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REGISTERED NUMBER: 07009776










Unaudited Financial Statements

for the Year Ended 31 January 2023

for

G & T DOOR ACCESS SOLUTIONS LTD

G & T DOOR ACCESS SOLUTIONS LTD (REGISTERED NUMBER: 07009776)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


G & T DOOR ACCESS SOLUTIONS LTD

Company Information
for the Year Ended 31 January 2023







DIRECTORS: G P Magee
T Fern





REGISTERED OFFICE: Unit 14
Palmerston Business Park
Palmerston Drive
Fareham
Hampshire
PO14 1DJ





REGISTERED NUMBER: 07009776





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

G & T DOOR ACCESS SOLUTIONS LTD (REGISTERED NUMBER: 07009776)

Statement of Financial Position
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,898 13,484

CURRENT ASSETS
Stocks 38,250 41,500
Debtors 5 156,525 183,361
Cash at bank and in hand 29,029 49,916
223,804 274,777
CREDITORS
Amounts falling due within one year 6 163,902 200,310
NET CURRENT ASSETS 59,902 74,467
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,800

87,951

CREDITORS
Amounts falling due after more than one
year

7

67,685

-
NET ASSETS 51,115 87,951

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 50,015 86,851
SHAREHOLDERS' FUNDS 51,115 87,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

G & T DOOR ACCESS SOLUTIONS LTD (REGISTERED NUMBER: 07009776)

Statement of Financial Position - continued
31 January 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2023 and were signed on its behalf by:




T Fern - Director



G P Magee - Director


G & T DOOR ACCESS SOLUTIONS LTD (REGISTERED NUMBER: 07009776)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

G & T Door Access Solutions Ltd is a private company, limited by shares , registered in Not specified/Other. 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 - 25% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
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.

G & T DOOR ACCESS SOLUTIONS LTD (REGISTERED NUMBER: 07009776)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022 1,452 60,097 61,549
Additions 16,878 51,350 68,228
Disposals (1,452 ) (20,854 ) (22,306 )
At 31 January 2023 16,878 90,593 107,471
DEPRECIATION
At 1 February 2022 - 48,065 48,065
Charge for year 3,376 15,202 18,578
Eliminated on disposal - (18,070 ) (18,070 )
At 31 January 2023 3,376 45,197 48,573
NET BOOK VALUE
At 31 January 2023 13,502 45,396 58,898
At 31 January 2022 1,452 12,032 13,484

G & T DOOR ACCESS SOLUTIONS LTD (REGISTERED NUMBER: 07009776)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 February 2022 20,854
Additions 46,316
Disposals (20,854 )
At 31 January 2023 46,316
DEPRECIATION
At 1 February 2022 17,142
Charge for year 10,341
Eliminated on disposal (17,142 )
At 31 January 2023 10,341
NET BOOK VALUE
At 31 January 2023 35,975
At 31 January 2022 3,712

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 109,149 141,854
Other debtors 47,376 41,507
156,525 183,361

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Finance leases 12,040 -
Trade creditors 70,733 71,571
Taxation and social security 68,020 66,685
Other creditors 13,109 62,054
163,902 200,310

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 43,750 -
Finance leases 23,935 -
67,685 -

G & T DOOR ACCESS SOLUTIONS LTD (REGISTERED NUMBER: 07009776)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
T Fern
Balance outstanding at start of year 20,638 (335 )
Amounts advanced 23,966 20,973
Amounts repaid (23,865 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,739 20,638

G P Magee
Balance outstanding at start of year 18,115 (3,283 )
Amounts advanced 21,134 21,398
Amounts repaid (21,825 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,424 18,115

The Director's loans are repayable on demand.