IRIS Accounts Production v23.4.0.336 10643866 director 29.8.22 28.8.23 28.8.23 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106438662022-08-28106438662023-08-28106438662022-08-292023-08-28106438662021-08-28106438662021-08-292022-08-28106438662022-08-2810643866ns15:EnglandWales2022-08-292023-08-2810643866ns14:PoundSterling2022-08-292023-08-2810643866ns10:Director12022-08-292023-08-2810643866ns10:PrivateLimitedCompanyLtd2022-08-292023-08-2810643866ns10:SmallEntities2022-08-292023-08-2810643866ns10:AuditExempt-NoAccountantsReport2022-08-292023-08-2810643866ns10:SmallCompaniesRegimeForDirectorsReport2022-08-292023-08-2810643866ns10:SmallCompaniesRegimeForAccounts2022-08-292023-08-2810643866ns10:FullAccounts2022-08-292023-08-2810643866ns10:OrdinaryShareClass12022-08-292023-08-2810643866ns10:RegisteredOffice2022-08-292023-08-2810643866ns5:CurrentFinancialInstruments2023-08-2810643866ns5:CurrentFinancialInstruments2022-08-2810643866ns5:ShareCapital2023-08-2810643866ns5:ShareCapital2022-08-2810643866ns5:RetainedEarningsAccumulatedLosses2023-08-2810643866ns5:RetainedEarningsAccumulatedLosses2022-08-2810643866ns5:ComputerEquipment2022-08-292023-08-2810643866ns5:ComputerEquipment2022-08-2810643866ns5:ComputerEquipment2023-08-2810643866ns5:ComputerEquipment2022-08-2810643866ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-2810643866ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-2810643866ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-08-2810643866ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-08-2810643866ns10:OrdinaryShareClass12023-08-28106438661ns10:Director12022-08-28106438661ns10:Director12021-08-28106438661ns10:Director12022-08-292023-08-28106438661ns10:Director12021-08-292022-08-28106438661ns10:Director12023-08-28106438661ns10:Director12022-08-28

















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 AUGUST 2023

FOR

GPG IT LIMITED

GPG IT LIMITED (REGISTERED NUMBER: 10643866)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GPG IT LIMITED

COMPANY INFORMATION
For The Year Ended 28 August 2023







DIRECTOR: Mr G P Galton





REGISTERED OFFICE: 5th Floor
Waverley House
115 - 119 Holdenhurst Road
Bournemouth
Dorset
BH8 8DY





REGISTERED NUMBER: 10643866 (England and Wales)






GPG IT LIMITED (REGISTERED NUMBER: 10643866)

BALANCE SHEET
28 August 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 13,730 13,560
Cash at bank 10 837
13,740 14,397
CREDITORS
Amounts falling due within one year 6 554 494
NET CURRENT ASSETS 13,186 13,903
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,186

13,903

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 13,086 13,803
SHAREHOLDERS' FUNDS 13,186 13,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 August 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.

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 director and authorised for issue on 16 April 2024 and were signed by:





Mr G P Galton - Director


GPG IT LIMITED (REGISTERED NUMBER: 10643866)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28 August 2023

1. STATUTORY INFORMATION

GPG IT 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 29 August 2022 850
Disposals (850 )
At 28 August 2023 -
DEPRECIATION
At 29 August 2022 850
Eliminated on disposal (850 )
At 28 August 2023 -
NET BOOK VALUE
At 28 August 2023 -
At 28 August 2022 -

GPG IT LIMITED (REGISTERED NUMBER: 10643866)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 August 2023

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 12,446 13,460

Amounts falling due after more than one year:
Other debtors 1,284 100

Aggregate amounts 13,730 13,560

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 554 494

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 August 2023 and 28 August 2022:

2023 2022
£    £   
Mr G P Galton
Balance outstanding at start of year 13,076 13,176
Amounts advanced 260 -
Amounts repaid (890 ) (100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,446 13,076

The loan is unsecured and has been charged interest at the HMRC official rate.