Company registration number 03961704 (England and Wales)
GETTA LITHO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
GETTA LITHO LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
GETTA LITHO LIMITED (REGISTERED NUMBER: 03961704)
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
15,940
18,048
Investment property
4
1,750,000
1,750,000
1,765,940
1,768,048
Current assets
Debtors
5
130,666
125,826
Cash at bank and in hand
181,351
153,778
312,017
279,604
Creditors: amounts falling due within one year
6
(12,744)
(11,481)
Net current assets
299,273
268,123
Total assets less current liabilities
2,065,213
2,036,171
Provisions for liabilities
(193,148)
(152,674)
Net assets
1,872,065
1,883,497
Capital and reserves
Called up share capital
102
102
Non-distributable profits reserve
7
1,004,311
1,004,311
Distributable profit and loss reserves
867,652
879,084
Total equity
1,872,065
1,883,497

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

GETTA LITHO LIMITED (REGISTERED NUMBER: 03961704)
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 9 October 2024 and are signed on its behalf by:
Mr A Flack
Director
GETTA LITHO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Getta Litho Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents rental income.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
10% on reducing balance
Fixtures, fittings & equipment
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment property

Investment property, which is property held to earn rentals and for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

GETTA LITHO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
Cost
At 1 April 2023
129,858
15,484
145,342
Disposals
-
0
(5,920)
(5,920)
At 31 March 2024
129,858
9,564
139,422
Depreciation and impairment
At 1 April 2023
112,166
15,128
127,294
Depreciation charged in the year
1,769
6
1,775
Eliminated in respect of disposals
-
0
(5,587)
(5,587)
At 31 March 2024
113,935
9,547
123,482
Carrying amount
At 31 March 2024
15,923
17
15,940
At 31 March 2023
17,692
356
18,048
GETTA LITHO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
4
Investment property
2024
£
Fair value
At 1 April 2023 and 31 March 2024
1,750,000

Investment property comprises of a commercial property. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors.

5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
11,702
4,080
Other debtors
118,964
115,244
130,666
119,324
2024
2023
Amounts falling due after more than one year:
£
£
Deferred tax asset
-
0
6,502
Total debtors
130,666
125,826
6
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
10,593
8,886
Other creditors
2,151
2,595
12,744
11,481
7
Non-distributable profits reserve
2024
2023
£
£
At the beginning and end of the year
1,004,311
1,004,311
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