10144537)

 

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

 

 

Page

 

 

Company Information

1

 

 

Balance Sheet

2

 

 

Notes to the Financial Statements

3

 

GB COMMODITIES LIMITED

 

COMPANY INFORMATION

FOR THE YEAR ENDED 30 APRIL 2025

 

DIRECTORS:

A D Barley

 

 

SECRETARIES:

A Barley

 

 

REGISTERED OFFICE:

Office 30 Lonsdale Gate

 

Lonsdale Gardens

 

Tunbridge Wells

 

Kent

 

TN9 1NU

 

 

REGISTERED NUMBER:

10144537 (England and Wales)

 

GB COMMODITIES LIMITED (REGISTERED NUMBER: 10144537)

 

BALANCE SHEET

30 APRIL 2025

 

 

 

2025

2024

 

Notes

£

£

FIXED ASSETS

 

 

 

Tangible fixed assets

4

21,445

32,167

Investments

5

15,350

15,350

 

 

 

 

 

 

36,795

47,517

CURRENT ASSETS

 

 

 

Debtors

6

18,871

34,233

Cash at bank and in hand

 

25,628

101,453

 

 

 

 

 

 

44,499

135,686

CREDITORS

 

 

 

Amounts falling due within one year

7

(72,932)

(107,755)

 

 

 

 

NET CURRENT ASSETS / (LIABILITIES)

 

(28,433)

27,931

 

 

 

 

TOTAL ASSETS LESS CURRENT LIABILITIES

 

8,362

75,448

 

 

 

 

CREDITORS

 

 

 

Amounts falling due after more than one year

8

(833)

(10,833)

 

 

 

 

NET ASSETS

 

7,529

64,615

 

 

 

 

CAPITAL AND RESERVES

 

 

 

Called up share capital

11

10

10

Profit and loss account

12

7,519

64,605

 

 

 

 

SHAREHOLDERS' FUNDS

 

7,529

64,615

 

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

 

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

 

GB COMMODITIES LIMITED (REGISTERED NUMBER: 10144537)

 

BALANCE SHEET - continued

30 APRIL 2025

 

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

 

The financial statements were approved by the Board of Directors on 15th December 2025 and were signed on its behalf by:

 

 

 

 

………………………………………………

A D Barley - Director

 

 

The notes form part of these financial statements

GB COMMODITIES LIMITED (REGISTERED NUMBER: 10144537)

 

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

 

1.     STATUTORY INFORMATION

GB Commodities 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.

 

Going concern

Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has positive cash balances, positive reserves and no significant long term liabilities. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

true

 

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 

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

Motor Vehicles - 25% on cost

 

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.

 

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

GB COMMODITIES LIMITED (REGISTERED NUMBER: 10144537)

 

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

 

2.     ACCOUNTING POLICIES – continued

 

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.

 

Debtors

Short term debtors are measured at transaction price, less any impairment.

 

Cash and equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with no significant risk of change in value.

 

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

 

Creditors

Short term creditors are measured at the transaction price.

 

Financial reporting standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

-

the requirements of Section 7 Statement of Cash Flows;

true

-

the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);

-

the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;

-

the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;

-

the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

-

the requirements of Section 33 Related Party Disclosures paragraph 33.7

 

3.     EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2).

GB COMMODITIES LIMITED (REGISTERED NUMBER: 10144537)

 

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

 

4.     TANGIBLE FIXED ASSETS

 

 

Plant and

Motor

 

 

machinery

Vehicles

Total

 

£

£

£

COST

 

 

 

At 1 May 2024

3,147

42,890

46,037

Additions

-

-

-

 

 

 

 

At 30 April 2025

3,147

42,890

46,037

 

 

 

 

DEPRECIATION

 

 

 

At 1 May 2024

3,147

10,723

13,870

Charge for year

-

10,722

10,722

 

 

 

 

At 30 April 2025

3,147

21,445

24,592

 

 

 

 

NET BOOK VALUE

 

 

 

At 30 April 2025

-

21,445

21,445

 

 

 

 

At 30 April 2024

-

32,167

32,167

 

5.     FIXED ASSET INVESTMENTS

 

 

Other

 

investments

 

£

COST

 

At 1 May 2024 and 30 April 2025

15,350

 

 

NET BOOK VALUE

 

At 30 April 2025

15,350

 

 

At 30 April 2024

15,350

 

6.     DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

 

 

2025

2024

 

£

£

 

 

 

Other debtors

18,871

34,233

 

 

 

 

18,871

34,233

 

GB COMMODITIES LIMITED (REGISTERED NUMBER: 10144537)

 

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

 

7.     CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

 

 

2025

2024

 

£

£

 

 

 

Bank loans and overdrafts (see note 9)

10,000

10,000

Corporation Tax

11,604

32,325

Social security and other taxes

6,011

25,753

Other creditors

45,317

39,677

Accruals and deferred income

-

-

 

 

 

 

72,932

107,755

 

8.     CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

 

 

2025

2024

 

£

£

 

 

 

Bank loans (see note 9)

833

10,833

 

9.     LOANS

 

An analysis of the maturity of loans is given below:

 

 

2025

2024

 

£

£

Amounts falling due within one year or on demand:

 

 

Bank loans

10,000

10,000

 

 

 

Amounts falling due between two and five years:

 

 

Bank loans - 2-5 years

833

20,833

 

10.     SECURED DEBTS

 

The following secured debts are included within creditors:

 

 

2025

2024

 

£

£

 

 

 

Bank loans

10,833

20,833

 

The bank loan is personally guaranteed by the shareholders of the company

 

11.     CALLED UP SHARE CAPITAL

 

Alloted, issued and fully paid:

 

 

 

 

 

 

Nominal

2025

2024

Number:

Class:

value:

£

£

 

 

 

 

 

100

Ordinary

0.10

10

10

GB COMMODITIES LIMITED (REGISTERED NUMBER: 10144537)

 

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

 

12.     RESERVES

 

 

Retained

 

earnings

 

£

 

 

At 1 May 2024

64,605

Profit for the year

37,414

Dividends

(94,500)

 

 

At 30 April 2025

7,519

 

13.     RELATED PARTY DISCLOSURES

 

During the year, total dividends of £36,000 (2024 - £55,000) were paid to the directors.

 

14.     ULTIMATE CONTROLLING PARTY

 

The directors consider there to be no ultimate controlling party.