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REGISTERED NUMBER: 13510612 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

GTS Property Maintenance Ltd

GTS Property Maintenance Ltd (Registered number: 13510612)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

GTS Property Maintenance Ltd

Company Information
for the Year Ended 5 April 2024







DIRECTOR: Mr G T Smith





SECRETARY:





REGISTERED OFFICE: 9 Meadow Close
Sheepy Magna
Atherstone
Warwickshire
CV9 3RA





REGISTERED NUMBER: 13510612 (England and Wales)





ACCOUNTANTS: Screatons Ltd
Former Atherstone College
Ratcliffe Road
Atherstone
Warwickshire
CV9 1LF

GTS Property Maintenance Ltd (Registered number: 13510612)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,169 3,799

CURRENT ASSETS
Stocks 9,000 -
Debtors 5 4,993 -
Cash at bank 11,189 11,189
25,182 11,189
CREDITORS
Amounts falling due within one year 6 19,575 3,274
NET CURRENT ASSETS 5,607 7,915
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,776

11,714

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 36,774 11,712
SHAREHOLDERS' FUNDS 36,776 11,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 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.

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 16 August 2024 and were signed by:





Mr G T Smith - Director


GTS Property Maintenance Ltd (Registered number: 13510612)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

GTS Property Maintenance 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.

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 - 25% on reducing balance

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 year 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

GTS Property Maintenance Ltd (Registered number: 13510612)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 6 April 2023 6,438 - 6,438
Additions 426 28,000 28,426
At 5 April 2024 6,864 28,000 34,864
DEPRECIATION
At 6 April 2023 2,639 - 2,639
Charge for year 1,056 - 1,056
At 5 April 2024 3,695 - 3,695
NET BOOK VALUE
At 5 April 2024 3,169 28,000 31,169
At 5 April 2023 3,799 - 3,799

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Directors' current accounts 4,993 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Hire purchase contracts 19,133 -
Tax 1 2,494
Directors' current accounts - 360
Accrued expenses 441 420
19,575 3,274

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 5.4.24 5.4.23
value: £    £   
2 Ordinary shares £1 2 2

8. RESERVES
Retained
earnings
£   

At 6 April 2023 11,712
Profit for the year 26,062
Dividends (1,000 )
At 5 April 2024 36,774

GTS Property Maintenance Ltd (Registered number: 13510612)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2023 - £3,000) were paid to the directors .

Mr G T Smith is the sole director and shareholder of the company.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
GTS Property Maintenance Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GTS Property Maintenance Ltd for the year ended 5 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of GTS Property Maintenance Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GTS Property Maintenance Ltd and state those matters that we have agreed to state to the director of GTS Property Maintenance Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GTS Property Maintenance Ltd and its director for our work or for this report.

It is your duty to ensure that GTS Property Maintenance Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GTS Property Maintenance Ltd. You consider that GTS Property Maintenance Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GTS Property Maintenance Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Screatons Ltd
Former Atherstone College
Ratcliffe Road
Atherstone
Warwickshire
CV9 1LF


16 August 2024