Registered number
04222489
GCS (UK) Limited
Filleted Accounts
31 March 2023
GCS (UK) Limited
Registered number: 04222489
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 160,340 125,545
Current assets
Stocks 12,000 12,000
Debtors 5 119,587 131,970
Cash at bank and in hand 121,065 125,942
252,652 269,912
Creditors: amounts falling due within one year 6 (109,591) (127,107)
Net current assets 143,061 142,805
Total assets less current liabilities 303,401 268,350
Creditors: amounts falling due after more than one year 7 (50,481) (32,253)
Provisions for liabilities - deferred tax (36,824) (20,637)
Net assets 216,096 215,460
Capital and reserves
Called up share capital 100 100
Profit and loss account 215,996 215,360
Shareholder's funds 216,096 215,460
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Southgate
Director
Approved by the board on 16 November 2023
GCS (UK) Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% per annum reducing balance basis
Computers and Office Equipment 20% per annum reducing balance basis
Motor vehicles 20% per annum reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 21 19
3 Intangible fixed assets £
Goodwill and other Intangible Assets
Cost
At 1 April 2022 53,900
At 31 March 2023 53,900
Amortisation
At 1 April 2022 53,900
At 31 March 2023 53,900
Net book value
At 31 March 2023 -
Goodwill has been written off in full. It originally cost £30,000.

Franchise Fees and Licences have been written off in full. The original cost was £23,900.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 33,960 210,609 244,569
Additions 1,409 93,944 95,353
Disposals - (52,176) (52,176)
At 31 March 2023 35,369 252,377 287,746
Depreciation
At 1 April 2022 28,795 90,229 119,024
Charge for the year 1,315 38,771 40,086
On disposals - (31,704) (31,704)
At 31 March 2023 30,110 97,296 127,406
Net book value
At 31 March 2023 5,259 155,081 160,340
At 31 March 2022 5,165 120,380 125,545
5 Debtors 2023 2022
£ £
Trade debtors 113,338 106,676
Other debtors 6,249 25,294
119,587 131,970
6 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 31,089 24,132
Trade creditors 18,009 40,392
Corporation tax 6,141 6,644
Other taxes and social security costs 47,032 50,430
Directors loan accounts 3,520 2,222
Other creditors 3,800 3,287
109,591 127,107
7 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 50,481 32,253
8 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases - 5,716
9 Controlling party
The Company in controlled by G Southgate by virtue of his ownership of 100% of the
issued Ordinary Share Capital in the Company.
10 Other information
GCS (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
101 London Road
Stanway
Colchester
Essex
CO3 0NY
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