GB Cooker Spares (2012) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 08016574 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

FOR

GB COOKER SPARES (2012) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G Brooks

REGISTERED OFFICE:

Unit 2-3

Chelworth Industrial Estate

Cricklade

Swindon

Wiltshire

SN6 6HQ

REGISTERED NUMBER:

08016574 (England and Wales)

ACCOUNTANTS:

Haines Watts Cirencester Limited

Old Station House

Station Approach

Newport Street

Swindon

Wiltshire

SN1 3DU

FIXED ASSETS

Tangible assets

4

988

2,060

CURRENT ASSETS

Stocks

424,000

387,000

Debtors

5

513,224

388,210

Cash at bank and in hand

189,369

242,676

1,126,593

1,017,886

CREDITORS

Amounts falling due within one year

6

121,704

196,919

NET CURRENT ASSETS

1,004,889

820,967

TOTAL ASSETS LESS CURRENT LIABILITIES

1,005,877

823,027

CREDITORS

Amounts falling due after more than one year

7

-

(958

)

PROVISIONS FOR LIABILITIES

(157

)

-

NET ASSETS

1,005,720

822,069

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,005,719

822,068

1,005,720

822,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 23 January 2023 and were signed by:

Mr G Brooks - Director

1.	STATUTORY INFORMATION

GB Cooker Spares (2012) 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.

Turnover

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.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

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% straight line basis

Fixtures and fittings

- 25% straight line basis

Motor vehicles

- 25% straight line basis

Office equipment

- 25% straight line basis

Office equipment leased

- over the period of the lease

Stocks & work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Costs include all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

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.

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 statement of financial position date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2021

and 30 April 2022

63,669

DEPRECIATION

At 1 May 2021

61,609

Charge for year

1,072

At 30 April 2022

62,681

NET BOOK VALUE

At 30 April 2022

988

At 30 April 2021

2,060

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/22

30/4/21

£

£

Trade debtors

22,957

35,556

Other debtors

490,267

352,654

513,224

388,210

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/22

30/4/21

£

£

Finance leases

764

764

Trade creditors

50,275

103,146

Taxation and social security

55,676

77,454

Other creditors

14,989

15,555

121,704

196,919

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/4/22

30/4/21

£

£

Finance leases

-

958

8.	SECURED DEBTS

The following secured debts are included within creditors:

30/4/22

30/4/21

£

£

Finance lease

764

1,722

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2022 and 30 April 2021:

30/4/22

30/4/21

£

£

Mr G Brooks

Balance outstanding at start of year

-

-

Amounts advanced

(100,213

)

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(100,213

)

-