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REGISTERED NUMBER: 04630102 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

G T BUILDERS & WINDOWS LIMITED

G T BUILDERS & WINDOWS LIMITED (REGISTERED NUMBER: 04630102)

Contents of the Financial Statements
for the year ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G T BUILDERS & WINDOWS LIMITED

Company Information
for the year ended 30 April 2023







Director: C Turner





Registered office: Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA





Registered number: 04630102 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA

G T BUILDERS & WINDOWS LIMITED (REGISTERED NUMBER: 04630102)

Balance Sheet
30 April 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 14,909 24,387

Current assets
Stocks - 19,701
Debtors 5 33,765 68,749
Cash at bank 32,183 8,013
65,948 96,463
Creditors
Amounts falling due within one year 6 64,768 79,450
Net current assets 1,180 17,013
Total assets less current liabilities 16,089 41,400

Creditors
Amounts falling due after more than one
year

7

(20,323

)

(40,906

)

Provisions for liabilities 8 (2,833 ) -
Net (liabilities)/assets (7,067 ) 494

Capital and reserves
Called up share capital 130 130
Retained earnings 9 (7,197 ) 364
Shareholders' funds (7,067 ) 494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

G T BUILDERS & WINDOWS LIMITED (REGISTERED NUMBER: 04630102)

Balance Sheet - continued
30 April 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2023 and were signed by:





C Turner - Director


G T BUILDERS & WINDOWS LIMITED (REGISTERED NUMBER: 04630102)

Notes to the Financial Statements
for the year ended 30 April 2023


1. Statutory information

G T Builders & Windows Limited is a private company, limited by shares , registered in England and Wales. 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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

G T BUILDERS & WINDOWS LIMITED (REGISTERED NUMBER: 04630102)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

3. Employees and directors

The average number of employees during the year was 4 (2022 - 7 ) .

4. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£ £ £
Cost
At 1 May 2022 19,994 94,929 114,923
Disposals - (19,000 ) (19,000 )
At 30 April 2023 19,994 75,929 95,923
Depreciation
At 1 May 2022 17,400 73,136 90,536
Charge for year 648 4,321 4,969
Eliminated on disposal - (14,491 ) (14,491 )
At 30 April 2023 18,048 62,966 81,014
Net book value
At 30 April 2023 1,946 12,963 14,909
At 30 April 2022 2,594 21,793 24,387

G T BUILDERS & WINDOWS LIMITED (REGISTERED NUMBER: 04630102)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors (180 ) 387
Other debtors 33,945 68,362
33,765 68,749

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 8,306 -
Hire purchase contracts 4,496 4,496
Trade creditors 14,314 33,780
Taxation and social security 29,034 34,813
Other creditors 8,618 6,361
64,768 79,450

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 16,951 33,037
Hire purchase contracts 3,372 7,869
20,323 40,906

8. Provisions for liabilities
2023 2022
£ £
Deferred tax 2,833 -

Deferred tax
£
Movements for the year 2,833
Balance at 30 April 2023 2,833

9. Reserves
Retained
earnings
£

At 1 May 2022 364
Deficit for the year (7,561 )
At 30 April 2023 (7,197 )

G T BUILDERS & WINDOWS LIMITED (REGISTERED NUMBER: 04630102)

Notes to the Financial Statements - continued
for the year ended 30 April 2023


10. Director's advances, credits and guarantees

During the year a director operated an overdrawn current account which constitutes an advance by the company. Further advances during the year amounted to £6,645 and repayments of £47,751 were made. The balance on the current account as at 30 April 2023 was £27,256. Interest is charged on this at a rate of 2.5% per annum. The loan is unsecured and repayable on demand.