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REGISTERED NUMBER: 05884747 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

GSI WEALTH MANAGEMENT LIMITED

GSI WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05884747)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GSI WEALTH MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: P Mitchell
Mrs J L Mitchell





SECRETARY: Mrs J L Mitchell





REGISTERED OFFICE: 1 Churchill Court
Horton's Way
WESTERHAM
Kent
TN16 1BT





REGISTERED NUMBER: 05884747 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

GSI WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05884747)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 193,056 205,373
Investments 5 (370 ) (5,081 )
192,686 200,292

CURRENT ASSETS
Debtors 6 87,313 62,550
Cash at bank 117,437 234,813
204,750 297,363
CREDITORS
Amounts falling due within one year 7 (83,873 ) (57,868 )
NET CURRENT ASSETS 120,877 239,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,563

439,787

CREDITORS
Amounts falling due after more than one
year

8

(9,877

)

(19,840

)

PROVISIONS FOR LIABILITIES (6,529 ) (8,587 )
NET ASSETS 297,157 411,360

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 100 100
Retained earnings 296,957 411,160
SHAREHOLDERS' FUNDS 297,157 411,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GSI WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05884747)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2024


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 Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





P Mitchell - Director


GSI WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05884747)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

GSI Wealth Management Limited 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
Revenue 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.
Long leasehold - 2% on cost
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.33% on cost

Property, plant and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses.

Assets held under hire purchase contracts and finance leases are depreciated in the same way as owned assets.

At each statement of financial position date, the company reviews the carrying amount of its property, plant and equipment to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

GSI WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05884747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 July 2023 265,279 29,834 6,370
Additions - - -
At 30 June 2024 265,279 29,834 6,370
DEPRECIATION
At 1 July 2023 94,603 5,076 5,890
Charge for year 5,306 2,984 120
At 30 June 2024 99,909 8,060 6,010
NET BOOK VALUE
At 30 June 2024 165,370 21,774 360
At 30 June 2023 170,676 24,758 480

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 13,220 43,559 358,262
Additions - 1,654 1,654
At 30 June 2024 13,220 45,213 359,916
DEPRECIATION
At 1 July 2023 9,037 38,283 152,889
Charge for year 1,046 4,515 13,971
At 30 June 2024 10,083 42,798 166,860
NET BOOK VALUE
At 30 June 2024 3,137 2,415 193,056
At 30 June 2023 4,183 5,276 205,373

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023 (5,081 )
Additions 63,253
Disposals (58,542 )
At 30 June 2024 (370 )
NET BOOK VALUE
At 30 June 2024 (370 )
At 30 June 2023 (5,081 )

GSI WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05884747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors (75 ) 1,190
Other debtors 87,388 61,360
87,313 62,550

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,248 10,048
Trade creditors 36,570 8,235
Taxation and social security 21,615 20,829
Other creditors 15,440 18,756
83,873 57,868

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,877 19,840

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
P Mitchell
Balance outstanding at start of year 24,818 -
Amounts advanced - 24,818
Amounts repaid (26,568 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,750 ) 24,818