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REGISTERED NUMBER: 04325558 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

GIS COORDINATED LTD

GIS COORDINATED LTD (REGISTERED NUMBER: 04325558)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GIS COORDINATED LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr DH Cubin
Mrs KL Cubin





SECRETARY: Mrs KL Cubin





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU





REGISTERED NUMBER: 04325558 (England and Wales)

GIS COORDINATED LTD (REGISTERED NUMBER: 04325558)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,890 5,007
2,890 5,007

CURRENT ASSETS
Debtors 6 26,247 52,533
Cash at bank 7,216 11,029
33,463 63,562
CREDITORS
Amounts falling due within one year 7 27,975 39,279
NET CURRENT ASSETS 5,488 24,283
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,378

29,290

CREDITORS
Amounts falling due after more than one
year

8

(6,781

)

(18,800

)

PROVISIONS FOR LIABILITIES (549 ) (951 )
NET ASSETS 1,048 9,539

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 948 9,439
SHAREHOLDERS' FUNDS 1,048 9,539

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

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

GIS COORDINATED LTD (REGISTERED NUMBER: 04325558)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:





Mr DH Cubin - Director


GIS COORDINATED LTD (REGISTERED NUMBER: 04325558)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

GiS Coordinated Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 comprises the fair value of the sale of services, excluding value added tax. The company provides services to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on completion of services, except in respect of service contracts where revenue is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

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 balance sheet date.


GIS COORDINATED LTD (REGISTERED NUMBER: 04325558)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Operating leases
Amounts paid under operating leases are charged to profit and loss on straight line basis over the period of lease.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 7,500
AMORTISATION
At 1 April 2022
and 31 March 2023 7,500
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

GIS COORDINATED LTD (REGISTERED NUMBER: 04325558)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 11,487 39,140 50,627
DEPRECIATION
At 1 April 2022 10,384 35,236 45,620
Charge for year 165 1,952 2,117
At 31 March 2023 10,549 37,188 47,737
NET BOOK VALUE
At 31 March 2023 938 1,952 2,890
At 31 March 2022 1,103 3,904 5,007

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 100 -
Directors' loan accounts 15,716 35,675
Taxation 4,836 4,836
Prepayments 5,595 12,022
26,247 52,533

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,721 11,445
Trade creditors 105 10,376
Taxation 2,936 6,098
Paye/Ni payable 2,114 2,007
VAT 7,773 2,845
Other creditors 701 1,029
Accrued expenses 1,625 5,479
27,975 39,279

GIS COORDINATED LTD (REGISTERED NUMBER: 04325558)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 6,781 11,445
Bank loans - 2-5 years - 7,355
6,781 18,800

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 19,502 30,245

The bank loans are secured by a fixed and floating charge on the assets and undertakings of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr DH Cubin
Balance outstanding at start of year 35,675 41,243
Amounts advanced 15,439 19,600
Amounts repaid (35,398 ) (25,168 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,716 35,675

No interest was charged on the above balances.