Company Registration No. 9532043 (England and Wales)
G T I Glazing Limited
Unaudited accounts
for the year ended 30 April 2024
G T I Glazing Limited
Unaudited accounts
Contents
G T I Glazing Limited
Company Information
for the year ended 30 April 2024
Directors
George Toader
George Toader
Company Number
9532043 (England and Wales)
Registered Office
10 VALLEY GREEN
HEMEL HEMPSTEAD
HERTFORDSHIRE
HP2 7RE
UNITED KINGDOM
Accountants
CMA Group Limited
Maylands Business Centre
Redbourn Road
Hemel Hempstead
England
HP2 7ES
G T I Glazing Limited
Statement of financial position
as at 30 April 2024
Tangible assets
7,349
17,512
Cash at bank and in hand
25,170
17,044
Creditors: amounts falling due within one year
(29,096)
(33,193)
Net current liabilities
(3,926)
(16,149)
Called up share capital
1
1
Profit and loss account
3,422
1,362
Shareholders' funds
3,423
1,363
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 26 June 2024 and were signed on its behalf by
George Toader
Director
Company Registration No. 9532043
G T I Glazing Limited
Notes to the Accounts
for the year ended 30 April 2024
G T I Glazing Limited is a private company, limited by shares, registered in England and Wales, registration number 9532043. The registered office is 10 VALLEY GREEN, HEMEL HEMPSTEAD, HERTFORDSHIRE, HP2 7RE, UNITED KINGDOM.
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:
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
40,649
1,080
41,729
At 30 April 2024
40,649
1,080
41,729
At 1 May 2023
23,137
1,080
24,217
Charge for the year
10,163
-
10,163
At 30 April 2024
33,300
1,080
34,380
At 30 April 2024
7,349
-
7,349
At 30 April 2023
17,512
-
17,512
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
13,245
17,846
Trade creditors
9,456
5,347
Taxes and social security
803
-
Loans from directors
5,592
10,000
G T I Glazing Limited
Notes to the Accounts
for the year ended 30 April 2024
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).