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
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
GCR TECH LIMITED
Statement of financial position
as at 31 March 2022
Tangible assets
59,510
17,426
Inventories
118,458
52,991
Cash at bank and in hand
141,595
181,462
Creditors: amounts falling due within one year
(117,712)
(91,855)
Net current assets
375,723
274,172
Net assets
435,233
291,598
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
GCR TECH LIMITED
Notes to the Accounts
for the year ended 31 March 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
3 Years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortization.
4
Intangible fixed assets
Goodwill
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
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
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
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
51,325
16,921
Taxes and social security
33,886
8,249
Loans from directors
56,045
51,835
At the yearend the company owes to the director £56,045 (2021: £51,835)
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Average number of employees
During the year the average number of employees was 2 (2021: 2).