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REGISTERED NUMBER: 04361196












Unaudited Financial Statements

for the Year Ended 28 February 2023

for

GTS Enterprise Limited

GTS Enterprise Limited (Registered number: 04361196)






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


GTS Enterprise Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: G Stefanello
S J L Tweddell





SECRETARY: S J L Tweddell





REGISTERED OFFICE: The Annex
143 - 145 Stanwell Road
Ashford
Middlesex
TW15 3QN





REGISTERED NUMBER: 04361196





ACCOUNTANT: Robert Thorne FCCA
Chartered Certified Accountant
The Annex
143 - 145 Stanwell Road
Ashford
Middlesex
TW15 3QN

GTS Enterprise Limited (Registered number: 04361196)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 366,917 378,313

CURRENT ASSETS
Debtors 5 1,775,495 1,519,067
Cash at bank 2,291,759 3,123,394
4,067,254 4,642,461
CREDITORS
Amounts falling due within one year 6 1,272,825 2,321,354
NET CURRENT ASSETS 2,794,429 2,321,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,161,346

2,699,420

PROVISIONS FOR LIABILITIES 69,509 71,630
NET ASSETS 3,091,837 2,627,790

CAPITAL AND RESERVES
Called up share capital 80 80
Retained earnings 3,091,757 2,627,710
SHAREHOLDERS' FUNDS 3,091,837 2,627,790

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.

GTS Enterprise Limited (Registered number: 04361196)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:





S J L Tweddell - Director


GTS Enterprise Limited (Registered number: 04361196)

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

1. STATUTORY INFORMATION

GTS Enterprise Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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
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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

GTS Enterprise Limited (Registered number: 04361196)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 321,115 8,252 642,534 111,594 1,083,495
Additions 7,000 - 118,000 4,103 129,103
Disposals - - (17,046 ) - (17,046 )
At 28 February 2023 328,115 8,252 743,488 115,697 1,195,552
DEPRECIATION
At 1 March 2022 290,556 8,252 311,992 94,382 705,182
Charge for year 7,512 - 111,377 18,576 137,465
Eliminated on disposal - - (14,012 ) - (14,012 )
At 28 February 2023 298,068 8,252 409,357 112,958 828,635
NET BOOK VALUE
At 28 February 2023 30,047 - 334,131 2,739 366,917
At 28 February 2022 30,559 - 330,542 17,212 378,313

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 1,418,750 1,230,435
Other debtors 356,745 288,632
1,775,495 1,519,067

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 1,016,107 1,199,849
Taxation and social security 34,072 280,388
Other creditors 222,646 841,117
1,272,825 2,321,354

7. ULTIMATE CONTROLLING PARTY

There was no party that could be considered as an ultimate controlling party during the year.