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REGISTERED NUMBER: 06918125 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 May 2023

for

GTRS Electrical Limited

GTRS Electrical Limited (Registered number: 06918125)






Contents of the Financial Statements
For The Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GTRS Electrical Limited

Company Information
For The Year Ended 31 May 2023







DIRECTOR: G Porterfield





REGISTERED OFFICE: 3 Keates Green
Priestwood
Bracknell
Berkshire
RG42 2AH





REGISTERED NUMBER: 06918125 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

GTRS Electrical Limited (Registered number: 06918125)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,627 12,842

CURRENT ASSETS
Stocks 250 200
Cash at bank 3,437 652
3,687 852
CREDITORS
Amounts falling due within one year 5 27,575 25,630
NET CURRENT LIABILITIES (23,888 ) (24,778 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(14,261

)

(11,936

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (15,261 ) (12,936 )
(14,261 ) (11,936 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 15 February 2024 and were signed by:





G Porterfield - Director


GTRS Electrical Limited (Registered number: 06918125)

Notes to the Financial Statements
For The Year Ended 31 May 2023

1. STATUTORY INFORMATION

GTRS Electrical Limited 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.

The accounts have been prepared on a going concern basis due to the continuing financial support of the Director.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and is recognised as services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

GTRS Electrical Limited (Registered number: 06918125)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 2,000 22,819 24,819
DEPRECIATION
At 1 June 2022 1,994 9,983 11,977
Charge for year 6 3,209 3,215
At 31 May 2023 2,000 13,192 15,192
NET BOOK VALUE
At 31 May 2023 - 9,627 9,627
At 31 May 2022 6 12,836 12,842

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts - 701
Trade creditors 96 86
Directors' current accounts 26,829 24,225
Accrued expenses 650 618
27,575 25,630