09517375falsethat of computer facilities management and information technology2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:MotorCars2023-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:MotorCars2024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 09517375

GFR TECH LTD

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
Martin & Fahy Accountants LLP
7 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP

GFR TECH LTD

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
G F RANDOLPH
REGISTERED OFFICE
5 MILBANKE COURT
MILBANKE WAY
BRACKNELL
BERKSHIRE
RG12 1RP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09517375
ACCOUNTANTS
Martin & Fahy Accountants LLP
7 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP

GFR TECH LTD

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3405,308403,653
CURRENT ASSETS
Stock5,09510,338
Debtors5141,412129,132
Cash at bank and in hand201,192161,317
347,699300,787
CREDITORS: Amounts falling due within one year6252,299255,260
NET CURRENT ASSETS95,40045,527
TOTAL ASSETS LESS CURRENT LIABILITIES500,708449,180
CREDITORS: Amounts falling due after more than one year772,500150,000
NET ASSETS428,208299,180
CAPITAL AND RESERVES
Called up share capital8200200
Profit and loss account428,008298,980
SHAREHOLDERS' FUNDS428,208299,180
For the year ending 31/03/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/11/2024 and signed on their behalf by
.............................
G F RANDOLPH
Director

GFR TECH LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 2%
Fixtures and Fittingsstraight line 25%
Equipmentstraight line 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees55

GFR TECH LTD

3. TANGIBLE FIXED ASSETS
Land AndFixtures
Buildingsand FittingsEquipmentMotor CarsTotal
£££££
Cost
At 01/04/2023363,00736,78823,44417,951441,190
Additions-22,7845,534-28,318
At 31/03/2024363,00759,57228,97817,951469,508
Depreciation
At 01/04/20234,82011,8378,60912,27137,537
For the year4,82014,0136,4101,42026,663
At 31/03/20249,64025,85015,01913,69164,200
Net Book Amounts
At 31/03/2024353,36733,72213,9594,260405,308
At 31/03/2023358,18724,95114,8355,680403,653
4. STOCK 20242023
££
Stock comprises:
Stock5,09510,338
5,09510,338
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors135,50472,312
VAT-56,820
Prepayments5,908-
141,412129,132

GFR TECH LTD

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax40,82421,214
VAT33,919-
PAYE control13,0775,543
Directors current account1829,718
Loans50,00050,000
Trade creditors61,58293,245
Accruals52,87951,837
Deferred income-3,703
252,299255,260
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr72,500150,000
72,500150,000
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
200 Ordinary shares of £1 each200200
200200