IRIS Accounts Production v22.1.4.3 03301417 Board of Directors 1.2.21 31.1.22 31.1.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure033014172021-01-31033014172022-01-31033014172021-02-012022-01-31033014172020-01-31033014172020-02-012021-01-31033014172021-01-3103301417ns16:EnglandWales2021-02-012022-01-3103301417ns15:PoundSterling2021-02-012022-01-3103301417ns11:Director12021-02-012022-01-3103301417ns11:PrivateLimitedCompanyLtd2021-02-012022-01-3103301417ns11:SmallEntities2021-02-012022-01-3103301417ns11:AuditExempt-NoAccountantsReport2021-02-012022-01-3103301417ns11:SmallCompaniesRegimeForDirectorsReport2021-02-012022-01-3103301417ns11:SmallCompaniesRegimeForAccounts2021-02-012022-01-3103301417ns11:FullAccounts2021-02-012022-01-3103301417ns11:Director22021-02-012022-01-3103301417ns11:CompanySecretary12021-02-012022-01-3103301417ns11:RegisteredOffice2021-02-012022-01-3103301417ns6:CurrentFinancialInstruments2022-01-3103301417ns6:CurrentFinancialInstruments2021-01-3103301417ns6:Non-currentFinancialInstruments2022-01-3103301417ns6:Non-currentFinancialInstruments2021-01-3103301417ns6:ShareCapital2022-01-3103301417ns6:ShareCapital2021-01-3103301417ns6:RetainedEarningsAccumulatedLosses2022-01-3103301417ns6:RetainedEarningsAccumulatedLosses2021-01-3103301417ns6:OwnedOrFreeholdAssetsns6:LandBuildings2021-02-012022-01-3103301417ns6:LeaseholdImprovements2021-02-012022-01-3103301417ns6:PlantMachinery2021-02-012022-01-3103301417ns6:FurnitureFittings2021-02-012022-01-3103301417ns6:MotorVehicles2021-02-012022-01-3103301417ns6:ComputerEquipment2021-02-012022-01-3103301417ns6:LandBuildings2021-01-3103301417ns6:LeaseholdImprovements2021-01-3103301417ns6:PlantMachinery2021-01-3103301417ns6:LandBuildings2021-02-012022-01-3103301417ns6:LandBuildings2022-01-3103301417ns6:LeaseholdImprovements2022-01-3103301417ns6:PlantMachinery2022-01-3103301417ns6:LandBuildings2021-01-3103301417ns6:LeaseholdImprovements2021-01-3103301417ns6:PlantMachinery2021-01-3103301417ns6:FurnitureFittings2021-01-3103301417ns6:MotorVehicles2021-01-3103301417ns6:ComputerEquipment2021-01-3103301417ns6:FurnitureFittings2022-01-3103301417ns6:MotorVehicles2022-01-3103301417ns6:ComputerEquipment2022-01-3103301417ns6:FurnitureFittings2021-01-3103301417ns6:MotorVehicles2021-01-3103301417ns6:ComputerEquipment2021-01-3103301417ns6:CostValuation2021-01-3103301417ns6:WithinOneYearns6:CurrentFinancialInstruments2022-01-3103301417ns6:WithinOneYearns6:CurrentFinancialInstruments2021-01-3103301417ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-01-3103301417ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2021-01-31
REGISTERED NUMBER: 03301417 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2022

for

GTS Maintenance Limited

GTS Maintenance Limited (Registered number: 03301417)






Contents of the Financial Statements
for the Year Ended 31 January 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GTS Maintenance Limited

Company Information
for the Year Ended 31 January 2022







DIRECTORS: S R Green
R Green





SECRETARY: A Buckley





REGISTERED OFFICE: Suite 4
164 - 170 Queens Road
Sheffield
South Yorkshire
S2 4DH





REGISTERED NUMBER: 03301417 (England and Wales)





ACCOUNTANTS: Hawson Jefferies
Suite 4
164-170 Queens Road
Sheffield
South Yorkshire
S2 4DH

GTS Maintenance Limited (Registered number: 03301417)

Balance Sheet
31 January 2022

31.1.22 31.1.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,333,866 1,170,017
Investments 5 16,549 16,549
1,350,415 1,186,566

CURRENT ASSETS
Stocks 6 108,000 8,000
Debtors 7 3,513,008 3,380,471
Cash at bank 793,760 804,806
4,414,768 4,193,277
CREDITORS
Amounts falling due within one year 8 1,298,958 1,673,271
NET CURRENT ASSETS 3,115,810 2,520,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,466,225

3,706,572

CREDITORS
Amounts falling due after more than one
year

9

(377,343

)

(400,000

)

PROVISIONS FOR LIABILITIES (102,883 ) (58,064 )
NET ASSETS 3,985,999 3,248,508

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 3,985,995 3,248,504
SHAREHOLDERS' FUNDS 3,985,999 3,248,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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.

GTS Maintenance Limited (Registered number: 03301417)

Balance Sheet - continued
31 January 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2022 and were signed on its behalf by:





S R Green - Director


GTS Maintenance Limited (Registered number: 03301417)

Notes to the Financial Statements
for the Year Ended 31 January 2022

1. STATUTORY INFORMATION

GTS Maintenance 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, 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.
Land & Buildings - Straight line over 20 years
Improvements to property - Straight line over 50 years
Plant and machinery - 15% on reducing balance
Fixtures & equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 24 (2021 - 21 ) .

GTS Maintenance Limited (Registered number: 03301417)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

4. TANGIBLE FIXED ASSETS
Improvements
Land & to Plant and
Buildings property machinery
£    £    £   
COST
At 1 February 2021 727,719 68,078 611,356
Additions - - 301,694
Disposals - - -
At 31 January 2022 727,719 68,078 913,050
DEPRECIATION
At 1 February 2021 97,030 6,513 293,920
Charge for year 48,515 1,389 92,872
Eliminated on disposal - - -
At 31 January 2022 145,545 7,902 386,792
NET BOOK VALUE
At 31 January 2022 582,174 60,176 526,258
At 31 January 2021 630,689 61,565 317,436

Fixtures Motor Computer
& equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2021 58,156 324,120 60,258 1,849,687
Additions - 56,610 7,060 365,364
Disposals - (20,000 ) - (20,000 )
At 31 January 2022 58,156 360,730 67,318 2,195,051
DEPRECIATION
At 1 February 2021 35,213 195,383 51,611 679,670
Charge for year 3,440 45,076 5,172 196,464
Eliminated on disposal - (14,949 ) - (14,949 )
At 31 January 2022 38,653 225,510 56,783 861,185
NET BOOK VALUE
At 31 January 2022 19,503 135,220 10,535 1,333,866
At 31 January 2021 22,943 128,737 8,647 1,170,017

GTS Maintenance Limited (Registered number: 03301417)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2021
and 31 January 2022 16,549
NET BOOK VALUE
At 31 January 2022 16,549
At 31 January 2021 16,549

6. STOCKS
31.1.22 31.1.21
£    £   
Stocks 8,000 8,000
Payments on account 100,000 -
108,000 8,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Trade debtors 1,555,582 1,687,105
GTS Nitrogen Limited 553,189 539,376
GTS Maintenance Services Ltd 1,070,826 1,070,826
Directors' current accounts - 40,251
Accrued income 275,766 -
Prepayments 57,645 42,913
3,513,008 3,380,471

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Hire purchase contracts 123,778 155,377
Trade creditors 874,285 1,198,932
Corporation tax 51,611 57,798
Social security and other taxes 29,346 23,516
VAT 205,918 199,118
Directors' current accounts 304 -
Accrued expenses 13,716 38,530
1,298,958 1,673,271

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.22 31.1.21
£    £   
Bank loans - 1-2 years 377,343 400,000