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Company Registration No. 4518636 (England and Wales)
G T Satellites Ltd Unaudited accounts for the year ended 31 August 2023
G T Satellites Ltd Unaudited accounts Contents
Page
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G T Satellites Ltd Company Information for the year ended 31 August 2023
Director
G D Thomas
Company Number
4518636 (England and Wales)
Registered Office
42 GLANYMOR PARK DRIVE GLANYMOR PARK SWANSEA GLAMORGAN SA4 6UQ United Kingdom
Accountants
J L Taxation Services Ltd 42 Glanymor Park Drive Loughor Swansea SA4 6UQ
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G T Satellites Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,927 
13,237 
Current assets
Inventories
300 
300 
Debtors
1,446 
546 
Cash at bank and in hand
7,525 
8,462 
9,271 
9,308 
Creditors: amounts falling due within one year
(13,311)
(12,823)
Net current liabilities
(4,040)
(3,515)
Net assets
5,887 
9,722 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
5,886 
9,721 
Shareholders' funds
5,887 
9,722 
For the year ending 31 August 2023 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 director acknowledges his 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 and authorised for issue on 3 October 2023 and were signed on its behalf by
G D Thomas Director Company Registration No. 4518636
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G T Satellites Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
G T Satellites Ltd is a private company, limited by shares, registered in England and Wales, registration number 4518636. The registered office is 42 GLANYMOR PARK DRIVE, GLANYMOR PARK, SWANSEA, GLAMORGAN, SA4 6UQ, United Kingdom.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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
25% on decreasing balances
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2022
33,132 
At 31 August 2023
33,132 
Depreciation
At 1 September 2022
19,895 
Charge for the year
3,310 
At 31 August 2023
23,205 
Net book value
At 31 August 2023
9,927 
At 31 August 2022
13,237 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
810 
- 
Accrued income and prepayments
636 
546 
1,446 
546 
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G T Satellites Ltd Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
675 
650 
Taxes and social security
1,284 
833 
Loans from directors
11,352 
11,340 
13,311 
12,823 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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