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REGISTERED NUMBER: 09854956 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

GTA EDUCATION LTD

GTA EDUCATION LTD (REGISTERED NUMBER: 09854956)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GTA EDUCATION LTD

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTORS: D J Willoughby
M Crawford





REGISTERED OFFICE: 12 Henry Boot Way
Priory Park East
Hull
HU4 7DY





REGISTERED NUMBER: 09854956 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

GTA EDUCATION LTD (REGISTERED NUMBER: 09854956)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,528 10,715

CURRENT ASSETS
Debtors 5 9,709 11,531
Cash at bank and in hand 27,600 38,094
37,309 49,625
CREDITORS
Amounts falling due within one year 6 6,838 23,508
NET CURRENT ASSETS 30,471 26,117
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,999

36,832

PROVISIONS FOR LIABILITIES 4,851 2,036
NET ASSETS 51,148 34,796

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 51,146 34,794
SHAREHOLDERS' FUNDS 51,148 34,796

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

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

GTA EDUCATION LTD (REGISTERED NUMBER: 09854956)

BALANCE SHEET - continued
31 July 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 8 February 2024 and were signed on its behalf by:




D J Willoughby - Director



M Crawford - Director


GTA EDUCATION LTD (REGISTERED NUMBER: 09854956)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

GTA Education Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at 12 Henry Boot Way, Priory Park East, Hull, HU4 7DY.

The principal activity of the company is of taxi driver training services.

The presentational currency of the financial statements is the Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

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 etc - 20% on cost

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 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 2 (2022 - 2 ) .

GTA EDUCATION LTD (REGISTERED NUMBER: 09854956)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 20,131
Additions 22,021
Disposals (2,938 )
At 31 July 2023 39,214
DEPRECIATION
At 1 August 2022 9,416
Charge for year 5,053
Eliminated on disposal (783 )
At 31 July 2023 13,686
NET BOOK VALUE
At 31 July 2023 25,528
At 31 July 2022 10,715

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,709 11,531

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 5,338 14,890
Other creditors 1,500 8,618
6,838 23,508

GTA EDUCATION LTD (REGISTERED NUMBER: 09854956)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023


7. RELATED PARTY DISCLOSURES

North Humberside Motor Trades Group Training Association
The company holds a current account with North Humberside Motor Trades Group Training Association ('NHMTGTA'), an unincorporated charity in which directors Mr D Willoughby and Mr M Crawford are members of the management team.

NHMTGTA charged rent of £21,089, inclusive of irrecoverable VAT, to the company in the period.

Charges of £19,355 were made by NHMTGTA to the company in the period in relation to shared resources.
The company made charges of £38,868 to NHMTGTA in the period in relation to shared resources.

These transactions were undertaken on commercial terms at arm's length.

The balance due from the company to NHMTGTA at the balance sheet date was nil (2022: £7,318).