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Company Registration No. 11112496 (England and Wales)
Gaspect LTD Unaudited accounts for the year ended 31 December 2023
Gaspect LTD Unaudited accounts Contents
Page
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Gaspect LTD Company Information for the year ended 31 December 2023
Director
Darren Kevin Shelton
Company Number
11112496 (England and Wales)
Registered Office
48 Arlington Way Dalton Huddersfield HD5 9TF
Accountants
Karen Trunkwald T/A Karen's Business Services 6 Huddersfield Road Meltham Holmfirth HD9 4AE
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Gaspect LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
47,414 
32,894 
Current assets
Inventories
19,800 
19,945 
Debtors
36,397 
34,753 
Cash at bank and in hand
49,015 
70,578 
105,212 
125,276 
Creditors: amounts falling due within one year
911 
(13,506)
Net current assets
106,123 
111,770 
Total assets less current liabilities
153,537 
144,664 
Creditors: amounts falling due after more than one year
- 
31 
Net assets
153,537 
144,695 
Capital and reserves
Profit and loss account
153,537 
144,695 
Shareholders' funds
153,537 
144,695 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 6 April 2024 and were signed on its behalf by
Darren Kevin Shelton Director Company Registration No. 11112496
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Gaspect LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Gaspect LTD is a private company, limited by shares, registered in England and Wales, registration number 11112496. The registered office is 48 Arlington Way, Dalton, Huddersfield, HD5 9TF.
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:
Plant & machinery
15% Reducing balance method
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
6,430 
44,900 
2,958 
333 
54,621 
Additions
25,475 
- 
719 
- 
26,194 
At 31 December 2023
31,905 
44,900 
3,677 
333 
80,815 
Depreciation
At 1 January 2023
2,636 
18,116 
883 
92 
21,727 
Charge for the year
4,390 
6,696 
552 
36 
11,674 
At 31 December 2023
7,026 
24,812 
1,435 
128 
33,401 
Net book value
At 31 December 2023
24,879 
20,088 
2,242 
205 
47,414 
At 31 December 2022
3,794 
26,784 
2,075 
241 
32,894 
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Gaspect LTD Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
4,705 
5,603 
Trade debtors
28,620 
25,957 
Other debtors
3,072 
3,193 
36,397 
34,753 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
977 
4,555 
Taxes and social security
(2,562)
9,588 
Loans from directors
674 
(637)
(911)
13,506 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
(31)
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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