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Company Registration No. 9614582 (England and Wales)
GAP INTERNALS LTD Unaudited accounts for the year ended 31 May 2024
GAP INTERNALS LTD Unaudited accounts Contents
Page
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GAP INTERNALS LTD Company Information for the year ended 31 May 2024
Directors
Geraint James Evans Paul David Evans Anthony David Kemble
Company Number
9614582 (England and Wales)
Registered Office
1 THE OAKS CWMDARE ABERDARE CF44 8BZ WALES
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GAP INTERNALS LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,491 
2,394 
Investments
258,250 
258,250 
271,741 
260,644 
Current assets
Debtors
115,626 
90,207 
Cash at bank and in hand
111,737 
183,209 
227,363 
273,416 
Creditors: amounts falling due within one year
(42,866)
(51,022)
Net current assets
184,497 
222,394 
Total assets less current liabilities
456,238 
483,038 
Creditors: amounts falling due after more than one year
(10,044)
(1,124)
Provisions for liabilities
Deferred tax
(2,563)
- 
Net assets
443,631 
481,914 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
443,628 
481,911 
Shareholders' funds
443,631 
481,914 
For the year ending 31 May 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 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 9 August 2024 and were signed on its behalf by
Paul David Evans Director Company Registration No. 9614582
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GAP INTERNALS LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
GAP INTERNALS LTD is a private company, limited by shares, registered in England and Wales, registration number 9614582. The registered office is 1 THE OAKS, CWMDARE, ABERDARE, CF44 8BZ, WALES.
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
25% SL
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 June 2023
28,038 
Additions
17,990 
At 31 May 2024
46,028 
Depreciation
At 1 June 2023
25,644 
Charge for the year
6,893 
At 31 May 2024
32,537 
Net book value
At 31 May 2024
13,491 
At 31 May 2023
2,394 
5
Investments
Other investments 
£ 
Valuation at 1 June 2023
258,250 
Valuation at 31 May 2024
258,250 
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GAP INTERNALS LTD Notes to the Accounts for the year ended 31 May 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
834 
1,073 
Trade debtors
- 
17,560 
Other debtors
114,792 
71,574 
115,626 
90,207 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
3,238 
2,250 
Trade creditors
2,296 
5,908 
Taxes and social security
29,901 
36,964 
Other creditors
2,589 
2,597 
Loans from directors
3,782 
2,303 
Accruals
1,060 
1,000 
42,866 
51,022 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
10,044 
1,124 
9
Average number of employees
During the year the average number of employees was 5 (2023: 7).
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