IRIS Accounts Production v24.2.0.383 02807177 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false 850 2555 2555 850 850 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028071772023-03-31028071772024-03-31028071772023-04-012024-03-31028071772022-03-31028071772022-04-012023-03-31028071772023-03-3102807177ns15:EnglandWales2023-04-012024-03-3102807177ns14:PoundSterling2023-04-012024-03-3102807177ns10:Director12023-04-012024-03-3102807177ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102807177ns10:SmallEntities2023-04-012024-03-3102807177ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3102807177ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102807177ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102807177ns10:FullAccounts2023-04-012024-03-310280717742ns10:Director22023-03-310280717742ns10:Director22022-03-310280717742ns10:Director22022-04-012023-03-310280717742ns10:Director22023-03-3102807177ns10:Director22023-04-012024-03-3102807177ns10:CompanySecretary12023-04-012024-03-3102807177ns10:RegisteredOffice2023-04-012024-03-3102807177ns5:CurrentFinancialInstruments2024-03-3102807177ns5:CurrentFinancialInstruments2023-03-3102807177ns5:ShareCapital2024-03-3102807177ns5:ShareCapital2023-03-3102807177ns5:RetainedEarningsAccumulatedLosses2024-03-3102807177ns5:RetainedEarningsAccumulatedLosses2023-03-3102807177ns5:PlantMachinery2023-04-012024-03-3102807177ns5:PlantMachinery2023-03-3102807177ns5:PlantMachinery2024-03-3102807177ns5:PlantMachinery2023-03-31028071771ns10:Director12023-03-31028071771ns10:Director12022-03-31028071771ns10:Director12023-04-012024-03-31028071771ns10:Director12022-04-012023-03-31028071771ns10:Director12024-03-31028071771ns10:Director12023-03-31
REGISTERED NUMBER: 02807177 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31 March 2024

for

GTI Training Limited

GTI Training Limited (Registered number: 02807177)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GTI Training Limited

Company Information
For The Year Ended 31 March 2024







Directors: D Yule
Mrs J Sandford-Yule





Secretary: D Yule





Registered office: 18/22 Church Street
Malvern
Worcestershire
WR14 2AY





Registered number: 02807177 (England and Wales)





Accountants: Allan Brown ( A& T Services Ltd)
18/22 Church Street
Malvern
Worcestershire
WR14 2AY

GTI Training Limited (Registered number: 02807177)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 696 1,039

Current assets
Cash at bank 48,240 76,077

Creditors
Amounts falling due within one year 5 2,132 8,180
Net current assets 46,108 67,897
Total assets less current liabilities 46,804 68,936

Provisions for liabilities 197 197
Net assets 46,607 68,739

Capital and reserves
Called up share capital 100 100
Retained earnings 46,507 68,639
Shareholders' funds 46,607 68,739

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

GTI Training Limited (Registered number: 02807177)

Balance Sheet - continued
31 March 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 11 June 2024 and were signed on its behalf by:





D Yule - Director


GTI Training Limited (Registered number: 02807177)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

GTI Training 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 represents the value of goods and services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Where a contract has only been partially completed at the balance sheet date ,turnover represents the value of the service provided to date based on a proportion of the total expected proceeds at completion.
Where payments are received in advance from customers for services rendered ,the amounts are shown as deferred income and shown as part of creditors due within one year.

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

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.

GTI Training Limited (Registered number: 02807177)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 6,071
DEPRECIATION
At 1 April 2023 5,032
Charge for year 343
At 31 March 2024 5,375
NET BOOK VALUE
At 31 March 2024 696
At 31 March 2023 1,039

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors (158 ) 37
Taxation and social security - 5,853
Other creditors 2,290 2,290
2,132 8,180

GTI Training Limited (Registered number: 02807177)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
D Yule and Mrs J Sandford-Yule
Balance outstanding at start of year (850 ) (2,555 )
Amounts advanced - 2,555
Amounts repaid - (850 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (850 )