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REGISTERED NUMBER: 04157490 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 January 2024

for

GT Refrigeration Limited

GT Refrigeration Limited (Registered number: 04157490)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GT Refrigeration Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: G N Bishopp
Mrs S J Bishopp





SECRETARY: Mrs S J Bishopp





REGISTERED OFFICE: 26 Worrall Way
Lower Earley
Reading
Berkshire
RG6 4AW





REGISTERED NUMBER: 04157490 (England and Wales)





ACCOUNTANTS: Nichols & Co ( Accountancy ) Limited
Chartered Accountants
Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR

GT Refrigeration Limited (Registered number: 04157490)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £ £
FIXED ASSETS
Tangible assets 4 31,536 6,758

CURRENT ASSETS
Stocks 28,981 2,823
Debtors 5 52,621 82,535
Cash at bank 636,415 548,287
718,017 633,645
CREDITORS
Amounts falling due within one year 6 (167,230 ) (138,252 )
NET CURRENT ASSETS 550,787 495,393
TOTAL ASSETS LESS CURRENT
LIABILITIES

582,323

502,151

PROVISIONS FOR LIABILITIES (974 ) (625 )
NET ASSETS 581,349 501,526

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 581,249 501,426
SHAREHOLDERS' FUNDS 581,349 501,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GT Refrigeration Limited (Registered number: 04157490)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by:





G N Bishopp - Director


GT Refrigeration Limited (Registered number: 04157490)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

GT Refrigeration 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 etc - 25% on reducing balance

STOCKS
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

GT Refrigeration Limited (Registered number: 04157490)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 February 2023 86,999
Additions 35,613
Disposals (14,334 )
At 31 January 2024 108,278
DEPRECIATION
At 1 February 2023 80,241
Charge for year 9,759
Eliminated on disposal (13,258 )
At 31 January 2024 76,742
NET BOOK VALUE
At 31 January 2024 31,536
At 31 January 2023 6,758

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Trade debtors 52,361 82,279
Other debtors 260 256
52,621 82,535

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Trade creditors 12,466 16,867
Taxation and social security 95,265 59,429
Other creditors 59,499 61,956
167,230 138,252

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £ £
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £55,826 (2023: £58,693) due to G N Bishopp and S J Bishopp, directors of the company. The loan is interest free and repayable on demand.

During the year, dividends amounting to £55,000 (2023: £30,000) were paid to the directors as ordinary shareholders of the company.

GT Refrigeration Limited (Registered number: 04157490)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.