Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08836652 2023-02-01 2024-01-31 08836652 2022-02-01 2023-01-31 08836652 2024-01-31 08836652 2023-01-31 08836652 c:Director1 2023-02-01 2024-01-31 08836652 d:OfficeEquipment 2023-02-01 2024-01-31 08836652 d:OfficeEquipment 2024-01-31 08836652 d:OfficeEquipment 2023-01-31 08836652 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 08836652 d:CurrentFinancialInstruments 2024-01-31 08836652 d:CurrentFinancialInstruments 2023-01-31 08836652 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 08836652 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 08836652 d:ShareCapital 2024-01-31 08836652 d:ShareCapital 2023-01-31 08836652 d:RetainedEarningsAccumulatedLosses 2024-01-31 08836652 d:RetainedEarningsAccumulatedLosses 2023-01-31 08836652 c:FRS102 2023-02-01 2024-01-31 08836652 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08836652 c:FullAccounts 2023-02-01 2024-01-31 08836652 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08836652 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 08836652










GP CTS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
GP CTS LTD
REGISTERED NUMBER: 08836652

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
148
788

  
148
788

Current assets
  

Debtors: amounts falling due within one year
 5 
20,988
10,987

Cash at bank and in hand
  
39,181
63,191

  
60,169
74,178

Creditors: amounts falling due within one year
 6 
(23,825)
(29,713)

Net current assets
  
 
 
36,344
 
 
44,465

Total assets less current liabilities
  
36,492
45,253

  

Net assets
  
36,492
45,253


Capital and reserves
  

Called up share capital 
  
180
180

Profit and loss account
  
36,312
45,073

  
36,492
45,253


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf 30 January 2025.

Page 1

 
GP CTS LTD
REGISTERED NUMBER: 08836652
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024




................................................
Dr E Singer
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
GP CTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

GP CTS Ltd is a private company limited by shares and incorporated in England and Wales, registration number 08836652. The registered office is 8 The Courtyard, Wyncolls Road, Severalls Industrial Park, Colchester, CO4 9PE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
GP CTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
GP CTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees

2024
2023
£
£

Wages and salaries
9,096
9,054

Social security costs
223
103

9,319
9,157


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 February 2023
8,915



At 31 January 2024

8,915



Depreciation


At 1 February 2023
8,127


Charge for the year on owned assets
640



At 31 January 2024

8,767



Net book value



At 31 January 2024
148



At 31 January 2023
788

Page 5

 
GP CTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
17,100
8,200

Other debtors
990
44

Prepayments and accrued income
2,898
2,743

20,988
10,987



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,597
1,396

Corporation tax
5,367
13,911

Other creditors
11,718
12,152

Accruals and deferred income
2,143
2,254

23,825
29,713



7.


Related party transactions

At the year end date, the company owed the director £22. (2023: £44 owed to company)

 
Page 6