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REGISTERED NUMBER: 02090982 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

G.T. Printing (Leeds) Limited

G.T. Printing (Leeds) Limited (Registered number: 02090982)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.T. Printing (Leeds) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R P Yeomans





SECRETARY: R P Yeomans





REGISTERED OFFICE: 43 Kent Road
Pudsey
Leeds
LS28 9BB





REGISTERED NUMBER: 02090982 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
3 Park Square
Leeds
LS1 2NE

G.T. Printing (Leeds) Limited (Registered number: 02090982)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,953 84,345

CURRENT ASSETS
Stocks 5 11,428 12,889
Debtors 6 301,423 271,002
Cash at bank and in hand 90,529 102,734
403,380 386,625
CREDITORS
Amounts falling due within one year 7 202,316 199,396
NET CURRENT ASSETS 201,064 187,229
TOTAL ASSETS LESS CURRENT
LIABILITIES

290,017

271,574

CREDITORS
Amounts falling due after more than one
year

8

(22,626

)

(40,249

)

PROVISIONS FOR LIABILITIES 10 (17,432 ) (16,025 )
NET ASSETS 249,959 215,300

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 249,859 215,200
SHAREHOLDERS' FUNDS 249,959 215,300

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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. Printing (Leeds) Limited (Registered number: 02090982)

Balance Sheet - continued
31 March 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 18 January 2025 and were signed by:





R P Yeomans - Director


G.T. Printing (Leeds) Limited (Registered number: 02090982)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

G.T. Printing (Leeds) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 year 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.

G.T. Printing (Leeds) Limited (Registered number: 02090982)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 369,823 32,140 24,425 426,388
Additions 3,749 19,990 - 23,739
At 31 March 2024 373,572 52,130 24,425 450,127
DEPRECIATION
At 1 April 2023 308,016 24,393 9,634 342,043
Charge for year 15,801 1,162 2,168 19,131
At 31 March 2024 323,817 25,555 11,802 361,174
NET BOOK VALUE
At 31 March 2024 49,755 26,575 12,623 88,953
At 31 March 2023 61,807 7,747 14,791 84,345

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 11,428 12,889

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 211,639 226,218
Amount due from related undertaking 89,784 44,784
301,423 271,002

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loan 10,000 10,000
Hire purchase contracts 22,112 16,673
Trade creditors 122,176 116,398
Tax 8,791 19,301
Social security and other taxes 26,686 24,803
Directors' current accounts 499 271
Accrued expenses 12,052 11,950
202,316 199,396

G.T. Printing (Leeds) Limited (Registered number: 02090982)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 10,270 18,583
Bank Loan 12,356 21,666
22,626 40,249

The loan creditor represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme.

The loan creditor carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 32,382 35,256

The hire purchase creditor is secured against the asset to which it relates.

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 17,432 16,025

Deferred
tax
£   
Balance at 1 April 2023 16,025
Provided during year 1,407
Balance at 31 March 2024 17,432

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

G.T. Printing (Leeds) Limited (Registered number: 02090982)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. RESERVES
Retained
earnings
£   

At 1 April 2023 215,200
Profit for the year 34,659
At 31 March 2024 249,859

13. RELATED PARTY DISCLOSURES

At the 31st March 2024 the company was owed £89,784 (2023: £44,784) from GT Properties Yorkshire Limited a related undertaking due to being under common control by the director.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R P Yeomans.