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Company Registration No. 12936825 (England and Wales)
GTB STORES LTD Unaudited accounts for the period from 1 November 2022 to 30 October 2023
GTB STORES LTD Unaudited accounts Contents
Page
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GTB STORES LTD Company Information for the period from 1 November 2022 to 30 October 2023
Director
SUKHDEEP SINGH
Company Number
12936825 (England and Wales)
Registered Office
26-32 SCOTLAND HALL ROAD MANCHESTER MANCHESTER M40 2UE ENGLAND
Accountants
BHM & CO 8E SPAINES ROAD HUDDERSFIELD HD2 2QA
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GTB STORES LTD Statement of financial position as at 30 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
120,000 
120,000 
Tangible assets
45,236 
24,000 
165,236 
144,000 
Current assets
Inventories
52,225 
50,850 
Debtors
733 
1,191 
Cash at bank and in hand
25,959 
5,383 
78,917 
57,424 
Creditors: amounts falling due within one year
(221,185)
(197,750)
Net current liabilities
(142,268)
(140,326)
Total assets less current liabilities
22,968 
3,674 
Creditors: amounts falling due after more than one year
(12,148)
(1,951)
Net assets
10,820 
1,723 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
10,818 
1,721 
Shareholders' funds
10,820 
1,723 
For the period ending 30 October 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 20 October 2024 and were signed on its behalf by
SUKHDEEP SINGH Director Company Registration No. 12936825
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GTB STORES LTD Notes to the Accounts for the period from 1 November 2022 to 30 October 2023
1
Statutory information
GTB STORES LTD is a private company, limited by shares, registered in England and Wales, registration number 12936825. The registered office is 26-32 SCOTLAND HALL ROAD, MANCHESTER, MANCHESTER, M40 2UE, ENGLAND.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
20%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2022
120,000 
At 30 October 2023
120,000 
Amortisation
At 1 November 2022
- 
At 30 October 2023
- 
Net book value
At 30 October 2023
120,000 
At 31 October 2022
120,000 
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GTB STORES LTD Notes to the Accounts for the period from 1 November 2022 to 30 October 2023
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2022
30,000 
Additions
32,545 
At 30 October 2023
62,545 
Depreciation
At 1 November 2022
6,000 
Charge for the period
11,309 
At 30 October 2023
17,309 
Net book value
At 30 October 2023
45,236 
At 31 October 2022
24,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
869 
Trade debtors
733 
322 
733 
1,191 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
37,109 
- 
Trade creditors
2,576 
1,250 
Loans from directors
181,500 
196,500 
221,185 
197,750 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
6,489 
- 
Taxes and social security
4,159 
701 
Accruals
1,500 
1,250 
12,148 
1,951 
9
Average number of employees
During the period the average number of employees was 3 (2022: 3).
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