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REGISTERED NUMBER: 02784136 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

G.I.A. Limited

G.I.A. Limited (Registered number: 02784136)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G.I.A. Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: G B Cook





REGISTERED OFFICE: 3 Foxoak Park
Common Road
Dunnington
York
YO19 5RZ





REGISTERED NUMBER: 02784136 (England and Wales)





ACCOUNTANTS: Beacon Accountants Ltd
Fairway View
24 Gus Walker Drive
Pocklington
York
YO42 2WA

G.I.A. Limited (Registered number: 02784136)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,183 70,733

CURRENT ASSETS
Debtors 5 192,087 77,510
Cash at bank and in hand 244,783 272,089
436,870 349,599
CREDITORS
Amounts falling due within one year 6 130,323 92,055
NET CURRENT ASSETS 306,547 257,544
TOTAL ASSETS LESS CURRENT
LIABILITIES

401,730

328,277

PROVISIONS FOR LIABILITIES 17,534 -
NET ASSETS 384,196 328,277

CAPITAL AND RESERVES
Called up share capital 245 245
Capital redemption reserve 755 755
Retained earnings 383,196 327,277
384,196 328,277

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 2 October 2023 and were signed by:



G B Cook - Director


G.I.A. Limited (Registered number: 02784136)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

G.I.A. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on cost and 10% on cost

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.

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.

G.I.A. Limited (Registered number: 02784136)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 354,949
Additions 42,840
At 30 April 2023 397,789
DEPRECIATION
At 1 May 2022 284,216
Charge for year 18,390
At 30 April 2023 302,606
NET BOOK VALUE
At 30 April 2023 95,183
At 30 April 2022 70,733

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 75,830
DEPRECIATION
At 1 May 2022
and 30 April 2023 121,328
NET BOOK VALUE
At 30 April 2023 (45,498 )
At 30 April 2022 (45,498 )

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 73,424 63,631
Other debtors 118,663 13,879
192,087 77,510

G.I.A. Limited (Registered number: 02784136)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 850 2,629
Trade creditors 34,320 16,130
Taxation and social security 85,765 63,412
Other creditors 9,388 9,884
130,323 92,055

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
£    £   
G B Cook
Balance outstanding at start of year (851 ) -
Amounts advanced 102,452 -
Amounts repaid (1,050 ) (851 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 100,551 (851 )