4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08158559 2023-08-01 2024-07-31 08158559 2024-07-31 08158559 2023-07-31 08158559 2022-08-01 2023-07-31 08158559 2023-07-31 08158559 2022-07-31 08158559 bus:Director1 2023-08-01 2024-07-31 08158559 core:WithinOneYear 2024-07-31 08158559 core:WithinOneYear 2023-07-31 08158559 core:RetainedEarningsAccumulatedLosses 2024-07-31 08158559 core:RetainedEarningsAccumulatedLosses 2023-07-31 08158559 bus:SmallEntities 2023-08-01 2024-07-31 08158559 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 08158559 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 08158559 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08158559 bus:AbridgedAccounts 2023-08-01 2024-07-31
COMPANY REGISTRATION NUMBER: 08158559
Gaz Autoschool (Education and Training) Ltd
Filleted Unaudited Abridged Financial Statements
31 July 2024
Gaz Autoschool (Education and Training) Ltd
Abridged Financial Statements
Year ended 31 July 2024
Contents
Page
Abridged statement of financial position
1
Notes to the abridged financial statements
3
Gaz Autoschool (Education and Training) Ltd
Abridged Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
£
Current assets
Stocks
60,000
40,000
Debtors
1,958
1,958
Cash at bank and in hand
1,926
1,636
--------
--------
63,884
43,594
Creditors: amounts falling due within one year
166,902
151,865
---------
---------
Net current liabilities
103,018
108,271
---------
---------
Total assets less current liabilities
( 103,018)
( 108,271)
---------
---------
Net liabilities
( 103,018)
( 108,271)
---------
---------
Capital and reserves
Profit and loss account
( 103,018)
( 108,271)
---------
---------
Shareholders deficit
( 103,018)
( 108,271)
---------
---------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of financial position for the year ending 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Gaz Autoschool (Education and Training) Ltd
Abridged Statement of Financial Position (continued)
31 July 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 4 March 2025 , and are signed on behalf of the board by:
Mr F Hana
Director
Company registration number: 08158559
Gaz Autoschool (Education and Training) Ltd
Notes to the Abridged Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2- 40 Commercial Square, Freeman's Common, Leicester, LE2 7SR.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Director's advances, credits and guarantees
At the year end the company owed Mr F Hana £132,742 (2023: £131,215).
6. Related party transactions
No dividends were paid to the director during the year.