Company Registration No. 11744670 (England and Wales)
GBS Procure Limited
Unaudited accounts
for the year ended 31 March 2026
GBS Procure Limited
Unaudited accounts
Contents
GBS Procure Limited
Company Information
for the year ended 31 March 2026
Directors
Mr Gary Brian Stephens
Mrs Faye Ann Stephens
Company Number
11744670 (England and Wales)
Registered Office
10 Blackthorn Road
Kenilworth
CV8 2DS
United Kingdom
Accountants
Virtue Accounting Limited
53 Warwick Street
Coventry
CV5 6ET
GBS Procure Limited
Statement of financial position
as at 31 March 2026
Cash at bank and in hand
22,573
50,916
Creditors: amounts falling due within one year
(30,583)
(32,424)
Net current assets
43,640
53,208
Total assets less current liabilities
44,327
55,025
Provisions for liabilities
Called up share capital
20
20
Profit and loss account
44,176
54,660
Shareholders' funds
44,196
54,680
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 April 2026 and were signed on its behalf by
Mr Gary Brian Stephens
Director
Company Registration No. 11744670
GBS Procure Limited
Notes to the Accounts
for the year ended 31 March 2026
GBS Procure Limited is a private company, limited by shares, registered in England and Wales, registration number 11744670. The registered office is 10 Blackthorn Road, Kenilworth, CV8 2DS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
33% straight line
GBS Procure Limited
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Total
Allotted, called up and fully paid:
20 Ordinary shares of £1 each
20
20
Movements on directors' loan accounts represent timing differences between amounts owed, and payments made, to directors in respect of expenses, remuneration and dividends. At the reporting date the amount owed by the company to Mr G B Stephens was £402, a movement of £300 from the £103 owed by the company at the beginning of the period. No interest is charged on balances and no guarantees have been provided by either the company or the directors.
7
Average number of employees
During the year the average number of employees was 7 (2025: 7).