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Registered number: 09568118
GNBL Group Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2025
Hub Accountants Limited
Chartered Accountants
Innovation House
Wincombe Lane
Shaftesbury
Dorset
SP7 8FG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 09568118
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 1,791
Tangible Assets 5 1,322,132 962,682
1,322,132 964,473
CURRENT ASSETS
Stocks 6 29,710 -
Debtors 7 1,717,505 910,680
Cash at bank and in hand 262,064 186,721
2,009,279 1,097,401
Creditors: Amounts Falling Due Within One Year 8 (1,743,166 ) (794,133 )
NET CURRENT ASSETS (LIABILITIES) 266,113 303,268
TOTAL ASSETS LESS CURRENT LIABILITIES 1,588,245 1,267,741
Creditors: Amounts Falling Due After More Than One Year 9 (472,081 ) (357,781 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (266,685 ) (180,475 )
NET ASSETS 849,479 729,485
CAPITAL AND RESERVES
Called up share capital 11 10 10
Profit and Loss Account 849,469 729,475
SHAREHOLDERS' FUNDS 849,479 729,485
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For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stefan Shopov
Director
8th January 2026
The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GNBL Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09568118 . The registered office is Unit 13 West Melbury, Melbury, Shaftesbury, Dorset, SP7 0AF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Research and Development
Expenditure on software development is being amortised over a period of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 50 Years straight line
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 3 Years straight line
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2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Intangible Assets
Development Costs
£
Cost
As at 1 May 2024 8,954
As at 30 April 2025 8,954
Amortisation
As at 1 May 2024 7,163
Provided during the period 1,791
As at 30 April 2025 8,954
Net Book Value
As at 30 April 2025 -
As at 1 May 2024 1,791
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 May 2024 - 653,020 717,338 1,504
Additions 27,016 564,331 247,552 660
Disposals - - (74,995 ) -
As at 30 April 2025 27,016 1,217,351 889,895 2,164
Depreciation
As at 1 May 2024 - 231,438 179,379 869
Provided during the period 540 246,478 184,465 324
Disposals - - (27,342 ) -
As at 30 April 2025 540 477,916 336,502 1,193
Net Book Value
As at 30 April 2025 26,476 739,435 553,393 971
As at 1 May 2024 - 421,582 537,959 635
Page 5
Page 6
Computer Equipment Total
£ £
Cost
As at 1 May 2024 9,749 1,381,611
Additions 906 840,465
Disposals (5,991 ) (80,986 )
As at 30 April 2025 4,664 2,141,090
Depreciation
As at 1 May 2024 7,243 418,929
Provided during the period 1,555 433,362
Disposals (5,991 ) (33,333 )
As at 30 April 2025 2,807 818,958
Net Book Value
As at 30 April 2025 1,857 1,322,132
As at 1 May 2024 2,506 962,682
6. Stocks
2025 2024
£ £
Stock 29,710 -
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,482,190 788,468
Prepayments and accrued income 51,274 36,736
Other debtors 38,863 -
VAT 143,069 83,467
Amounts owed by associates 2,109 2,009
1,717,505 910,680
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 256,930 136,348
Trade creditors 529,180 155,315
Bank loans and overdrafts 10,000 10,000
Corporation tax 182,032 102,779
Other taxes and social security 91,006 125,180
Other creditors 9,998 9,395
Other funding loan 259,735 31,199
Accruals and deferred income 357,271 59,756
Director's loan account 487 404
Amounts owed to associates 46,527 163,757
1,743,166 794,133
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 369,034 273,741
Bank loans 1,663 11,663
Other long term funding 101,384 72,377
472,081 357,781
10. Secured Creditors
Hire purchase creditors are secured on the assets to which they relate.
Other creditors are secured by a personal guarantee given by the director.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 625,964 410,089
Other Creditors 361,119 103,575
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
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12. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 487,000 204,800
13. Related Party Transactions
At the year end owed £46,527 (2024: £46,527) to GNBL S.R.L, a partly owned subsidiary.
At the year the company was owed £2,009 (2024: £2,009) by GNBL GmbH.
The company traded with GNBL Bulgaria, a company in which the director has an interest. In the year it purchased goods and services amounting to £4,113,435 (2024: £2,293,150) and at the year end it owed £Nil (2024: £117,229).
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