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REGISTERED NUMBER: 10781416 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 May 2023

for

GT Expert Builders Limited

GT Expert Builders Limited (Registered number: 10781416)






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


GT Expert Builders Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: G Trzaska





REGISTERED OFFICE: Wyvols Court
Basingstoke Road
Swallowfield
Reding
Berkshire
RG7 1WY





REGISTERED NUMBER: 10781416 (England and Wales)





ACCOUNTANTS: J & C Accountants Ltd
Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY

GT Expert Builders Limited (Registered number: 10781416)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,201 21,429

CURRENT ASSETS
Debtors 5 33,716 34,782
Cash at bank and in hand 21,019 28,186
54,735 62,968
CREDITORS
Amounts falling due within one year 6 29,655 39,895
NET CURRENT ASSETS 25,080 23,073
TOTAL ASSETS LESS CURRENT LIABILITIES 43,281 44,502

CREDITORS
Amounts falling due after more than one
year

7

(39,583

)

(40,302

)

PROVISIONS FOR LIABILITIES (3,458 ) (4,072 )
NET ASSETS 240 128

GT Expert Builders Limited (Registered number: 10781416)

Balance Sheet - continued
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 102 102
Retained earnings 138 26
SHAREHOLDERS' FUNDS 240 128

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 17 April 2024 and were signed by:





G Trzaska - Director


GT Expert Builders Limited (Registered number: 10781416)

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

1. STATUTORY INFORMATION

G T Expert Builders Limited is a private company, limited by shares, registered in England & Wales. The company's registered number is 10781416. The company's registered office address is Wyvols Court, Basingstoke Road, Swallowfield, Reading, RG7 1WY. The business address is 2 Weardale Close, Reading, Berkshire, RG2 7JD.

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 consideration received or receivable, excluding discounts, rebates and value added tax.

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 - 33% on reducing balance and 15% on reducing balance

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.

GT Expert Builders Limited (Registered number: 10781416)

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 32,129
DEPRECIATION
At 1 June 2022 10,700
Charge for year 3,228
At 31 May 2023 13,928
NET BOOK VALUE
At 31 May 2023 18,201
At 31 May 2022 21,429

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 28,571 691
Other debtors 5,145 34,091
33,716 34,782

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 6,250 10,000
Trade creditors - 4,011
Taxation and social security 13,748 23,384
Other creditors 9,657 2,500
29,655 39,895

GT Expert Builders Limited (Registered number: 10781416)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 39,583 40,302

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,583 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1.00 100 100
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
102 102