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REGISTERED NUMBER: 07259318 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 May 2023

for

G T (Alton) Limited

G T (Alton) Limited (Registered number: 07259318)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G T (Alton) Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: G L Gwynne





REGISTERED OFFICE: Unit 3, Lycroft Farm
Park Lane
Upper Swanmore
Southampton
Hampshire
SO32 2QQ





REGISTERED NUMBER: 07259318 (England and Wales)





ACCOUNTANTS: Behegan Lynes
Accountancy & Taxation Advisers
Bank Chambers
Brook Street
Bishops Waltham
Hampshire
SO32 1AX

G T (Alton) Limited (Registered number: 07259318)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,637 49,266

CURRENT ASSETS
Debtors 5 105,941 93,596
Cash at bank 27 493
105,968 94,089
CREDITORS
Amounts falling due within one year 6 76,774 65,586
NET CURRENT ASSETS 29,194 28,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,831

77,769

CREDITORS
Amounts falling due after more than one
year

7

58,055

66,031
NET ASSETS 776 11,738

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 676 11,638
SHAREHOLDERS' FUNDS 776 11,738

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.

G T (Alton) Limited (Registered number: 07259318)

Balance Sheet - continued
31 May 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 director and authorised for issue on 14 March 2024 and were signed by:





G L Gwynne - Director


G T (Alton) Limited (Registered number: 07259318)

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

1. STATUTORY INFORMATION

G T (Alton) 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.

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 & machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

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.


G T (Alton) Limited (Registered number: 07259318)

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

2. ACCOUNTING POLICIES - continued
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.

Employee benefits
Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant & Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022 60,102 12,999 73,101
Disposals - (12,999 ) (12,999 )
At 31 May 2023 60,102 - 60,102
DEPRECIATION
At 1 June 2022 20,585 3,250 23,835
Charge for year 9,880 - 9,880
Eliminated on disposal - (3,250 ) (3,250 )
At 31 May 2023 30,465 - 30,465
NET BOOK VALUE
At 31 May 2023 29,637 - 29,637
At 31 May 2022 39,517 9,749 49,266

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 5,715 10,345
Other debtors 100,226 83,251
105,941 93,596

G T (Alton) Limited (Registered number: 07259318)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 32,723 19,871
Trade creditors 1,182 2,221
Taxation and social security 33,303 23,286
Other creditors 9,566 20,208
76,774 65,586

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 38,941 44,430
Other creditors 19,114 21,601
58,055 66,031

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 4,937
Other loans more 5yrs instal - 4,052
- 8,989

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank loans 48,814 49,367

The Bank Loan is secured by the UK Government, under the bounce back loan scheme.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100

G T (Alton) Limited (Registered number: 07259318)

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
G L Gwynne
Balance outstanding at start of year 65,760 72,523
Amounts advanced 11,866 22,936
Amounts repaid - (29,699 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 77,626 65,760