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REGISTERED NUMBER: 03909800 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Gap Global Systems Ltd

Gap Global Systems Ltd (Registered number: 03909800)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gap Global Systems Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mr P Strange
Mrs J Strange





SECRETARY: Mr P Strange





REGISTERED OFFICE: Hartridge Manor Oast
Paley Lane
Cranbrook
TN17 2NA





REGISTERED NUMBER: 03909800 (England and Wales)





ACCOUNTANTS: Robert Ko & Company
Chartered Accountants
33 Crofton Avenue
London
W4 3EW

Gap Global Systems Ltd (Registered number: 03909800)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,337 1,782

CURRENT ASSETS
Debtors 5 696,852 698,958
Cash at bank 4,387 8,361
701,239 707,319
CREDITORS
Amounts falling due within one year 6 2,262 14,523
NET CURRENT ASSETS 698,977 692,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

700,314

694,578

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 700,214 694,478
SHAREHOLDERS' FUNDS 700,314 694,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Gap Global Systems Ltd (Registered number: 03909800)

Balance Sheet - continued
31 January 2023


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 10 January 2024 and were signed on its behalf by:




Mrs J Strange - Director



Mr P Strange - Director


Gap Global Systems Ltd (Registered number: 03909800)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Gap Global Systems 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.
Fixtures, fittings & equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& equipment
£   
COST
At 1 February 2022
and 31 January 2023 7,085
DEPRECIATION
At 1 February 2022 5,303
Charge for year 445
At 31 January 2023 5,748
NET BOOK VALUE
At 31 January 2023 1,337
At 31 January 2022 1,782

Gap Global Systems Ltd (Registered number: 03909800)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 696,852 698,958

Included in other debtors is an amount of £534,289 (2022: £533,169) due from Mr P Strange, a director and shareholder of the company. The loan is interest bearing and an interest amount of £10,675 (2022: £13,186) has been accrued for in the accounts.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 12 11
Taxation and social security 1,450 12,912
Other creditors 800 1,600
2,262 14,523

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
Mrs J Strange
Balance outstanding at start of year 9,999 9,999
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,999 9,999

Mr P Strange
Balance outstanding at start of year 533,169 521,703
Amounts advanced 12,586 11,466
Amounts repaid (11,466 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 534,289 533,169