Registered number
04222489
GCS (UK) Limited
Filleted Accounts
31 March 2024
GCS (UK) Limited
Registered number: 04222489
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 198,943 160,340
Current assets
Stocks 12,000 12,000
Debtors 5 295,528 119,587
Cash at bank and in hand 61,675 121,065
369,203 252,652
Creditors: amounts falling due within one year 6 (198,047) (109,591)
Net current assets 171,156 143,061
Total assets less current liabilities 370,099 303,401
Creditors: amounts falling due after more than one year 7 (68,442) (50,481)
Provisions for liabilities - deferred tax (37,926) (36,824)
Net assets 263,731 216,096
Capital and reserves
Called up share capital 100 100
Profit and loss account 263,631 215,996
Shareholder's funds 263,731 216,096
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Southgate
Director
Approved by the board on 12 July 2024
GCS (UK) Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% per annum reducing balance basis
Computers and Office Equipment 20% per annum reducing balance basis
Motor vehicles 20% per annum reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 17 21
3 Intangible fixed assets £
Goodwill and other Intangible Assets
Cost
At 1 April 2023 53,900
At 31 March 2024 53,900
Amortisation
At 1 April 2023 53,900
At 31 March 2024 53,900
Net book value
At 31 March 2024 -
Goodwill has been written off in full. It originally cost £30,000.

Franchise Fees and Licences have been written off in full. The original cost was £23,900.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 35,369 252,377 287,746
Additions 673 139,552 140,225
Disposals - (99,012) (99,012)
At 31 March 2024 36,042 292,917 328,959
Depreciation
At 1 April 2023 30,110 97,296 127,406
Charge for the year 1,187 48,550 49,737
On disposals - (47,127) (47,127)
At 31 March 2024 31,297 98,719 130,016
Net book value
At 31 March 2024 4,745 194,198 198,943
At 31 March 2023 5,259 155,081 160,340
5 Debtors 2024 2023
£ £
Trade debtors 269,575 113,338
Other debtors 25,953 6,249
295,528 119,587
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 40,354 31,089
Trade creditors 63,302 18,009
Corporation tax 30,616 6,141
Other taxes and social security costs 57,726 47,032
Directors loan accounts 2,602 3,520
Other creditors 3,447 3,800
198,047 109,591
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 68,442 50,481
8 Controlling party
The Company in controlled by G Southgate by virtue of his ownership of 100% of the issued Ordinary Share Capital in the Company.
9 Other information
GCS (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
101 London Road
Stanway
Colchester
Essex
CO3 0NY
GCS (UK) Limited 04222489 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 G Southgate No description of principal activity 04222489 2022-04-01 2023-03-31 04222489 core:WithinOneYear 2023-03-31 04222489 core:AfterOneYear 2023-03-31 04222489 core:ShareCapital 2023-03-31 04222489 core:RetainedEarningsAccumulatedLosses 2023-03-31 04222489 2023-04-01 2024-03-31 04222489 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04222489 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04222489 bus:Director40 2023-04-01 2024-03-31 04222489 1 2023-04-01 2024-03-31 04222489 2 2023-04-01 2024-03-31 04222489 core:PlantMachinery 2023-04-01 2024-03-31 04222489 core:Vehicles 2023-04-01 2024-03-31 04222489 countries:England 2023-04-01 2024-03-31 04222489 bus:FRS102 2023-04-01 2024-03-31 04222489 bus:FilletedAccounts 2023-04-01 2024-03-31 04222489 2024-03-31 04222489 core:WithinOneYear 2024-03-31 04222489 core:AfterOneYear 2024-03-31 04222489 core:ShareCapital 2024-03-31 04222489 core:RetainedEarningsAccumulatedLosses 2024-03-31 04222489 core:Goodwill 2024-03-31 04222489 core:PlantMachinery 2024-03-31 04222489 core:Vehicles 2024-03-31 04222489 2023-03-31 04222489 core:Goodwill 2023-03-31 04222489 core:PlantMachinery 2023-03-31 04222489 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure