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REGISTERED NUMBER: 07009776










Unaudited Financial Statements

for the Year Ended 31 January 2024

for

G & T DOOR ACCESS SOLUTIONS LTD

G & T DOOR ACCESS SOLUTIONS LTD (REGISTERED NUMBER: 07009776)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


G & T DOOR ACCESS SOLUTIONS LTD

Company Information
for the Year Ended 31 January 2024







DIRECTORS: G P Magee
T Fern





REGISTERED OFFICE: Unit 14
Palmerston Business Park
Palmerston Drive
Fareham
Hampshire
PO14 1DJ





REGISTERED NUMBER: 07009776





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

G & T DOOR ACCESS SOLUTIONS LTD (REGISTERED NUMBER: 07009776)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 106,380 58,898

CURRENT ASSETS
Stocks 24,240 38,250
Debtors 5 179,256 156,525
Cash at bank and in hand 57,508 29,029
261,004 223,804
CREDITORS
Amounts falling due within one year 6 214,775 163,902
NET CURRENT ASSETS 46,229 59,902
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,609

118,800

CREDITORS
Amounts falling due after more than one
year

7

99,631

67,685
NET ASSETS 52,978 51,115

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 8 51,878 50,015
SHAREHOLDERS' FUNDS 52,978 51,115

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

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

G & T DOOR ACCESS SOLUTIONS LTD (REGISTERED NUMBER: 07009776)

Statement of Financial Position - continued
31 January 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:




T Fern - Director



G P Magee - Director


G & T DOOR ACCESS SOLUTIONS LTD (REGISTERED NUMBER: 07009776)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

G & T Door Access Solutions Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

G & T DOOR ACCESS SOLUTIONS LTD (REGISTERED NUMBER: 07009776)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 16,878 90,593 107,471
Additions - 78,725 78,725
At 31 January 2024 16,878 169,318 186,196
DEPRECIATION
At 1 February 2023 3,376 45,197 48,573
Charge for year 3,375 27,868 31,243
At 31 January 2024 6,751 73,065 79,816
NET BOOK VALUE
At 31 January 2024 10,127 96,253 106,380
At 31 January 2023 13,502 45,396 58,898

G & T DOOR ACCESS SOLUTIONS LTD (REGISTERED NUMBER: 07009776)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023 46,316
Additions 75,429
At 31 January 2024 121,745
DEPRECIATION
At 1 February 2023 10,341
Charge for year 22,147
At 31 January 2024 32,488
NET BOOK VALUE
At 31 January 2024 89,257
At 31 January 2023 35,975

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 137,889 109,149
Other debtors 41,367 47,376
179,256 156,525

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Finance leases 27,126 12,040
Trade creditors 82,966 70,733
Taxation and social security 97,679 68,020
Other creditors 7,004 13,109
214,775 163,902

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 37,500 43,750
Finance leases 62,131 23,935
99,631 67,685

G & T DOOR ACCESS SOLUTIONS LTD (REGISTERED NUMBER: 07009776)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. RESERVES
Retained
earnings
£   

At 1 February 2023 50,015
Profit for the year 241,254
Dividends (239,391 )
At 31 January 2024 51,878

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.1.24 31.1.23
£    £   
T Fern
Balance outstanding at start of year 20,739 20,638
Amounts advanced 315 23,966
Amounts repaid (6,044 ) (23,865 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,010 20,739

G P Magee
Balance outstanding at start of year 17,424 18,115
Amounts advanced 1,323 21,134
Amounts repaid (5,782 ) (21,825 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,965 17,424

The Director's loans are repayable on demand.