GMB Courier Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08837668 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2020

for

GMB Courier Services Ltd

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr G M Boon

REGISTERED OFFICE:

1 Daymon Street

Peterborough

PE2 9RW

REGISTERED NUMBER:

08837668 (England and Wales)

ACCOUNTANTS:

Steve Pye & Co

Chartered Certified Accountants

11 Thorpe Road

Peterborough

Cambridgeshire

PE3 6AB

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GMB Courier Services Ltd for the year ended 31 January 2020 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of GMB Courier Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GMB Courier Services Ltd and state those matters that we have agreed to state to the director of GMB Courier Services Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that GMB Courier Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GMB Courier Services Ltd. You consider that GMB Courier Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GMB Courier Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Steve Pye & Co

Chartered Certified Accountants

11 Thorpe Road

Peterborough

Cambridgeshire

PE3 6AB

15 December 2020

FIXED ASSETS

Tangible assets

5

2,288

2,734

CURRENT ASSETS

Debtors

6

1,443

1,447

Cash at bank

1,001

621

2,444

2,068

CREDITORS

Amounts falling due within one year

7

4,267

4,723

NET CURRENT LIABILITIES

(1,823

)

(2,655

)

TOTAL ASSETS LESS CURRENT LIABILITIES

465

79

PROVISIONS FOR LIABILITIES

435

-

NET ASSETS

30

79

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

29

78

30

79

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 December 2020 and were signed by:

Mr G M Boon - Director

1.	STATUTORY INFORMATION

GMB Courier Services Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

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 etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Deferred tax

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

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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2019

11,520

Additions

316

At 31 January 2020

11,836

DEPRECIATION

At 1 February 2019

8,786

Charge for year

762

At 31 January 2020

9,548

NET BOOK VALUE

At 31 January 2020

2,288

At 31 January 2019

2,734

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

1,443

1,447

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

159

1,609

Taxation and social security

2,848

1,776

Other creditors

1,260

1,338

4,267

4,723

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2020 and 31 January 2019:

2020

2019

£

£

Mr G M Boon and Mr G M Boon

Balance outstanding at start of year

1,477

-

Amounts advanced

12,684

1,477

Amounts repaid

(12,718

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,443

1,477

Loans to directors are repayable on demand and subject to interest per HMRC official rates.