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Company Registration No. 11927087 (England and Wales)
GSR CARPETS AND FLOORING LIMITED accounts for the year ended 30 April 2024
GSR CARPETS AND FLOORING LIMITED accounts Contents
Page
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GSR CARPETS AND FLOORING LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,858 
21,756 
Current assets
Inventories
18,645 
6,426 
Debtors
600 
600 
Cash at bank and in hand
1,905 
3,024 
21,150 
10,050 
Creditors: amounts falling due within one year
(28,019)
(20,830)
Net current liabilities
(6,869)
(10,780)
Net assets
10,989 
10,976 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
10,889 
10,876 
Shareholders' funds
10,989 
10,976 
For the year ending 30 April 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 August 2024 and were signed on its behalf by
Gurpreet Singh Director Company Registration No. 11927087
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GSR CARPETS AND FLOORING LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
GSR CARPETS AND FLOORING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11927087. The registered office is 102 St. Hildas Way, Gravesend, DA12 4AY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 May 2023
43,749 
At 30 April 2024
43,749 
Depreciation
At 1 May 2023
21,993 
Charge for the year
3,898 
At 30 April 2024
25,891 
Net book value
At 30 April 2024
17,858 
At 30 April 2023
21,756 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
600 
600 
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GSR CARPETS AND FLOORING LIMITED Notes to the Accounts for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
690 
650 
Other creditors
991 
- 
Loans from directors
23,888 
18,530 
Accruals
2,450 
1,650 
28,019 
20,830 
7
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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