GB Finance Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04816360

GB Finance Services Limited

Filleted Unaudited Financial Statements

31 October 2025

GB Finance Services Limited

Statement of Financial Position

31 October 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		56,628	22,504

Current assets

Stocks		285,605	315,340
Debtors	6	1,048	–
Cash at bank and in hand		12,018	11,408
		---------	---------
		298,671	326,748

Creditors: amounts falling due within one year	7	182,068		186,318
		---------		---------
Net current assets			116,603	140,430
			---------	---------
Total assets less current liabilities			173,231	162,934

Creditors: amounts falling due after more than one year	8		–	5,833

Provisions

Taxation including deferred tax	10,759	4,276
	---------	---------
Net assets	162,472	152,825
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	162,372	152,725
	---------	---------
Shareholders funds	162,472	152,825
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

GB Finance Services Limited

Statement of Financial Position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 30 October 2026 , and are signed on behalf of the board by:

Mr T G Lightfoot	Mrs T G Lightfoot
Director	Director

Company registration number: 04816360

GB Finance Services Limited

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1 Telford House, Warwick Road, Carlisle, Cumbria, CA1 2BT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Computer equipment	-	33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 6 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Computer equipment	Total
	£	£	£	£
Cost
At 1 November 2024	5,694	50,500	1,964	58,158
Additions	–	53,656	–	53,656
	-------	---------	-------	---------
At 31 October 2025	5,694	104,156	1,964	111,814
	-------	---------	-------	---------
Depreciation
At 1 November 2024	5,150	29,195	1,309	35,654
Charge for the year	136	18,741	655	19,532
	-------	---------	-------	---------
At 31 October 2025	5,286	47,936	1,964	55,186
	-------	---------	-------	---------
Carrying amount
At 31 October 2025	408	56,220	–	56,628
	-------	---------	-------	---------
At 31 October 2024	544	21,305	655	22,504
	-------	---------	-------	---------

6. Debtors

	2025	2024
	£	£
Other debtors	1,048	–
	-------	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,833	10,000
Trade creditors	7,994	535
Corporation tax	–	2,160
Social security and other taxes	4,431	21,151
Other creditors	163,810	152,472
	---------	---------
	182,068	186,318
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	5,833
	----	-------

9. Related party transactions

The company was under the control of Mr T G Lightfoot & Mrs T G Lightfoot throughout the current and previous year. Mr & Mrs Lightfoot are the only directors and collectively hold all of the issued share capital. During the year dividends of £ 12,048 (2024 - £2,000) were paid to Mr & Mrs Lightfoot. On the balance sheet date the company owed Mr & Mrs Lightfoot £ 162,410 (2024 - £151,072) and this is included in Other creditors.