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Registered number: 09517375

GFR TECH LTD

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
Martin & Fahy Accountants LLP
7 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP

GFR TECH LTD

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
G F RANDOLPH
REGISTERED OFFICE
5 MILBANKE COURT
MILBANKE WAY
BRACKNELL
BERKSHIRE
RG12 1RP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09517375
ACCOUNTANTS
Martin & Fahy Accountants LLP
7 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP

GFR TECH LTD

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3403,6538,321
CURRENT ASSETS
Stock10,33810,084
Debtors5129,132129,547
Cash at bank and in hand161,317215,829
300,787355,460
CREDITORS: Amounts falling due within one year6255,260146,809
NET CURRENT ASSETS45,527208,651
TOTAL ASSETS LESS CURRENT LIABILITIES449,180216,972
CREDITORS: Amounts falling due after more than one year7150,00036,206
NET ASSETS299,180180,766
CAPITAL AND RESERVES
Called up share capital8200200
Profit and loss account298,980180,566
SHAREHOLDERS' FUNDS299,180180,766
For the year ending 31/03/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30/10/2023 and signed on their behalf by
.............................
G F RANDOLPH
Director

GFR TECH LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 2%
Fixtures and Fittingsstraight line 25%
Equipmentstraight line 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees55

GFR TECH LTD

3. TANGIBLE FIXED ASSETS
Land AndFixtures
Buildingsand FittingsEquipmentMotor CarsTotal
£££££
Cost
At 01/04/2022-3,5204,32917,95125,800
Additions363,00733,26819,115-415,390
At 31/03/2023363,00736,78823,44417,951441,190
Depreciation
At 01/04/2022-3,5203,58110,37817,479
For the year4,8208,3175,0281,89320,058
At 31/03/20234,82011,8378,60912,27137,537
Net Book Amounts
At 31/03/2023358,18724,95114,8355,680403,653
At 31/03/2022--7487,5738,321
4. STOCK 20232022
££
Stock comprises:
Stock10,33810,084
10,33810,084
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors72,312129,265
VAT56,820-
Other debtors-282
129,132129,547

GFR TECH LTD

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax21,21422,024
VAT-28,586
PAYE control5,5434,725
Directors current account29,718-
Loans50,00010,648
Trade creditors93,24540,546
Other creditors-14,151
Accruals51,83726,129
Deferred income3,703-
255,260146,809
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Loans >1yr150,00036,206
150,00036,206
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
200 Ordinary shares of £1 each200200
200200