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REGISTERED NUMBER: 10605414 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

GK Search Limited

GK Search Limited (Registered number: 10605414)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GK Search Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr Jack Andrew Knibbs
Mr Ryan James Grierson





REGISTERED OFFICE: Arena Business Centre
Riverside Way
Watchmoor Park
Camberley
GU15 3YL





REGISTERED NUMBER: 10605414 (England and Wales)





ACCOUNTANTS: Capitax Financial Limited
Devonshire House
582 Honeypot Lane
Stanmore
MIDDLESEX
HA7 1JS

GK Search Limited (Registered number: 10605414)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,288 60,507

CURRENT ASSETS
Debtors 5 85,027 45,552
Cash at bank 44,754 76,783
129,781 122,335
CREDITORS
Amounts falling due within one year 6 74,208 130,658
NET CURRENT ASSETS/(LIABILITIES) 55,573 (8,323 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,861

52,184

CREDITORS
Amounts falling due after more than one year 7 (120,121 ) (52,714 )

PROVISIONS FOR LIABILITIES (10,315 ) (11,496 )
NET LIABILITIES (20,575 ) (12,026 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (21,575 ) (13,026 )
SHAREHOLDERS' FUNDS (20,575 ) (12,026 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

GK Search Limited (Registered number: 10605414)

Statement of Financial Position - continued
31 January 2024


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 23 February 2024 and were signed on its behalf by:




Mr Jack Andrew Knibbs - Director



Mr Ryan James Grierson - Director


GK Search Limited (Registered number: 10605414)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

GK Search 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.

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 etc - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

GK Search Limited (Registered number: 10605414)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 73,383
DEPRECIATION
At 1 February 2023 12,876
Charge for year 6,219
At 31 January 2024 19,095
NET BOOK VALUE
At 31 January 2024 54,288
At 31 January 2023 60,507

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 85,027 45,552

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 35,648 41,204
Trade creditors 12,629 6,625
Taxation and social security 23,310 19,300
Other creditors 2,621 63,529
74,208 130,658

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 75,029 -
Other creditors 45,092 52,714
120,121 52,714

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 January 2024, GK Search Ltd owed £2,621 to its directors. This amount is reflected accordingly in the director's loan accounts in credit balance, which is shown as part of Other Creditors under Creditors due within one year. Please be advised that the directors has agreed to provide this loan on an interest free basis and the loan is payable on demand.