2023-04-012024-03-312024-03-31false05518445GAT DEVELOPMENTS (MIDLANDS) LIMITED2024-08-16iso4217:GBPxbrli:pure055184452023-04-01055184452024-03-31055184452023-04-012024-03-31055184452022-04-01055184452023-03-31055184452022-04-012023-03-3105518445bus:SmallEntities2023-04-012024-03-3105518445bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3105518445bus:FullAccounts2023-04-012024-03-3105518445bus:PrivateLimitedCompanyLtd2023-04-012024-03-3105518445core:WithinOneYear2024-03-3105518445core:AfterOneYear2024-03-3105518445core:WithinOneYear2023-03-3105518445core:AfterOneYear2023-03-3105518445core:ShareCapital2024-03-3105518445core:SharePremium2024-03-3105518445core:RevaluationReserve2024-03-3105518445core:OtherReservesSubtotal2024-03-3105518445core:RetainedEarningsAccumulatedLosses2024-03-3105518445core:ShareCapital2023-03-3105518445core:SharePremium2023-03-3105518445core:RevaluationReserve2023-03-3105518445core:OtherReservesSubtotal2023-03-3105518445core:RetainedEarningsAccumulatedLosses2023-03-3105518445core:LandBuildings2024-03-3105518445core:PlantMachinery2024-03-3105518445core:Vehicles2024-03-3105518445core:FurnitureFittings2024-03-3105518445core:OfficeEquipment2024-03-3105518445core:NetGoodwill2024-03-3105518445core:IntangibleAssetsOtherThanGoodwill2024-03-3105518445core:ListedExchangeTraded2024-03-3105518445core:UnlistedNon-exchangeTraded2024-03-3105518445core:LandBuildings2023-03-3105518445core:PlantMachinery2023-03-3105518445core:Vehicles2023-03-3105518445core:FurnitureFittings2023-03-3105518445core:OfficeEquipment2023-03-3105518445core:NetGoodwill2023-03-3105518445core:IntangibleAssetsOtherThanGoodwill2023-03-3105518445core:ListedExchangeTraded2023-03-3105518445core:UnlistedNon-exchangeTraded2023-03-3105518445core:LandBuildings2023-04-012024-03-3105518445core:PlantMachinery2023-04-012024-03-3105518445core:Vehicles2023-04-012024-03-3105518445core:FurnitureFittings2023-04-012024-03-3105518445core:OfficeEquipment2023-04-012024-03-3105518445core:NetGoodwill2023-04-012024-03-3105518445core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3105518445core:ListedExchangeTraded2023-04-012024-03-3105518445core:UnlistedNon-exchangeTraded2023-04-012024-03-3105518445core:MoreThanFiveYears2023-04-012024-03-3105518445core:Non-currentFinancialInstruments2024-03-3105518445core:Non-currentFinancialInstruments2023-03-3105518445dpl:CostSales2023-04-012024-03-3105518445dpl:DistributionCosts2023-04-012024-03-3105518445core:LandBuildings2023-04-012024-03-3105518445core:PlantMachinery2023-04-012024-03-3105518445core:Vehicles2023-04-012024-03-3105518445core:FurnitureFittings2023-04-012024-03-3105518445core:OfficeEquipment2023-04-012024-03-3105518445dpl:AdministrativeExpenses2023-04-012024-03-3105518445core:NetGoodwill2023-04-012024-03-3105518445core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3105518445dpl:GroupUndertakings2023-04-012024-03-3105518445dpl:ParticipatingInterests2023-04-012024-03-3105518445dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3105518445core:ListedExchangeTraded2023-04-012024-03-3105518445dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3105518445core:UnlistedNon-exchangeTraded2023-04-012024-03-3105518445dpl:CostSales2022-04-012023-03-3105518445dpl:DistributionCosts2022-04-012023-03-3105518445core:LandBuildings2022-04-012023-03-3105518445core:PlantMachinery2022-04-012023-03-3105518445core:Vehicles2022-04-012023-03-3105518445core:FurnitureFittings2022-04-012023-03-3105518445core:OfficeEquipment2022-04-012023-03-3105518445dpl:AdministrativeExpenses2022-04-012023-03-3105518445core:NetGoodwill2022-04-012023-03-3105518445core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3105518445dpl:GroupUndertakings2022-04-012023-03-3105518445dpl:ParticipatingInterests2022-04-012023-03-3105518445dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3105518445core:ListedExchangeTraded2022-04-012023-03-3105518445dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3105518445core:UnlistedNon-exchangeTraded2022-04-012023-03-3105518445core:NetGoodwill2024-03-3105518445core:IntangibleAssetsOtherThanGoodwill2024-03-3105518445core:LandBuildings2024-03-3105518445core:PlantMachinery2024-03-3105518445core:Vehicles2024-03-3105518445core:FurnitureFittings2024-03-3105518445core:OfficeEquipment2024-03-3105518445core:AfterOneYear2024-03-3105518445core:WithinOneYear2024-03-3105518445core:ListedExchangeTraded2024-03-3105518445core:UnlistedNon-exchangeTraded2024-03-3105518445core:ShareCapital2024-03-3105518445core:SharePremium2024-03-3105518445core:RevaluationReserve2024-03-3105518445core:OtherReservesSubtotal2024-03-3105518445core:RetainedEarningsAccumulatedLosses2024-03-3105518445core:NetGoodwill2023-03-3105518445core:IntangibleAssetsOtherThanGoodwill2023-03-3105518445core:LandBuildings2023-03-3105518445core:PlantMachinery2023-03-3105518445core:Vehicles2023-03-3105518445core:FurnitureFittings2023-03-3105518445core:OfficeEquipment2023-03-3105518445core:AfterOneYear2023-03-3105518445core:WithinOneYear2023-03-3105518445core:ListedExchangeTraded2023-03-3105518445core:UnlistedNon-exchangeTraded2023-03-3105518445core:ShareCapital2023-03-3105518445core:SharePremium2023-03-3105518445core:RevaluationReserve2023-03-3105518445core:OtherReservesSubtotal2023-03-3105518445core:RetainedEarningsAccumulatedLosses2023-03-3105518445core:NetGoodwill2022-04-0105518445core:IntangibleAssetsOtherThanGoodwill2022-04-0105518445core:LandBuildings2022-04-0105518445core:PlantMachinery2022-04-0105518445core:Vehicles2022-04-0105518445core:FurnitureFittings2022-04-0105518445core:OfficeEquipment2022-04-0105518445core:AfterOneYear2022-04-0105518445core:WithinOneYear2022-04-0105518445core:ListedExchangeTraded2022-04-0105518445core:UnlistedNon-exchangeTraded2022-04-0105518445core:ShareCapital2022-04-0105518445core:SharePremium2022-04-0105518445core:RevaluationReserve2022-04-0105518445core:OtherReservesSubtotal2022-04-0105518445core:RetainedEarningsAccumulatedLosses2022-04-0105518445core:AfterOneYear2023-04-012024-03-3105518445core:WithinOneYear2023-04-012024-03-3105518445core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3105518445core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3105518445core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3105518445core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3105518445core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3105518445core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3105518445core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3105518445core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3105518445core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3105518445core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3105518445core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3105518445core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3105518445core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3105518445core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3105518445core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3105518445core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3105518445core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3105518445core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3105518445core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3105518445core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3105518445core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3105518445core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3105518445core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3105518445core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3105518445core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3105518445core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3105518445core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3105518445bus:Director12023-04-012024-03-3105518445bus:Director22023-04-012024-03-3105518445core:FurnitureFittingsToolsEquipment2023-03-3105518445core:FurnitureFittingsToolsEquipment2024-03-3105518445core:FurnitureFittingsToolsEquipment2023-04-012024-03-31

GAT DEVELOPMENTS (MIDLANDS) LIMITED

Registered Number
05518445
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

GAT DEVELOPMENTS (MIDLANDS) LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

TOMALIN, Michael Herbert
TOMALIN, Susan Frances

Company Secretary

TOMALIN, Susan Frances

Registered Address

35-37 St. Leonards Road
Northampton
NN4 8DL

Registered Number

05518445 (England and Wales)
GAT DEVELOPMENTS (MIDLANDS) LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,8122,504
Investments432,44432,444
34,25634,948
Current assets
Stocks5-64,087
Debtors630,569266
Cash at bank and on hand938,654927,804
969,223992,157
Creditors amounts falling due within one year7(909)(913)
Net current assets (liabilities)968,314991,244
Total assets less current liabilities1,002,5701,026,192
Creditors amounts falling due after one year8(25,034)(33,155)
Provisions for liabilities9(304)(437)
Net assets977,232992,600
Capital and reserves
Called up share capital100100
Profit and loss account977,132992,500
Shareholders' funds977,232992,600
The financial statements were approved and authorised for issue by the Board of Directors on 16 August 2024, and are signed on its behalf by:
TOMALIN, Michael Herbert
Director
Registered Company No. 05518445
GAT DEVELOPMENTS (MIDLANDS) LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 April 2354,57520,0675,2223,27283,136
At 31 March 2454,57520,0675,2223,27283,136
Depreciation and impairment
At 01 April 2354,06018,7364,9052,93180,632
Charge for year17033310485692
At 31 March 2454,23019,0695,0093,01681,324
Net book value
At 31 March 243459982132561,812
At 31 March 235151,3313173412,504
4.Fixed asset investments

Loans to groups1

Total

££
Cost or valuation
At 01 April 2332,44432,444
At 31 March 2432,44432,444
Net book value
At 31 March 2432,44432,444
At 31 March 2332,44432,444

Notes

1Loans to group undertakings and participating interests
5.Stocks

2024

2023

££
Work in progress-64,087
Total-64,087
6.Debtors: amounts due within one year

2024

2023

££
Other debtors30,276-
Prepayments and accrued income293266
Total30,569266
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables918
Other creditors-245
Accrued liabilities and deferred income900650
Total909913
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts25,03433,155
Total25,03433,155
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)304437
Total304437