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Registered number: 2753079

GT Control & Design Ltd

FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/10/2023

Prepared By:
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

GT Control & Design Ltd

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/10/2023
DIRECTORS
Mr G Taylor
SECRETARY
Mrs L Taylor
REGISTERED OFFICE
35 Balderstone Road
Rochdale
Lancashire
OL11 2AD
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 2753079
ACCOUNTANTS
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

GT Control & Design Ltd

UNAUDITED FINANCIAL STATEMENTS
FOR THEYEARENDED31/10/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

GT Control & Design Ltd

BALANCE SHEET AT 31/10/2023
20232022
Notes££
FIXED ASSETS
Tangible assets4229290
CURRENT ASSETS
Debtors57,94610,676
Cash at bank and in hand25,27821,142
33,22431,818
CREDITORS: Amounts falling due within one year625,64327,459
NET CURRENT ASSETS7,5814,359
TOTAL ASSETS LESS CURRENT LIABILITIES7,8104,649
PROVISIONS FOR LIABILITIES AND CHARGES74455
NET ASSETS7,7664,594
CAPITAL AND RESERVES
Called up share capital822
Profit and loss account7,7644,592
SHAREHOLDERS' FUNDS7,7664,594
For the year ending 31/10/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 08/07/2024 and signed on their behalf by
.............................
Mr G Taylor
Director

GT Control & Design Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
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 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1c. IntangibleAssets
Patents are capitalised as an asset in the balance sheet and amortised over the life of the patent which is expected to be 10 years on a straight line basis.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. 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 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.
1e. 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.
1f. Turnover
Turnover represents the invoiced value of services supplied by the company, net of value added tax.

GT Control & Design Ltd

2. EMPLOYEES
20232022
No.No.
Average number of employees22
3. INTANGIBLE FIXED ASSETS
PatentsTotal
££
Cost
At 01/11/20222,8882,888
At 31/10/20232,8882,888
Depreciation
At 01/11/20222,8882,888
At 31/10/20232,8882,888
Net Book Amounts
At 31/10/2023--
4. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/11/20226,4403,0459,485
At 31/10/20236,4403,0459,485
Depreciation
At 01/11/20226,3202,8759,195
For the year184361
At 31/10/20236,3382,9189,256
Net Book Amounts
At 31/10/2023102127229
At 31/10/2022120170290

GT Control & Design Ltd

5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors1,0303,828
Prepayments1,3631,425
Directors current account5,5535,423
7,94610,676
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax1,1141,763
VAT-2,456
PAYE control22,67022,609
Pension control account1,200-
Accruals659631
25,64327,459
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation4455
4455
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
9. CONTROLLING PARTY
The company was controlled during the year and the previous year by its officers by virtue of the fact that they own 100% of the company's issued share capital.