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Company Registration No. 13778424 (England and Wales)
GATT HOLDINGS LTD Unaudited accounts for the year ended 31 December 2023
GATT HOLDINGS LTD Unaudited accounts Contents
Page
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GATT HOLDINGS LTD Company Information for the year ended 31 December 2023
Directors
James Griffin Neil Hatt
Company Number
13778424 (England and Wales)
Registered Office
1 Devon Way Birmingham B31 2TS England
Accountants
Cadre Advisory Ltd Embassy Offices, Stangate House Stanwell Road Penarth CF64 2AA
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GATT HOLDINGS LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
15,000 
20,000 
Tangible assets
668 
1,068 
15,668 
21,068 
Current assets
Debtors
74,481 
40,333 
Cash at bank and in hand
17,399 
24,456 
91,880 
64,789 
Creditors: amounts falling due within one year
(76,876)
(58,547)
Net current assets
15,004 
6,242 
Total assets less current liabilities
30,672 
27,310 
Creditors: amounts falling due after more than one year
(14,347)
(20,340)
Provisions for liabilities
Deferred tax
(127)
(164)
Net assets
16,198 
6,806 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
16,196 
6,804 
Shareholders' funds
16,198 
6,806 
For the year ending 31 December 2023 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 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 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 of Directors and authorised for issue on 8 July 2024 and were signed on its behalf by
James Griffin Director Company Registration No. 13778424
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GATT HOLDINGS LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
GATT HOLDINGS LTD is a private company, limited by shares, registered in England and Wales, registration number 13778424. The registered office is 1 Devon Way, Birmingham, B31 2TS, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Reducing Balance
Other tangible fixed assets
20% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Charges
Inexpress Limited holds fixed and floating charge and a negative pledge dated 31 January 2022 over Gatt Holdings Limited on all monies, obligations, liabilities which may be due to Inexpress Limited now and future (Charge code 137784240001).
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GATT HOLDINGS LTD Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
25,000 
At 31 December 2023
25,000 
Amortisation
At 1 January 2023
5,000 
Charge for the year
5,000 
At 31 December 2023
10,000 
Net book value
At 31 December 2023
15,000 
At 31 December 2022
20,000 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
482 
965 
1,447 
At 31 December 2023
482 
965 
1,447 
Depreciation
At 1 January 2023
172 
207 
379 
Charge for the year
159 
241 
400 
At 31 December 2023
331 
448 
779 
Net book value
At 31 December 2023
151 
517 
668 
At 31 December 2022
310 
758 
1,068 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
707 
959 
Trade debtors
71,525 
39,374 
Accrued income and prepayments
120 
- 
Other debtors
2,129 
- 
74,481 
40,333 
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GATT HOLDINGS LTD Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,994 
5,644 
Trade creditors
50,165 
24,317 
Taxes and social security
8,641 
2,584 
Other creditors
94 
- 
Loans from directors
11,982 
24,502 
Accruals
- 
1,500 
76,876 
58,547 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,347 
20,340 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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