Registered number: 5582674 | ||||||||
FOR THE YEAR ENDED 30/11/2023 | ||||||||
Prepared By: | ||||||||
GT Accountants Limited | ||||||||
Unit 7, The Court House | ||||||||
72 Moorland Road, Burslem | ||||||||
Stoke on Trent | ||||||||
Staffs | ||||||||
ST6 1DY |
GT Accountants Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/11/2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
Elizabeth Turner | ||||||||
REGISTERED OFFICE | ||||||||
Stoke-on-Trent | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 5582674 | ||||||||
ACCOUNTANTS | ||||||||
GT Accountants Limited | ||||||||
Unit 7, The Court House | ||||||||
72 Moorland Road, Burslem | ||||||||
Stoke on Trent | ||||||||
Staffs | ||||||||
ST6 1DY |
GT Accountants Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/11/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 |
GT Accountants Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 3 | |||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
71,067 | 63,393 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 15,187 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 45,531 | 54,366 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 9 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | |||||||||
Capital redemption reserve | 11 | |||||||||
Profit and loss account | 4,945 | 3,986 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
Director | ||||||||||
GT Accountants Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/11/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Equipment | reducing balance 25 & 33% | |||||||
Motor Cars | reducing balance 25% |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1d. Goodwill | ||||||||
1e. Government Grants | ||||||||
Government grants are recognised in profit and loss in the year in which they are received. |
1f. Leasing Commitments | ||||||||
Assets held under finance leases, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and are depreciated over their useful lives The capital element of future obligations under the lease is included as a liability in the balance sheet The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. | ||||||||
GT Accountants Limited | ||||||||
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 6 | |||||
3. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/12/2022 | 93,850 | 93,850 | ||
At 30/11/2023 | 93,850 | 93,850 | ||
Depreciation | ||||
At 01/12/2022 | 83,289 | 83,289 | ||
For the year | 3,519 | 3,519 | ||
At 30/11/2023 | 86,808 | 86,808 | ||
Net Book Amounts | ||||
At 30/11/2023 | ||||
At 30/11/2022 | ||||
4. TANGIBLE FIXED ASSETS | ||||
Plant and | ||||
Machinery Etc. | Total | |||
£ | £ | |||
Cost | ||||
At 01/12/2022 | 79,593 | 79,593 | ||
Additions | 3,736 | 3,736 | ||
At 30/11/2023 | 83,329 | 83,329 | ||
Depreciation | ||||
At 01/12/2022 | 42,506 | 42,506 | ||
For the year | 11,624 | 11,624 | ||
At 30/11/2023 | 54,130 | 54,130 | ||
Net Book Amounts | ||||
At 30/11/2023 | 29,199 | 29,199 | ||
At 30/11/2022 | 37,087 | 37,087 | ||
GT Accountants Limited | ||||||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Trade debtors | 34,075 | 31,623 | ||||||
Other debtors | 12,659 | 8,187 | ||||||
46,734 | 39,810 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 21,414 | 17,954 | ||||||
VAT | 16,339 | 12,488 | ||||||
PAYE control | 3,110 | 1,304 | ||||||
Directors current account | - | 350 | ||||||
Bank Loan | 5,556 | 5,556 | ||||||
Credit card | 391 | 400 | ||||||
Hire purchase | 3,280 | 3,280 | ||||||
Trade creditors | 3,236 | 4,353 | ||||||
Pension schemes | - | 306 | ||||||
Accruals | 3,401 | 2,215 | ||||||
56,727 | 48,206 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 30,556 | 36,111 | ||||||
Hire purchase >1yr | 14,975 | 18,255 | ||||||
45,531 | 54,366 | |||||||
GT Accountants Limited | ||||||||
8. SECURED CREDITORS | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Amount of other creditors which are secured | 18,255 | 21,535 | ||||||
9. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | - | 4,378 | ||||||
- | 4,378 | |||||||
10. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
78 | 78 | |||||||
22 | 22 | |||||||
of £ each | 5 | |||||||
100 | 105 | |||||||
11. OTHER RESERVES | 2023 | 2022 | ||||
£ | £ | |||||
Capital redemption reserve | 5 | - | ||||
5 | - | |||||
GT Accountants Limited | ||||||||
12. OTHER FINANCIAL COMMITMENTS | ||||||||
At 30/11/2023 the company was committed to making the following payments under non-cancellable operating leases: | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Operating Leases which expire: | ||||||||
Within one year | 1,559 | - | ||||||
Within two to five years | - | 4,124 | ||||||