GT BANGOR LIMITED

Company Registration Number:
NI610058 (Northern Ireland)

Unaudited abridged accounts for the year ended 29 January 2023

Period of accounts

Start date: 30 January 2022

End date: 29 January 2023

GT BANGOR LIMITED

Contents of the Financial Statements

for the Period Ended 29 January 2023

Balance sheet
Notes

GT BANGOR LIMITED

Balance sheet

As at 29 January 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 149,504 101,162
Total fixed assets: 149,504 101,162
Current assets
Stocks: 16,417 5,990
Debtors:   160,275 107,561
Cash at bank and in hand: 123,897 308,554
Total current assets: 300,589 422,105
Creditors: amounts falling due within one year:   (209,547) (342,010)
Net current assets (liabilities): 91,042 80,095
Total assets less current liabilities: 240,546 181,257
Creditors: amounts falling due after more than one year:   (23,307) (31,509)
Total net assets (liabilities): 217,239 149,748
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 217,238 149,747
Shareholders funds: 217,239 149,748

The notes form part of these financial statements

GT BANGOR LIMITED

Balance sheet statements

For the year ending 29 January 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 October 2023
and signed on behalf of the board by:

Name: Jonathan Gedge
Status: Director

The notes form part of these financial statements

GT BANGOR LIMITED

Notes to the Financial Statements

for the Period Ended 29 January 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:Fixtures, fittings and equipment - 15% straight lineMotor Vehicles - 25% reducing balanceThe carrying value of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

GT BANGOR LIMITED

Notes to the Financial Statements

for the Period Ended 29 January 2023

2. Employees

2023 2022
Average number of employees during the period 19 21

GT BANGOR LIMITED

Notes to the Financial Statements

for the Period Ended 29 January 2023

3. Tangible Assets

Total
Cost £
At 30 January 2022 258,613
Additions 88,183
At 29 January 2023 346,796
Depreciation
At 30 January 2022 157,451
Charge for year 39,841
At 29 January 2023 197,292
Net book value
At 29 January 2023 149,504
At 29 January 2022 101,162