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Company Registration No. 07407027 (England and Wales)
GCR TECH LIMITED Unaudited accounts for the year ended 31 March 2022
GCR TECH LIMITED Unaudited accounts Contents
Page
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GCR TECH LIMITED Company Information for the year ended 31 March 2022
Directors
Mr David Robert Boyce Mr Gurcharan Singh Chana
Company Number
07407027 (England and Wales)
Registered Office
Unit 14 Home Farm Lockerley Romsey Hampshire SO51 0JT
Accountants
Power Accountax Limited Seafarers Court 12-14 Queens Terrace Southampton SO14 3SG
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GCR TECH LIMITED Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
59,510 
17,426 
Current assets
Inventories
118,458 
52,991 
Debtors
233,382 
131,574 
Cash at bank and in hand
141,595 
181,462 
493,435 
366,027 
Creditors: amounts falling due within one year
(117,712)
(91,855)
Net current assets
375,723 
274,172 
Net assets
435,233 
291,598 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
435,133 
291,498 
Shareholders' funds
435,233 
291,598 
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 June 2022 and were signed on its behalf by
Mr Gurcharan Singh Chana Director Company Registration No. 07407027
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GCR TECH LIMITED Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
GCR TECH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07407027. The registered office is Unit 14 Home Farm, Lockerley, Romsey, Hampshire, SO51 0JT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2020. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 Years
Fixtures & fittings
3 Years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortization.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2021
100,000 
At 31 March 2022
100,000 
Amortisation
At 1 April 2021
100,000 
At 31 March 2022
100,000 
Net book value
At 31 March 2022
- 
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GCR TECH LIMITED Notes to the Accounts for the year ended 31 March 2022
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2021
25,085 
10,833 
35,918 
Additions
75,230 
1,335 
76,565 
At 31 March 2022
100,315 
12,168 
112,483 
Depreciation
At 1 April 2021
9,257 
9,235 
18,492 
Charge for the year
32,957 
1,524 
34,481 
At 31 March 2022
42,214 
10,759 
52,973 
Net book value
At 31 March 2022
58,101 
1,409 
59,510 
At 31 March 2021
15,828 
1,598 
17,426 
6
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
232,837 
131,574 
Other debtors
545 
- 
233,382 
131,574 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
(23,544)
- 
Trade creditors
51,325 
16,921 
Taxes and social security
33,886 
8,249 
Loans from directors
56,045 
51,835 
Accruals
- 
14,850 
117,712 
91,855 
8
Loans to directors
At the yearend the company owes to the director £56,045 (2021: £51,835)
9
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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