GSAI LIMITED

Company Registration Number:
08936855 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

GSAI LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

GSAI LIMITED

Balance sheet

As at 31 July 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 0 9,501
Tangible assets: 4 193,920 123,234
Total fixed assets: 193,920 132,735
Current assets
Stocks: 115,976 146,576
Debtors:   12,219 10,241
Cash at bank and in hand: 26,282 106,017
Total current assets: 154,477 262,834
Creditors: amounts falling due within one year: 5 (161,483) (203,377)
Net current assets (liabilities): (7,006) 59,457
Total assets less current liabilities: 186,914 192,192
Creditors: amounts falling due after more than one year: 6 (110,859) (95,754)
Total net assets (liabilities): 76,055 96,438
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 76,045 96,428
Shareholders funds: 76,055 96,438

The notes form part of these financial statements

GSAI LIMITED

Balance sheet statements

For the year ending 31 July 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 October 2023
and signed on behalf of the board by:

Name: Imran Rabbani
Status: Director

The notes form part of these financial statements

GSAI LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GSAI LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 2022
Average number of employees during the period 24 24

GSAI LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Intangible Assets

Total
Cost £
At 01 August 2022 417,503
At 31 July 2023 417,503
Amortisation
At 01 August 2022 408,002
Charge for year 9,501
At 31 July 2023 417,503
Net book value
At 31 July 2023 0
At 31 July 2022 9,501

GSAI LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Tangible Assets

Total
Cost £
At 01 August 2022 288,946
Additions 139,837
Disposals (59,445)
At 31 July 2023 369,338
Depreciation
At 01 August 2022 165,712
Charge for year 51,980
On disposals (42,274)
At 31 July 2023 175,418
Net book value
At 31 July 2023 193,920
At 31 July 2022 123,234

GSAI LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Creditors: amounts falling due within one year note

. 2023 2022 £ £Bank loans & overdrafts 10,000 10,000HP Creditors 43,065 29,260Trade Creditors 101,130 147,262Other taxes & social security 7,288 16,855 --------- ---------- 162,483 203,377 ====== =======

GSAI LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Creditors: amounts falling due after more than one year note

. 2023 2022 £ £Bank Loans 19,167 29,167HP Creditors 91.440 59,495Other creditors 252 7,092 --------- --------- 110,859 95,754 ====== ======