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REGISTERED NUMBER: 05884747 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

GSI WEALTH MANAGEMENT LIMITED

GSI WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05884747)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


GSI WEALTH MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: P Mitchell
Mrs J L Mitchell





SECRETARY: Mrs J L Mitchell





REGISTERED OFFICE: 1 Churchill Court
Horton's Way
WESTERHAM
Kent
TN16 1BT





REGISTERED NUMBER: 05884747 (England and Wales)





ACCOUNTANTS: Wells Associates
10 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU

GSI WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05884747)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 205,373 192,534
Investments 5 (5,081 ) 24,748
200,292 217,282

CURRENT ASSETS
Debtors 6 62,550 22,814
Cash at bank 234,813 902,181
297,363 924,995
CREDITORS
Amounts falling due within one year 7 57,868 106,575
NET CURRENT ASSETS 239,495 818,420
TOTAL ASSETS LESS CURRENT
LIABILITIES

439,787

1,035,702

CREDITORS
Amounts falling due after more than one
year

8

(19,840

)

(29,815

)

PROVISIONS FOR LIABILITIES (8,587 ) (23,361 )
NET ASSETS 411,360 982,526

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 100 100
Retained earnings 411,160 982,326
SHAREHOLDERS' FUNDS 411,360 982,526

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

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 4 October 2023 and were signed on its behalf by:



P Mitchell - Director


GSI WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05884747)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

GSI Wealth Management 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
Revenue 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.
Long leasehold - 2% on cost
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.33% on cost

Property, plant and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses.

Assets held under hire purchase contracts and finance leases are depreciated in the same way as owned assets.

At each statement of financial position date, the company reviews the carrying amount of its property, plant and equipment to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
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.

GSI WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05884747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 July 2022 265,279 6,976 6,370
Additions - 22,858 -
At 30 June 2023 265,279 29,834 6,370
DEPRECIATION
At 1 July 2022 89,297 2,093 5,730
Charge for year 5,306 2,983 160
At 30 June 2023 94,603 5,076 5,890
NET BOOK VALUE
At 30 June 2023 170,676 24,758 480
At 30 June 2022 175,982 4,883 640

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022 13,220 39,621 331,466
Additions - 3,938 26,796
At 30 June 2023 13,220 43,559 358,262
DEPRECIATION
At 1 July 2022 7,643 34,169 138,932
Charge for year 1,394 4,114 13,957
At 30 June 2023 9,037 38,283 152,889
NET BOOK VALUE
At 30 June 2023 4,183 5,276 205,373
At 30 June 2022 5,577 5,452 192,534

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022 24,748
Additions 170,849
Disposals (200,678 )
At 30 June 2023 (5,081 )
NET BOOK VALUE
At 30 June 2023 (5,081 )
At 30 June 2022 24,748

GSI WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05884747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,190 925
Other debtors 61,360 21,889
62,550 22,814

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,048 9,848
Trade creditors 8,235 20,226
Taxation and social security 20,829 59,358
Other creditors 18,756 17,143
57,868 106,575

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 19,840 29,815

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
P Mitchell
Balance outstanding at start of year - -
Amounts advanced 24,818 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,818 -