Company Registration No. 02941111 (England and Wales)
GIPA UK LTD.
Unaudited accounts
for the year ended 31 December 2024
GIPA UK LTD.
Unaudited accounts
Contents
GIPA UK LTD.
Company Information
for the year ended 31 December 2024
Directors
E M J Devos
Q H L J Le Hetet
Company Number
02941111 (England and Wales)
Registered Office
44 Borough Road
London
SE1 0AJ
Accountants
Alport Management Services Limiited
5 Field End
Maresfield
Uckfield
East Sussex
TN22 2DJ
GIPA UK LTD.
Statement of financial position
as at 31 December 2024
Tangible assets
30,769
35,165
Cash at bank and in hand
305,667
262,748
Creditors: amounts falling due within one year
(204,310)
(284,122)
Net current assets
364,289
369,034
Total assets less current liabilities
395,058
404,199
Provisions for liabilities
Deferred tax
(2,142)
(3,098)
Net assets
392,916
401,101
Called up share capital
2,400
2,400
Profit and loss account
390,516
398,701
Shareholders' funds
392,916
401,101
For the year ending 31 December 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by
E M J Devos
Director
Company Registration No. 02941111
GIPA UK LTD.
Notes to the Accounts
for the year ended 31 December 2024
GIPA UK LTD. is a private company, limited by shares, registered in England and Wales, registration number 02941111. The registered office is 44 Borough Road, London, SE1 0AJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% per annum on the straight line basis
Computer equipment
15% per annum on the straight line basis
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
GIPA UK LTD.
Notes to the Accounts
for the year ended 31 December 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
28,821
78,277
107,098
At 31 December 2024
28,821
78,277
107,098
At 1 January 2024
6,041
65,892
71,933
Charge for the year
576
3,820
4,396
At 31 December 2024
6,617
69,712
76,329
At 31 December 2024
22,204
8,565
30,769
At 31 December 2023
22,780
12,385
35,165
Amounts falling due within one year
Trade debtors
256,377
315,281
Accrued income and prepayments
4,128
75,127
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
86,890
125,966
Taxes and social security
57,349
69,299
Deferred income
20,000
75,078
Allotted, called up and fully paid:
2,400 Ordinary shares of £1 each
2,400
2,400
GIPA UK LTD.
Notes to the Accounts
for the year ended 31 December 2024
8
Operating lease commitments
2024
2023
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
28,268
29,865
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Transactions with related parties
The company is under the control of Mr E M J Devos.
Mr E M J Devos through his French company Lourousa, is the president of GIPA France, administrator of GIPA Iberia and general manager of GIPA Germany, GIPA Italy and GIPA Dynamic.
During the year GIPA UK Limited invoiced GIPA France £364443 (2023: £363783), GIPA Iberia £7648 (2023 £139), GIPA Germany £17957 (2023: £13664), GIPA Italy £12743 (2023: £5365) and GIPA Dynamic £165155 (2023: £112430) for services carried out.
During the year GIPA France invoiced GIPA UK Limited £175979 (2023: £163919), GIPA Iberia £261 (2023 £3224), GIPA Germany £873 (2023: £1709), GIPA Italy £3101 (2023: £8114) and GIPA Dynamic £136805 (2023: £69373 ) for services carried out.
No other transactions required reporting for the year.
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Average number of employees
During the year the average number of employees was 6 (2023: 5).