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REGISTERED NUMBER: 06701228 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

G.K. Lettings (Ross-on-Wye) Limited

G.K. Lettings (Ross-on-Wye) Limited (Registered number: 06701228)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G.K. Lettings (Ross-on-Wye) Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: G R Peates





REGISTERED OFFICE: 21 Highnam Business Centre
Highnam
Gloucester
Gloucestershire
GL28DN





REGISTERED NUMBER: 06701228 (England and Wales)





ACCOUNTANTS: Knights
2A Lighthouse Trade Park
Lydney
21 Highnam Business Centre
Highnam
Gloucestershire
GL2 8DN

G.K. Lettings (Ross-on-Wye) Limited (Registered number: 06701228)

BALANCE SHEET
30 SEPTEMBER 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 15,443

CURRENT ASSETS
Stocks 498,367
Debtors 5 218
Cash at bank 220,372
718,957
CREDITORS
Amounts falling due within one year 6 173,247
NET CURRENT ASSETS 545,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

561,153

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 561,053
561,153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 2 August 2024 and were signed by:





G R Peates - Director


G.K. Lettings (Ross-on-Wye) Limited (Registered number: 06701228)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

G.K. Lettings (Ross-on-Wye) 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 and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

G.K. Lettings (Ross-on-Wye) Limited (Registered number: 06701228)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 30,705 4,552 68,300 795 104,352
Additions - 2,055 - - 2,055
At 30 September 2023 30,705 6,607 68,300 795 106,407
DEPRECIATION
At 1 October 2022 24,565 328 61,896 748 87,537
Charge for year 921 858 1,601 47 3,427
At 30 September 2023 25,486 1,186 63,497 795 90,964
NET BOOK VALUE
At 30 September 2023 5,219 5,421 4,803 - 15,443
At 30 September 2022 6,140 4,224 6,404 47 16,815

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 218

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 2,470
Taxation and social security 105
Other creditors 170,672
173,247