GSAI LIMITED

Company Registration Number:
08936855 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

GSAI LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

GSAI LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 175,378 193,920
Total fixed assets: 175,378 193,920
Current assets
Stocks: 100,540 115,976
Debtors:   1,109 12,219
Cash at bank and in hand: 50,195 26,282
Total current assets: 151,844 154,477
Creditors: amounts falling due within one year: 4 (177,982) (161,483)
Net current assets (liabilities): (26,138) (7,006)
Total assets less current liabilities: 149,240 186,914
Creditors: amounts falling due after more than one year: 5 (106,657) (110,859)
Provision for liabilities: (18,442)
Total net assets (liabilities): 24,141 76,055
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 24,131 76,045
Shareholders funds: 24,141 76,055

The notes form part of these financial statements

GSAI LIMITED

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 October 2024
and signed on behalf of the board by:

Name: Imran Rabbani
Status: Director

The notes form part of these financial statements

GSAI LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

GSAI LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 24 24

GSAI LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 369,338
Additions 67,111
Disposals (91,109)
At 31 July 2024 345,340
Depreciation
At 01 August 2023 175,418
Charge for year 46,789
On disposals (52,245)
At 31 July 2024 169,962
Net book value
At 31 July 2024 175,378
At 31 July 2023 193,920

GSAI LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

. 2024 2023 Bank loans 10,000 10,000 HP loans 32,882 43,065 Trade Creditors 84,739 101,130 Corporation Tax - current year 32,252 10,861 - other 10,150 (4,972) Other taxes & social security 7,959 1,399 -------- -------- 177,982 161,483 ====== ======

GSAI LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due after more than one year note

. 2024 2023 £ £ Bank loans 9,168 19,167 HP loans 92,663 91,440 Other Creditors 4,827 252 ---------- --------- 106,657 110,859 ====== ======