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REGISTERED NUMBER: 13325937 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

GK Independent Cleaners Group Ltd

GK Independent Cleaners Group Ltd (Registered number: 13325937)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GK Independent Cleaners Group Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTOR: G Katsoulis





REGISTERED OFFICE: 58 Cross Gates Close
Bracknell
Berkshire
RG12 9TY





REGISTERED NUMBER: 13325937 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED

GK Independent Cleaners Group Ltd (Registered number: 13325937)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,571 89,587

CURRENT ASSETS
Stocks 3,000 -
Debtors 5 804,835 -
Cash at bank 38,002 109,243
845,837 109,243
CREDITORS
Amounts falling due within one year 6 488,383 145,158
NET CURRENT ASSETS/(LIABILITIES) 357,454 (35,915 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

494,025

53,672

PROVISIONS FOR LIABILITIES 3,177 103
NET ASSETS 490,848 53,569

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 490,838 53,559
SHAREHOLDERS' FUNDS 490,848 53,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 31 January 2024 and were signed by:



G Katsoulis - Director


GK Independent Cleaners Group Ltd (Registered number: 13325937)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

GK Independent Cleaners Group 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 20 ) .

GK Independent Cleaners Group Ltd (Registered number: 13325937)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2022 5,828 102,900 108,728
Additions 11,098 116,374 127,472
Disposals - (66,895 ) (66,895 )
At 30 April 2023 16,926 152,379 169,305
DEPRECIATION
At 1 May 2022 276 18,865 19,141
Charge for year 2,160 29,351 31,511
Eliminated on disposal - (17,918 ) (17,918 )
At 30 April 2023 2,436 30,298 32,734
NET BOOK VALUE
At 30 April 2023 14,490 122,081 136,571
At 30 April 2022 5,552 84,035 89,587

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Amounts recoverable on contract 326,568 -
Directors' current accounts 353,568 -
Tax 119,329 -
Prepayments 5,370 -
804,835 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors - 14,209
Tax 255,114 31,583
Social security and other taxes 3,306 4,384
VAT 216,308 93,141
Other creditors 12,655 -
Directors' current accounts - 841
Accrued expenses 1,000 1,000
488,383 145,158

GK Independent Cleaners Group Ltd (Registered number: 13325937)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 April 2023 and the period ended 30 April 2022:

30.4.23 30.4.22
£    £   
G Katsoulis
Balance outstanding at start of year (841 ) -
Amounts advanced 795,083 243,162
Amounts repaid (440,674 ) (244,003 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 353,568 (841 )

Interest is charged on the above over drawn loan account at the HMRC recommend rate of interest.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £100,000 (2022 - £83,000) were paid to the director .

9. ULTIMATE CONTROLLING PARTY

The controlling party is G Katsoulis.