1 August 2022 false No description of principal activity Taxfiler 2023.15 11478917business:PrivateLimitedCompanyLtd2022-08-012023-07-31 114789172022-07-31 114789172022-08-012023-07-31 11478917business:AuditExemptWithAccountantsReport2022-08-012023-07-31 11478917business:FilletedAccounts2022-08-012023-07-31 114789172023-07-31 11478917business:Director12022-08-012023-07-31 11478917business:Director22022-08-012023-07-31 11478917business:RegisteredOffice2022-08-012023-07-31 114789172022-07-31 11478917core:WithinOneYear2023-07-31 11478917core:WithinOneYear2022-07-31 11478917core:AfterOneYear2023-07-31 11478917core:AfterOneYear2022-07-31 11478917core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 11478917core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 11478917core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 11478917core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 11478917core:PreviouslyStatedAmount2023-07-31 11478917core:PreviouslyStatedAmount2022-07-31 11478917business:SmallEntities2022-08-012023-07-31 11478917countries:EnglandWales2022-08-012023-07-31 11478917core:FurnitureFittings2022-08-012023-07-31 11478917core:ComputerEquipment2022-08-012023-07-31 11478917core:MotorVehicles2022-07-31 11478917core:FurnitureFittings2022-07-31 11478917core:ComputerEquipment2022-07-31 11478917core:MotorVehicles2022-08-012023-07-31 11478917core:MotorVehicles2023-07-31 11478917core:FurnitureFittings2023-07-31 11478917core:ComputerEquipment2023-07-31 11478917core:BetweenOneFiveYears2023-07-31 11478917core:BetweenOneFiveYears2022-07-31 114789172021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 11478917 (England and Wales)
GTB Collective Ltd Unaudited accounts for the year ended 31 July 2023
GTB Collective Ltd Unaudited accounts Contents
Page
- 2 -
GTB Collective Ltd Company Information for the year ended 31 July 2023
Directors
Mr Peter Heywood Mr Gareth Brooks
Company Number
11478917 (England and Wales)
Registered Office
Unit 5 The Enterprise Centre Dawsons Lane Barwell Leicestershire LE9 8BE UNITED KINGDOM
Accountants
Lilley & Co (UK) Limited Suite 8 57 High Street Ibstock Leicestershire LE67 6LH
- 3 -
GTB Collective Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
54,803 
66,290 
Current assets
Inventories
780 
5,000 
Debtors
13,810 
14,639 
Cash at bank and in hand
95,679 
72,325 
110,269 
91,964 
Creditors: amounts falling due within one year
(19,897)
(15,541)
Net current assets
90,372 
76,423 
Total assets less current liabilities
145,175 
142,713 
Creditors: amounts falling due after more than one year
(22,750)
(26,647)
Provisions for liabilities
Deferred tax
(10,413)
(12,595)
Net assets
112,012 
103,471 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
112,010 
103,469 
Shareholders' funds
112,012 
103,471 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by
Mr Peter Heywood Director Company Registration No. 11478917
- 4 -
GTB Collective Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
GTB Collective Ltd is a private company, limited by shares, registered in England and Wales, registration number 11478917. The registered office is Unit 5 The Enterprise Centre, Dawsons Lane, Barwell, Leicestershire, LE9 8BE, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
- 5 -
GTB Collective Ltd Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
62,600 
38,462 
5,794 
106,856 
Additions
778 
1,507 
6,634 
8,919 
At 31 July 2023
63,378 
39,969 
12,428 
115,775 
Depreciation
At 1 August 2022
21,693 
15,503 
3,370 
40,566 
Charge for the year
10,421 
6,116 
3,869 
20,406 
At 31 July 2023
32,114 
21,619 
7,239 
60,972 
Net book value
At 31 July 2023
31,264 
18,350 
5,189 
54,803 
At 31 July 2022
40,907 
22,959 
2,424 
66,290 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,262 
Accrued income and prepayments
13,809 
12,376 
Other debtors
1 
1 
13,810 
14,639 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,901 
3,890 
Trade creditors
238 
- 
Taxes and social security
13,535 
8,330 
Loans from directors
160 
116 
Accruals
1,610 
2,258 
Deferred income
453 
947 
19,897 
15,541 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
22,750 
26,647 
- 6 -
GTB Collective Ltd Notes to the Accounts for the year ended 31 July 2023
8
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 July 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
75,365 
90,502 
Later than one year and not later than five years
109,083 
188,944 
184,448 
279,446 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 7 -