GKA International (North America) Limited 07918509 false 2023-04-29 2024-04-28 2024-04-28 The principal activity of the company is Security broking and fund management. Digita Accounts Production Advanced 6.30.9574.0 true true 07918509 2023-04-29 2024-04-28 07918509 2024-04-28 07918509 core:RetainedEarningsAccumulatedLosses 2024-04-28 07918509 core:ShareCapital 2024-04-28 07918509 core:CurrentFinancialInstruments 2024-04-28 07918509 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-28 07918509 core:FurnitureFittingsToolsEquipment 2024-04-28 07918509 bus:SmallEntities 2023-04-29 2024-04-28 07918509 bus:AuditExemptWithAccountantsReport 2023-04-29 2024-04-28 07918509 bus:FilletedAccounts 2023-04-29 2024-04-28 07918509 bus:SmallCompaniesRegimeForAccounts 2023-04-29 2024-04-28 07918509 bus:RegisteredOffice 2023-04-29 2024-04-28 07918509 bus:Director1 2023-04-29 2024-04-28 07918509 bus:PrivateLimitedCompanyLtd 2023-04-29 2024-04-28 07918509 core:FurnitureFittingsToolsEquipment 2023-04-29 2024-04-28 07918509 core:OfficeEquipment 2023-04-29 2024-04-28 07918509 countries:England 2023-04-29 2024-04-28 07918509 2023-04-28 07918509 core:FurnitureFittingsToolsEquipment 2023-04-28 07918509 2022-04-29 2023-04-28 07918509 2023-04-28 07918509 core:RetainedEarningsAccumulatedLosses 2023-04-28 07918509 core:ShareCapital 2023-04-28 07918509 core:CurrentFinancialInstruments 2023-04-28 07918509 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-28 07918509 core:FurnitureFittingsToolsEquipment 2023-04-28 iso4217:GBP xbrli:pure

Registration number: 07918509

GKA International (North America) Limited

Unaudited Financial Statements

for the Year Ended 28 April 2024

 

GKA International (North America) Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

GKA International (North America) Limited

(Registration number: 07918509)
Statement of Financial Position as at 28 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

2,396

3,367

Current assets

 

Debtors

4

331,075

433,746

Cash at bank and in hand

 

391,404

170,010

 

722,479

603,756

Creditors: Amounts falling due within one year

5

(65,705)

(59,172)

Net current assets

 

656,774

544,584

Net assets

 

659,170

547,951

Capital and reserves

 

Called up share capital

100

100

Retained earnings

659,070

547,851

Shareholders' funds

 

659,170

547,951

For the financial year ending 28 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 28 January 2025 and signed on its behalf by:
 

.........................................
GM Kasler
Director

   
     
 

GKA International (North America) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
6th Floor
55 King street
Manchester
Lancashire
M2 4LQ
United Kingdom

These financial statements were authorised for issue by the Board on 28 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/ returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
It is probable that future economic benefits will flow to the entity; and
Specific criteria have been met for each of the company's activities.

Government grants

Government grants received in the year are treated on an accruals basis and included within the Profit and Loss account.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

 

GKA International (North America) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 April 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% straight line

 

GKA International (North America) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 April 2024

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 29 April 2023

43,434

43,434

At 28 April 2024

43,434

43,434

Depreciation

At 29 April 2023

40,067

40,067

Charge for the year

971

971

At 28 April 2024

41,038

41,038

Carrying amount

At 28 April 2024

2,396

2,396

At 28 April 2023

3,367

3,367

4

Debtors

Current

2024
£

2023
£

Prepayments

602

-

Other debtors

330,473

433,746

 

331,075

433,746

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

63,062

56,228

Accruals and deferred income

2,643

2,944

65,705

59,172

 

GKA International (North America) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 April 2024

6

Related party transactions

Transactions with directors

G M Kasler
(managing director and majority shareholder)

At the balance sheet date the amount due from G M Kasler was £209,710 (2023 - £261,911). Interest has been charged on this of £4,670 (2023: £5,497).
 

 

GKA International (North America) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 April 2024

7

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 2).