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Company Registration No. 12065876 (England and Wales)
GIETO GROUP LTD Filleted Accounts for the year ended 30 June 2024
GIETO GROUP LTD Filleted Accounts Contents
Page
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GIETO GROUP LTD Company Information for the year ended 30 June 2024
Director
Giedrius Zdramys
Company Number
12065876 (England and Wales)
Registered Office
2 Provident Place Empson Road Peterborough PE1 5UU
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GIETO GROUP LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,335 
2,455 
Current assets
Inventories
- 
35,630 
Debtors
- 
682 
Cash at bank and in hand
404,406 
519,383 
404,406 
555,695 
Creditors: amounts falling due within one year
(354,146)
(469,802)
Net current assets
50,260 
85,893 
Total assets less current liabilities
51,595 
88,348 
Creditors: amounts falling due after more than one year
(16,465)
(27,082)
Net assets
35,130 
61,266 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
35,129 
61,265 
Shareholders' funds
35,130 
61,266 
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 21 August 2024 and were signed on its behalf by
Giedrius Zdramys Director Company Registration No. 12065876
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GIETO GROUP LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
GIETO GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 12065876. The registered office is 2 Provident Place, Empson Road, Peterborough, PE1 5UU.
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:
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
4,515 
1,083 
5,598 
At 30 June 2024
4,515 
1,083 
5,598 
Depreciation
At 1 July 2023
2,709 
434 
3,143 
Charge for the year
903 
217 
1,120 
At 30 June 2024
3,612 
651 
4,263 
Net book value
At 30 June 2024
903 
432 
1,335 
At 30 June 2023
1,806 
649 
2,455 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
682 
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GIETO GROUP LTD Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
76,084 
95,976 
Trade creditors
138,434 
267,820 
Taxes and social security
12,607 
9,469 
Other creditors
- 
4,830 
Loans from directors
127,021 
91,707 
354,146 
469,802 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,465 
27,082 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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