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REGISTERED NUMBER: 13637255 (England and Wales)










GD Business Technology Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2023






GD Business Technology Ltd (Registered number: 13637255)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GD Business Technology Ltd

Company Information
for the year ended 30 September 2023







DIRECTORS: Mr L Simpson
Mr P T Ryan
Mr N Roberts





REGISTERED OFFICE: Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN





REGISTERED NUMBER: 13637255 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

GD Business Technology Ltd (Registered number: 13637255)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,227 57,401

CURRENT ASSETS
Stocks 27,982 17,656
Debtors 5 259,243 75,992
Cash at bank 267,364 196,487
554,589 290,135
CREDITORS
Amounts falling due within one year 6 329,303 151,269
NET CURRENT ASSETS 225,286 138,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,513

196,267

PROVISIONS FOR LIABILITIES 10,835 10,920
NET ASSETS 263,678 185,347

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 263,578 185,247
SHAREHOLDERS' FUNDS 263,678 185,347

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 22 March 2024 and were signed on its behalf by:





Mr P T Ryan - Director


GD Business Technology Ltd (Registered number: 13637255)

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

1. STATUTORY INFORMATION

GD Business Technology Ltd 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 and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 7 (2022 - 3 ) .

GD Business Technology Ltd (Registered number: 13637255)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 67,472
Additions 11,101
Disposals (1,091 )
At 30 September 2023 77,482
DEPRECIATION
At 1 October 2022 10,071
Charge for year 18,366
Eliminated on disposal (182 )
At 30 September 2023 28,255
NET BOOK VALUE
At 30 September 2023 49,227
At 30 September 2022 57,401

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 239,494 70,049
Other debtors 19,749 5,943
259,243 75,992

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 72,190 89,074
Taxation and social security 151,410 60,245
Other creditors 105,703 1,950
329,303 151,269

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors on the basis that together they own all of the issued share capital in its entirety.