1 April 2022 false No description of principal activity Taxfiler 2023.10 4683831business:PrivateLimitedCompanyLtd2022-04-012023-03-31 46838312022-03-31 46838312022-04-012023-03-31 4683831business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 4683831business:AbridgedAccounts2022-04-012023-03-31 46838312023-03-31 46838312022-03-31 4683831core:WithinOneYear2023-03-31 4683831core:WithinOneYear2022-03-31 4683831core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 4683831core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 4683831core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 4683831core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 4683831core:PreviouslyStatedAmount2023-03-31 4683831core:PreviouslyStatedAmount2022-03-31 4683831business:SmallEntities2022-04-012023-03-31 4683831business:Director12022-04-012023-03-31 4683831countries:EnglandWales2022-04-012023-03-31 4683831business:RegisteredOffice2022-04-012023-03-31 4683831core:PlantMachinery2022-04-012023-03-31 46838312021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 4683831 (England and Wales)
GCP Trading Ltd Unaudited accounts for the year ended 31 March 2023
GCP Trading Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
924 
1,121 
Current assets
Debtors
16,642 
7,790 
Cash at bank and in hand
7 
8 
16,649 
7,798 
Creditors: amounts falling due within one year
(11,496)
(11,611)
Net current assets/(liabilities)
5,153 
(3,813)
Total assets less current liabilities
6,077 
(2,692)
Provisions for liabilities
Deferred tax
(161)
(195)
Net assets/(liabilities)
5,916 
(2,887)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
5,915 
(2,888)
Shareholders' funds
5,916 
(2,887)
For the year ending 31 March 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 14 November 2023 and were signed on its behalf by
G Paskell Director Company Registration No. 4683831
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GCP Trading Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
GCP Trading Ltd is a private company, limited by shares, registered in England and Wales, registration number 4683831. The registered office is 68 Clay Pits, Braintree, Essex, CM7 3LA, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Turnover
Turnover shown in the profit and loss account represents amounts receivable during the year.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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:
Plant & machinery
15% reducing balance
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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GCP Trading Ltd Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2022
3,443 
At 31 March 2023
3,443 
Depreciation
At 1 April 2022
2,322 
Charge for the year
197 
At 31 March 2023
2,519 
Net book value
At 31 March 2023
924 
At 31 March 2022
1,121 
5
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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