Company Registration No. 12065876 (England and Wales)
GIETO GROUP LTD
Filleted Accounts
for the year ended 30 June 2023
GIETO GROUP LTD
Filleted Accounts
Contents
GIETO GROUP LTD
Company Information
for the year ended 30 June 2023
Company Number
12065876 (England and Wales)
Registered Office
2 Provident Place
Empson Road
Peterborough
PE1 5UU
GIETO GROUP LTD
Statement of financial position
as at 30 June 2023
Tangible assets
2,455
3,575
Inventories
35,630
181,692
Cash at bank and in hand
519,383
49,141
Creditors: amounts falling due within one year
(469,807)
(248,167)
Net current assets
85,888
56,566
Total assets less current liabilities
88,343
60,141
Creditors: amounts falling due after more than one year
(27,082)
(37,954)
Called up share capital
(1)
(1)
Profit and loss account
61,262
22,188
Shareholders' funds
61,261
22,187
For the year ending 30 June 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 6 November 2023 and were signed on its behalf by
Giedrius Zdramys
Director
Company Registration No. 12065876
GIETO GROUP LTD
Notes to the Accounts
for the year ended 30 June 2023
GIETO GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 12065876. The registered office is 2 Provident Place, Empson Road, Peterborough, PE1 5UU.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
4,515
1,083
5,598
At 30 June 2023
4,515
1,083
5,598
At 1 July 2022
1,806
217
2,023
Charge for the year
903
217
1,120
At 30 June 2023
2,709
434
3,143
At 30 June 2023
1,806
649
2,455
At 30 June 2022
2,709
866
3,575
Amounts falling due within one year
GIETO GROUP LTD
Notes to the Accounts
for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
267,820
84,035
Taxes and social security
9,469
2,300
Loans from directors
91,712
100,016
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 4).