GTC Design & Build Limited 11619172 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is that of development of building projects Digita Accounts Production Advanced 6.30.9574.0 true true true 11619172 2023-08-01 2024-07-31 11619172 2024-07-31 11619172 bus:OrdinaryShareClass1 2024-07-31 11619172 core:CurrentFinancialInstruments 2024-07-31 11619172 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 11619172 bus:SmallEntities 2023-08-01 2024-07-31 11619172 bus:Audited 2023-08-01 2024-07-31 11619172 bus:FilletedAccounts 2023-08-01 2024-07-31 11619172 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 11619172 bus:RegisteredOffice 2023-08-01 2024-07-31 11619172 bus:Director1 2023-08-01 2024-07-31 11619172 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 11619172 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11619172 1 2023-08-01 2024-07-31 11619172 countries:EnglandWales 2023-08-01 2024-07-31 11619172 2022-08-01 2023-07-31 11619172 2023-07-31 11619172 bus:OrdinaryShareClass1 2023-07-31 11619172 core:CurrentFinancialInstruments 2023-07-31 11619172 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11619172

GTC Design & Build Limited

Filleted Financial Statements

for the Year Ended 31 July 2024

 

GTC Design & Build Limited

Contents

Statement of Director's Responsibilities

1

Balance Sheet

2

Notes to the Financial Statements

3 to 5

 

GTC Design & Build Limited

Statement of Director's Responsibilities

The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

GTC Design & Build Limited

(Registration number: 11619172)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

2,464

-

Cash at bank and in hand

 

4,280

5,057

 

6,744

5,057

Creditors: Amounts falling due within one year

5

(14,485)

(10,136)

Net liabilities

 

(7,741)

(5,079)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(7,742)

(5,080)

Shareholders' deficit

 

(7,741)

(5,079)

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 November 2024
 

.........................................
T Clayden
Director

 

GTC Design & Build Limited

Notes to the Financial Statements for the Year Ended 31 July 2024

1

General information

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

The address of its registered office is:
43 Woodstock Road
Oxford
OX2 6HG

These financial statements were authorised for issue by the director on 28 November 2024.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company is reliant on support from the parent entity to continue as a going concern, and the director has received confirmation that they will have this support for the foreseeable future. With this support, the director has the reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The director continues to believe the going concern basis of accounting is appropriate in preparing the annual financial statements.

 

GTC Design & Build Limited

Notes to the Financial Statements for the Year Ended 31 July 2024

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 28 November 2024 was Benjamin Hayes BSc FCA, who signed for and on behalf of Wenn Townsend.

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/value added tax, 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

GTC Design & Build Limited

Notes to the Financial Statements for the Year Ended 31 July 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

2024
£

2023
£

Other debtors

2,464

-

2,464

-

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

3,390

-

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

8,415

7,536

Accruals and deferred income

 

2,680

2,600

 

14,485

10,136

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Called up share capital of £1 each

1

1

1

1

       

7

Related party transactions

The company has taken advantage of the FRS 102 exemption not to disclose transactions with other members of the group, where transactions involve a subsidiary that is wholly owned by the group.

8

Controlling party

The ultimate parent undertaking is Green Templeton College, a registered charity. Copies of the consolidated accounts of Green Templeton College can be obtained from the Charity Commisioners.