2022-08-01 2023-07-31 false Capium Accounts Production 1.1 13512200 bus:FullAccounts 2022-08-01 2023-07-31 13512200 bus:FRS102 2022-08-01 2023-07-31 13512200 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 13512200 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 13512200 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 13512200 2022-08-01 2023-07-31 13512200 2023-07-31 13512200 bus:RegisteredOffice 2022-08-01 2023-07-31 13512200 core:WithinOneYear 2023-07-31 13512200 core:AfterOneYear 2023-07-31 13512200 bus:Director1 2022-08-01 2023-07-31 13512200 bus:Director1 2023-07-31 13512200 bus:Director1 2021-07-15 2022-07-31 13512200 bus:Director2 2022-08-01 2023-07-31 13512200 bus:Director2 2023-07-31 13512200 bus:Director2 2021-07-15 2022-07-31 13512200 2021-07-15 13512200 bus:CompanySecretary1 2022-08-01 2023-07-31 13512200 bus:LeadAgentIfApplicable 2022-08-01 2023-07-31 13512200 2021-07-15 2022-07-31 13512200 2022-07-31 13512200 core:WithinOneYear 2022-07-31 13512200 core:AfterOneYear 2022-07-31 13512200 bus:EntityAccountantsOrAuditors 2021-07-15 2022-07-31 13512200 core:CostValuation core:Non-currentFinancialInstruments 2023-07-31 13512200 core:CostValuation core:Non-currentFinancialInstruments 2022-07-31 13512200 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-07-31 13512200 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-07-31 13512200 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-07-31 13512200 core:Non-currentFinancialInstruments 2023-07-31 13512200 core:Non-currentFinancialInstruments 2022-07-31 13512200 core:ShareCapital 2023-07-31 13512200 core:ShareCapital 2022-07-31 13512200 core:RetainedEarningsAccumulatedLosses 2023-07-31 13512200 core:RetainedEarningsAccumulatedLosses 2022-07-31 13512200 dpl:Item1 2022-08-01 13512200 dpl:Item1 2023-07-31 13512200 dpl:Item1 2021-07-15 13512200 dpl:Item1 2022-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 13512200
England and Wales

 

 

 

GSA GROUP LTD


Annual Report and Unaudited Filleted Accounts
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
Directors Davinder Kaur
Gurmeet Singh
Registered Number 13512200
Registered Office 49 Caldwell Street
West Bromwich
Birmingham
B71 2DW
Accountants Prism Certified Accountants Ltd
4 Lochmore Close
Hinckley
LE10 0TY
1
 
 
Notes
 
2023
£
  2022
£
Current assets      
Debtors 3 19,762    623 
Cash at bank and in hand 4,181    4,974 
23,943    5,597 
Creditors: amount falling due within one year 4 (19,767)   (1,096)
Net current assets 4,176    4,501 
 
Total assets less current liabilities 4,176    4,501 
Net assets 4,176    4,501 
 

Capital and reserves
     
Called up share capital 10    10 
Profit and loss account 4,166    4,491 
Shareholder's funds 4,176    4,501 
 


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge 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 financial statements were approved by the board of directors on 08 April 2024 and were signed on its behalf by:


-------------------------------
Gurmeet Singh
Director
2
General Information
GSA Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 13512200, registration address 49 Caldwell Street, West Bromwich, Birmingham, B71 2DW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of service is recognised when the service are delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.
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
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Financial instruments
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.


Financial assets and liabilities
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through the Profit and Loss Account, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
2.

Average number of employees

Average number of employees during the year was 7 (2022 : 7).
3.

Debtors: amounts falling due within one year

2023
£
  2022
£
Other Debtors 1,750   
Director loan 18,012    623 
19,762    623 

4.

Creditors: amount falling due within one year

2023
£
  2022
£
Corporation Tax 1,489    1,096 
PAYE & Social Security 3,034   
Wages & Salaries Control Account 8,049   
VAT 7,195   
19,767    1,096 

5.

Transactions with related parties

As at 31 July 2023, remuneration of £18,185 and £1,318 were paid to the directors Gurmeet Singh and Davinder Kaur respectively. The directors are the only key management personnel of the Company.

Included within debtors: amounts falling due (within one year) is a director loan of £18,012 owed by Gurmeet Singh. The loan is interest free and repayable on demand

3