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Registered Number: 14371903


 

 

 

GIT TECHNOLOGIES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 October 2022

End date: 30 November 2023
Report to the directors on the preparation of the unaudited statutory accounts of GIT TECHNOLOGIES LTD for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GIT TECHNOLOGIES LTD for the year ended 30 November 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of GIT TECHNOLOGIES LTD, as a body, in accordance with the terms of our engagement letter dated 23 September 2023 Our work has been undertaken solely to prepare for your approval the accounts of GIT TECHNOLOGIES LTD and state those matters that we have agreed to state to the Board of Directors of GIT TECHNOLOGIES LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GIT TECHNOLOGIES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GIT TECHNOLOGIES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GIT TECHNOLOGIES LTD. You consider that GIT TECHNOLOGIES LTD is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of GIT TECHNOLOGIES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
30 November 2023



....................................................
RAGAVAN AND CO LTD
CHARTERED CERTIFIED ACCOUNTANTS
240 GROVE LANE
BIRMINGHAM
WEST MIDLANDS
B20 2EY
12 February 2024
1
 
 
Notes
 
2023
£
Fixed assets    
Tangible fixed assets 3 1,163 
1,163 
Current assets    
Debtors 2,737 
Cash at bank and in hand 20,408 
23,145 
Creditors: amount falling due within one year (21,881)
Net current assets 1,264 
 
Total assets less current liabilities 2,427 
Net assets 2,427 
 

Capital and reserves
   
Called up share capital (10)
Profit and loss account 2,437 
Shareholder's funds 2,427 
 


For the period ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 12 February 2024 and were signed by:


-------------------------------
Malathi BADARALA
Director
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General Information
GIT TECHNOLOGIES LTD is a private company, limited by shares, registered in , registration number 14371903, registration address 5 GRAYSON MEWS, BEESTON, NOTTINGHAM, NOTTINGHAMSHIRE, NG9 6RU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Reducing Balance
2.

Average number of employees

Average number of employees during the period was 1.
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 October 2022  
Additions 1,642    1,642 
Disposals  
At 30 November 2023 1,642    1,642 
Depreciation
At 01 October 2022  
Charge for period 479    479 
On disposals  
At 30 November 2023 479    479 
Net book values
Closing balance as at 30 November 2023 1,163    1,163 
Opening balance as at 01 October 2022  


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