Company Registration No. 10528733 (England and Wales)
GT Prospect LTD
Unaudited accounts
for the year ended 31 December 2023
GT Prospect LTD
Unaudited accounts
Contents
GT Prospect LTD
Company Information
for the year ended 31 December 2023
Company Number
10528733 (England and Wales)
GT Prospect LTD
Statement of financial position
as at 31 December 2023
Tangible assets
1,061,733
11,891
Inventories
509,550
175,381
Cash at bank and in hand
84,245
33,027
Creditors: amounts falling due within one year
(2,282,157)
(268,578)
Net current liabilities
(1,643,296)
(48,305)
Total assets less current liabilities
(581,563)
(36,414)
Creditors: amounts falling due after more than one year
(4,413)
-
Net liabilities
(585,976)
(36,414)
Called up share capital
18,137
18,137
Profit and loss account
(604,113)
(54,551)
Shareholders' funds
(585,976)
(36,414)
For the year ending 31 December 2023 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 19 September 2024 and were signed on its behalf by
Gzik Miroslaw
Director
Company Registration No. 10528733
GT Prospect LTD
Notes to the Accounts
for the year ended 31 December 2023
GT Prospect LTD is a private company, limited by shares, registered in England and Wales, registration number 10528733.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2023
-
5,000
11,995
3,743
5,718
26,456
Additions
1,061,525
33,971
-
13,186
4,591
1,113,273
At 31 December 2023
1,061,525
38,971
11,995
16,929
10,309
1,139,729
At 1 January 2023
-
5,000
2,999
2,276
4,290
14,565
Charge for the year
45,132
8,493
2,999
4,231
2,576
63,431
At 31 December 2023
45,132
13,493
5,998
6,507
6,866
77,996
At 31 December 2023
1,016,393
25,478
5,997
10,422
3,443
1,061,733
At 31 December 2022
-
-
8,996
1,467
1,428
11,891
Amounts falling due within one year
Trade debtors
9,973
11,865
Amounts falling due after more than one year
Accrued income and prepayments
25,750
-
GT Prospect LTD
Notes to the Accounts
for the year ended 31 December 2023
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,152,399
231,392
Taxes and social security
12,462
3,705
Other creditors
1,063,595
523
Loans from directors
-
5,364
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
4,361
-
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).