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REGISTERED NUMBER: 09752665 (England and Wales)










Financial Statements

for the Period 1 September 2022 to 31 January 2024

for

G T & A Builders Ltd

G T & A Builders Ltd (Registered number: 09752665)






Contents of the Financial Statements
for the Period 1 September 2022 to 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G T & A Builders Ltd

Company Information
for the Period 1 September 2022 to 31 January 2024







DIRECTOR: Mr G Tassell





REGISTERED OFFICE: Sea Bank Cottage
Old Mill Road
Hendon
Tyne and Wear
SR2 8NU





REGISTERED NUMBER: 09752665 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

G T & A Builders Ltd (Registered number: 09752665)

Balance Sheet
31 January 2024

2024 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,580 802

CURRENT ASSETS
Debtors 5 32,710 -
Cash at bank and in hand 331 14,725
33,041 14,725
CREDITORS
Amounts falling due within one year 6 (16,357 ) (8,097 )
NET CURRENT ASSETS 16,684 6,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,264

7,430

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 18,164 7,330
18,264 7,430

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

G T & A Builders Ltd (Registered number: 09752665)

Balance Sheet - continued
31 January 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 director and authorised for issue on 21 November 2024 and were signed by:





Mr G Tassell - Director


G T & A Builders Ltd (Registered number: 09752665)

Notes to the Financial Statements
for the Period 1 September 2022 to 31 January 2024

1. STATUTORY INFORMATION

G T & A Builders 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
Computer equipment - 25% on reducing balance

TAXATION
Taxation for the period 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 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

G T & A Builders Ltd (Registered number: 09752665)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 September 2022 2,500 - 2,500
Additions - 949 949
At 31 January 2024 2,500 949 3,449
DEPRECIATION
At 1 September 2022 1,698 - 1,698
Charge for period 171 - 171
At 31 January 2024 1,869 - 1,869
NET BOOK VALUE
At 31 January 2024 631 949 1,580
At 31 August 2022 802 - 802

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Directors' current accounts 30,772 -
VAT 1,938 -
32,710 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade creditors 394 -
Corporation tax 14,665 5,429
VAT - 1,000
Directors' current accounts - 820
Accrued expenses 1,298 848
16,357 8,097

G T & A Builders Ltd (Registered number: 09752665)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 31 January 2024

7. RESERVES
Retained
earnings
£   

At 1 September 2022 7,330
Profit for the period 60,834
Dividends (50,000 )
At 31 January 2024 18,164

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Dividends totalling £50,000 were paid to the director throughout the year ended 31st January 2024 (28,000 - 2022). The director owed the Company £30,772 as at 31st January 2024 (The Company owed the director £820 as at 31st August 2022).

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G Tassell.