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REGISTERED NUMBER: 06817307 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

FOR

GTCI LIMITED

GTCI LIMITED (REGISTERED NUMBER: 06817307)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GTCI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2018







DIRECTORS: Mrs W T Turner
Mr G C Turner
Mr N Turner-Goldsmith





REGISTERED OFFICE: 139-141 Watling Street
Gillingham
Kent
ME7 2YY





REGISTERED NUMBER: 06817307 (England and Wales)





ACCOUNTANTS: Stephen Hill Partnership Limited
139-141 Watling Street
Gillingham
Kent
ME7 2YY

GTCI LIMITED (REGISTERED NUMBER: 06817307)

BALANCE SHEET
30 JUNE 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 155,833 183,333
Tangible assets 5 112,889 101,346
268,722 284,679

CURRENT ASSETS
Stocks 133,509 212,048
Debtors 6 558,047 462,657
Cash at bank and in hand 211,279 40,549
902,835 715,254
CREDITORS
Amounts falling due within one year 7 844,022 779,516
NET CURRENT ASSETS/(LIABILITIES) 58,813 (64,262 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

327,535

220,417

CREDITORS
Amounts falling due after more than one
year

8

(54,114

)

(48,008

)

PROVISIONS FOR LIABILITIES (21,449 ) (20,269 )
NET ASSETS 251,972 152,140

CAPITAL AND RESERVES
Called up share capital 117 104
Retained earnings 251,855 152,036
SHAREHOLDERS' FUNDS 251,972 152,140

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GTCI LIMITED (REGISTERED NUMBER: 06817307)

BALANCE SHEET - continued
30 JUNE 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 October 2018 and were signed on its behalf by:




Mr G C Turner - Director Mrs W T Turner - Director




Mr N Turner-Goldsmith - Director


GTCI LIMITED (REGISTERED NUMBER: 06817307)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018

1. STATUTORY INFORMATION

GTCI 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

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

GTCI LIMITED (REGISTERED NUMBER: 06817307)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

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 16 (2017 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2017
and 30 June 2018 275,000
AMORTISATION
At 1 July 2017 91,667
Charge for year 27,500
At 30 June 2018 119,167
NET BOOK VALUE
At 30 June 2018 155,833
At 30 June 2017 183,333

GTCI LIMITED (REGISTERED NUMBER: 06817307)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2017 322 10,614 155,276 166,212
Additions 572 2,520 68,115 71,207
Disposals - - (33,961 ) (33,961 )
At 30 June 2018 894 13,134 189,430 203,458
DEPRECIATION
At 1 July 2017 161 4,845 59,860 64,866
Charge for year 52 1,693 34,190 35,935
Eliminated on disposal - - (10,232 ) (10,232 )
At 30 June 2018 213 6,538 83,818 90,569
NET BOOK VALUE
At 30 June 2018 681 6,596 105,612 112,889
At 30 June 2017 161 5,769 95,416 101,346

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 68,115
At 30 June 2018 68,115
DEPRECIATION
Charge for year 4,490
At 30 June 2018 4,490
NET BOOK VALUE
At 30 June 2018 63,625

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 545,852 462,657
Other debtors 12,195 -
558,047 462,657

GTCI LIMITED (REGISTERED NUMBER: 06817307)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 43,161 20,964
Trade creditors 509,050 373,111
Taxation and social security 126,627 86,569
Other creditors 165,184 298,872
844,022 779,516

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Hire purchase contracts 54,114 48,008

9. ULTIMATE CONTROLLING PARTY

The company's share capital was 100% owned by Mr G C Turner, Mrs W T Turner and Mr N Turner-Goldsmith,
who were directors for the entire period under review.