IRIS Accounts Production v23.3.0.418 SC622285 Board of Directors Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6222852022-02-28SC6222852023-02-28SC6222852022-03-012023-02-28SC6222852021-02-28SC6222852021-03-012022-02-28SC6222852022-02-28SC622285ns10:Originalns15:Scotland2022-03-012023-02-28SC622285ns14:PoundSterlingns10:Original2022-03-012023-02-28SC622285ns10:Originalns10:Director12022-03-012023-02-28SC622285ns10:Original2022-03-012023-02-28SC622285ns10:Originalns10:Director22022-03-012023-02-28SC622285ns10:Original2023-02-28SC622285ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-28SC622285ns10:Originalns10:SmallEntities2022-03-012023-02-28SC622285ns10:Originalns10:AuditExemptWithAccountantsReport2022-03-012023-02-28SC622285ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-28SC622285ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-28SC622285ns10:Originalns10:FullAccounts2022-03-012023-02-28SC622285ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-28SC622285ns10:CompanySecretary1ns10:Original2022-03-012023-02-28SC622285ns10:Originalns10:RegisteredOffice2022-03-012023-02-28SC622285ns10:Original2022-02-28SC622285ns10:Originalns5:CurrentFinancialInstruments2023-02-28SC622285ns10:Originalns5:CurrentFinancialInstruments2022-02-28SC622285ns5:ShareCapitalns10:Original2023-02-28SC622285ns5:ShareCapitalns10:Original2022-02-28SC622285ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-28SC622285ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-28SC622285ns10:Originalns5:ComputerEquipment2022-03-012023-02-28SC622285ns10:Original2021-03-012022-02-28SC622285ns10:Originalns5:ComputerEquipment2022-02-28SC622285ns10:Originalns5:ComputerEquipment2023-02-28SC622285ns10:Originalns5:ComputerEquipment2022-02-28SC622285ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28SC622285ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-28SC622285ns5:BetweenOneFiveYearsns10:Original2023-02-28SC622285ns5:BetweenOneFiveYearsns10:Original2022-02-28SC622285ns10:Originalns10:OrdinaryShareClass12023-02-28
REGISTERED NUMBER: SC622285 (Scotland)










Unaudited Financial Statements

for the Year Ended 28 February 2023

for

GSAA Limited

GSAA Limited (Registered number: SC622285)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

GSAA Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs K Soumine George
Dr G J Rappai





SECRETARY: Mrs K Soumine George





REGISTERED OFFICE: 1 Birkwood Place
Newton Mearns
United Kingdom
GLASGOW
G77 5FW





REGISTERED NUMBER: SC622285 (Scotland)





ACCOUNTANTS: T B Dunn & Co
Ground Floor (part)
8000 Academy Business Park
51 Gower Street
GLASGOW
G51 1PR

GSAA Limited (Registered number: SC622285)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 623 650

CURRENT ASSETS
Debtors 5 2,071 1,500
Cash at bank 154,074 72,818
156,145 74,318
CREDITORS
Amounts falling due within one year 6 71,894 57,152
NET CURRENT ASSETS 84,251 17,166
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,874

17,816

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 84,774 17,716
SHAREHOLDERS' FUNDS 84,874 17,816

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

GSAA Limited (Registered number: SC622285)

Balance Sheet - continued
28 February 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by:




Dr G J Rappai - Director



Mrs K Soumine George - Director


GSAA Limited (Registered number: SC622285)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

GSAA Limited is a private company, limited by shares , registered in Scotland. 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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on management's best knowledge of the amount, events or actions, actual results ultimately may differ from those estimates.

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.
Computer equipment - 33.33% on cost

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

GSAA Limited (Registered number: SC622285)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term 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.

Cash and cash equivalents
Cash is represented by cash and deposits with financial institutions repayable without penalty on notice of not more than twenty four hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2022 1,588
Additions 551
At 28 February 2023 2,139
DEPRECIATION
At 1 March 2022 938
Charge for year 578
At 28 February 2023 1,516
NET BOOK VALUE
At 28 February 2023 623
At 28 February 2022 650

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,071 -
Other debtors - 1,500
2,071 1,500

GSAA Limited (Registered number: SC622285)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 25,080 13,121
Social security and other taxes 203 31
Directors' current accounts 44,759 42,989
Accrued expenses 1,852 1,011
71,894 57,152

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Between one and five years 12,590 18,886

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares £1 100 100

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
GSAA Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GSAA Limited for the year ended 28 February 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of GSAA Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GSAA Limited and state those matters that we have agreed to state to the Board of Directors of GSAA Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that GSAA Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GSAA Limited. You consider that GSAA Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GSAA Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






T B Dunn & Co
Ground Floor (part)
8000 Academy Business Park
51 Gower Street
GLASGOW
G51 1PR


7 November 2023