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REGISTERED NUMBER: 08718362 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2023 TO 30 DECEMBER 2023

FOR

GTP HOME IMPROVEMENTS LTD

GTP HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 08718362)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 30 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GTP HOME IMPROVEMENTS LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2023 TO 30 DECEMBER 2023







DIRECTOR: G A Page





REGISTERED OFFICE: 6-8 Freeman Street
Grimsby
South Humberside
DN32 7AA





BUSINESS ADDRESS: 130 Highfield Road
Willesborough
Ashford
Kent
TN24 0JU





REGISTERED NUMBER: 08718362 (England and Wales)





ACCOUNTANTS: Stonebridge Associates
Lambden House
Lambden Road
Pluckley
Kent
TN27 0RB

GTP HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 08718362)

BALANCE SHEET
30 DECEMBER 2023

30.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,178

CURRENT ASSETS
Stocks - 73,511
Debtors 5 11,281 6,442
Cash in hand - 1,575
11,281 81,528
CREDITORS
Amounts falling due within one year 6 72,578 55,493
NET CURRENT (LIABILITIES)/ASSETS (61,297 ) 26,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

(61,297

)

27,213

CREDITORS
Amounts falling due after more than one year 7 - (26,612 )

PROVISIONS FOR LIABILITIES 8 - (224 )
NET (LIABILITIES)/ASSETS (61,297 ) 377

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (61,397 ) 277
SHAREHOLDERS' FUNDS (61,297 ) 377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GTP HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 08718362)

BALANCE SHEET - continued
30 DECEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2024 and were signed by:





G A Page - Director


GTP HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 08718362)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 30 DECEMBER 2023


1. STATUTORY INFORMATION

GTP Home Improvements Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

GTP HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 08718362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
During the period the company incurred a loss of £61,674 (2012: £48,111 profit) and at the balance sheet date had net liabilities of £61,297 (2022: £377 net assets). These financial statements have been prepared on a going concern basis which assumes continuing support from the company director and creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 13,764
Disposals (13,764 )
At 30 December 2023 -
DEPRECIATION
At 1 January 2023 12,586
Eliminated on disposal (12,586 )
At 30 December 2023 -
NET BOOK VALUE
At 30 December 2023 -
At 31 December 2022 1,178

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 31.12.22
£    £   
Trade debtors - 825
Other debtors 11,281 5,617
11,281 6,442

GTP HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 08718362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 31.12.22
£    £   
Bank loans and overdrafts 33,799 16,175
Trade creditors - 10,534
Taxation and social security - 26,176
Other creditors 38,779 2,608
72,578 55,493

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.12.23 31.12.22
£    £   
Bank loans - 26,612

8. PROVISIONS FOR LIABILITIES
30.12.23 31.12.22
£    £   
Deferred tax - 224

Deferred
tax
£   
Balance at 1 January 2023 224
Provided during period (224 )
Balance at 30 December 2023 -

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 December 2023 and the year ended 31 December 2022:

30.12.23 31.12.22
£    £   
G A Page
Balance outstanding at start of period 5,617 27,542
Amounts advanced - 5,617
Amounts repaid (5,617 ) (27,542 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 5,617

10. RELATED PARTY DISCLOSURES

Mr G A Page - Director and Shareholder

At the balance sheet date GTP Home Improvements Ltd owed Mr Page £38,779 (2022 - Mr Page owed the company £5,617).

GTP HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 08718362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 DECEMBER 2023


11. ULTIMATE CONTROLLING PARTY

The controlling party is G A Page.