Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsefalsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.5No description of principal activity2022-10-03true 14394476 2022-10-02 14394476 2022-10-03 2024-03-31 14394476 2021-11-25 2022-10-02 14394476 2024-03-31 14394476 c:Director1 2022-10-03 2024-03-31 14394476 d:MotorVehicles 2022-10-03 2024-03-31 14394476 d:MotorVehicles 2024-03-31 14394476 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-03 2024-03-31 14394476 d:ComputerEquipment 2022-10-03 2024-03-31 14394476 d:ComputerEquipment 2024-03-31 14394476 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-10-03 2024-03-31 14394476 d:OwnedOrFreeholdAssets 2022-10-03 2024-03-31 14394476 d:CurrentFinancialInstruments 2024-03-31 14394476 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14394476 d:ShareCapital 2024-03-31 14394476 d:RetainedEarningsAccumulatedLosses 2024-03-31 14394476 c:FRS102 2022-10-03 2024-03-31 14394476 c:AuditExempt-NoAccountantsReport 2022-10-03 2024-03-31 14394476 c:FullAccounts 2022-10-03 2024-03-31 14394476 c:PrivateLimitedCompanyLtd 2022-10-03 2024-03-31 14394476 e:PoundSterling 2022-10-03 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 14394476









GK PROJECTS (UK) LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
GK PROJECTS (UK) LTD
REGISTERED NUMBER: 14394476

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Tangible assets
 3 
2,143

  
2,143

Current assets
  

Stocks
  
12,894

Debtors: amounts falling due within one year
 4 
45,500

Cash at bank and in hand
 5 
51,327

  
109,721

Creditors: amounts falling due within one year
 6 
(93,019)

Net current assets
  
 
 
16,702

Total assets less current liabilities
  
18,845

  

Net assets
  
18,845


Capital and reserves
  

Called up share capital 
  
300

Profit and loss account
  
18,545

  
18,845


Page 1

 
GK PROJECTS (UK) LTD
REGISTERED NUMBER: 14394476
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Aniko Garai
Director

Date: 1 August 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GK PROJECTS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

GK Projects (UK) Ltd is a private company limited by shares. The company is incorporated in England and Wales and its trading address is Aston House, Cornwall Avenue, London, United Kingdom, N3 1LF. The registered number is 14394476. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
GK PROJECTS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
Reducing balance basis
Computer equipment
-
33%
Reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
GK PROJECTS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
GK PROJECTS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


Additions
2,600
646
3,246



At 31 March 2024

2,600
646
3,246



Depreciation


Charge for the period on owned assets
780
323
1,103



At 31 March 2024

780
323
1,103



Net book value



At 31 March 2024
1,820
323
2,143

Page 6

 
GK PROJECTS (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Debtors

2024
£


Trade debtors
45,500

45,500



5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
51,327

51,327



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
31,372

Corporation tax
24,132

Other taxation and social security
18,918

Other creditors
18,597

93,019



7.


Pension commitments

The company operates a defined contribution pension scheme. The pension cost charge for the year
represents contributions payable by the company to the scheme amounted to £819.

 
Page 7