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REGISTERED NUMBER: 14215291 (England and Wales)

















G.S Interiors Ltd

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024






G.S Interiors Ltd (Registered number: 14215291)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.S Interiors Ltd

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: Mr S P Gatti
Mr J L Sharp





REGISTERED OFFICE: 9 Market Place
Hedon
East Yorkshire
HU12 8JA





REGISTERED NUMBER: 14215291 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

G.S Interiors Ltd (Registered number: 14215291)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,949 12,641

CURRENT ASSETS
Stocks 5 2,000 1,000
Debtors 6 119,607 13,733
Cash at bank 51,927 45,151
173,534 59,884
CREDITORS
Amounts falling due within one year 7 111,848 36,348
NET CURRENT ASSETS 61,686 23,536
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,635

36,177

PROVISIONS FOR LIABILITIES 475 327
NET ASSETS 72,160 35,850

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 72,060 35,750
SHAREHOLDERS' FUNDS 72,160 35,850

G.S Interiors Ltd (Registered number: 14215291)

BALANCE SHEET - continued
31 July 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by:




Mr J L Sharp - Director



Mr S P Gatti - Director


G.S Interiors Ltd (Registered number: 14215291)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

G.S Interiors 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
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

G.S Interiors Ltd (Registered number: 14215291)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 2,716 13,500 718 16,934
Additions 607 - 1,726 2,333
Disposals - - (53 ) (53 )
At 31 July 2024 3,323 13,500 2,391 19,214
DEPRECIATION
At 1 August 2023 679 3,375 239 4,293
Charge for year 661 2,531 798 3,990
Eliminated on disposal - - (18 ) (18 )
At 31 July 2024 1,340 5,906 1,019 8,265
NET BOOK VALUE
At 31 July 2024 1,983 7,594 1,372 10,949
At 31 July 2023 2,037 10,125 479 12,641

5. STOCKS
2024 2023
£    £   
Stocks 2,000 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 105,567 -
Other debtors - 11,564
VAT 12,536 685
Prepayments 1,504 1,484
119,607 13,733

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,250 1,343
Tax 31,631 17,666
Social security and other taxes 791 -
Credit card 43,289 6,452
Directors' current accounts 16,974 9,302
Accruals 1,913 1,585
111,848 36,348