Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falseNo description of principal activity11true 11870165 2023-01-01 2023-12-31 11870165 2022-01-01 2022-12-31 11870165 2023-12-31 11870165 2022-12-31 11870165 c:Director1 2023-01-01 2023-12-31 11870165 d:CurrentFinancialInstruments 2023-12-31 11870165 d:CurrentFinancialInstruments 2022-12-31 11870165 d:Non-currentFinancialInstruments 2023-12-31 11870165 d:Non-currentFinancialInstruments 2022-12-31 11870165 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11870165 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11870165 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11870165 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11870165 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 11870165 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 11870165 d:ShareCapital 2023-12-31 11870165 d:ShareCapital 2022-12-31 11870165 c:FRS102 2023-01-01 2023-12-31 11870165 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11870165 c:FullAccounts 2023-01-01 2023-12-31 11870165 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11870165 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 11870165









G-TEX HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
G-TEX HOLDINGS LIMITED
REGISTERED NUMBER: 11870165

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
45,230
45,230

Current assets
  

Cash at bank and in hand
 5 
491
575

  
491
575

Creditors: amounts falling due within one year
 6 
(44,721)
(33,696)

Net current liabilities
  
 
 
(44,230)
 
 
(33,121)

Total assets less current liabilities
  
1,000
12,109

Creditors: amounts falling due after more than one year
 7 
-
(11,109)

  

Net assets
  
1,000
1,000


Capital and reserves
  

Called up share capital 
  
1,000
1,000

  
1,000
1,000


Page 1

 
G-TEX HOLDINGS LIMITED
REGISTERED NUMBER: 11870165
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J S Gilligan
Director

Date: 1 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
G-TEX HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

G-Tex Holdings Limited (the company) is a limited liability company incorporated and domiciled in the United Kingdom. 
The address of its registered office is:
Unit 1 Bagley Industrial Park
Railwharf Sidings
Dudley
West Midlands
DY2 9DY
The financial statements are prepared in Sterling (£) which is the functional currency of the company. The financial statements are for the year ended 31 December 2023 (2022: year ended 31 December 2022).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Revenue

Revenue relates to management charges to the subsidiary company and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
G-TEX HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
45,230



At 31 December 2023
45,230




The investment represents a 100% holding in G-Tex Stainless Limited, a company registered in England & Wales.

Page 4

 
G-TEX HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
491
575



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
11,668
13,795

Amounts owed to group undertakings
31,785
18,080

Other creditors
518
1,071

Accruals and deferred income
750
750

44,721
33,696



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
11,109


The following liabilities were secured:

2023
2022
£
£



Bank loan
11,668
24,904

11,668
24,904

Details of security provided:

The funding loan is secured by a first legal charge over all assets of the company, together with a floating charge over company assets.

Page 5

 
G-TEX HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year
11,668
13,795

Amounts falling due 1-2 years
-
11,109

11,668
24,904


 
Page 6