Registered number
04707214
GCA (SURREY) LIMITED
Filleted Accounts
30 June 2024
GCA (SURREY) LIMITED
Registered number: 04707214
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,919 3,843
Investments 4 13,000 13,000
15,919 16,843
Current assets
Stocks 1,750 1,750
Debtors 5 141,615 149,784
Cash at bank and in hand 31,210 10,357
174,575 161,891
Creditors: amounts falling due within one year 6 (132,970) (113,143)
Net current assets 41,605 48,748
Total assets less current liabilities 57,524 65,591
Creditors: amounts falling due after more than one year 7 (32,870) (38,426)
Net assets 24,654 27,165
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 23,654 26,165
Shareholders' funds 24,654 27,165
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P O'Halloran
Director
Approved by the board on 20 March 2025
GCA (SURREY) LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 50,943
Additions -
At 30 June 2024 50,943
Depreciation
At 1 July 2023 47,100
Charge for the year 924
At 30 June 2024 48,024
Net book value
At 30 June 2024 2,919
At 30 June 2023 3,843
4 Investments
Other investments
£
Cost
At 1 July 2023 13,000
At 30 June 2024 13,000
5 Debtors 2024 2023
£ £
Trade debtors 80,727 94,775
Other debtors 60,888 55,009
141,615 149,784
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 14,807 12,798
Trade creditors 36,710 42,604
Taxation and social security costs 81,432 45,009
Other creditors 21 12,732
132,970 113,143
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 32,870 38,426
8 Contingent liabilities
The company is a member of Zolfenac LLP and is liable to contribute to the assets of the LLP in the event of a winding up before 1st November 2024. The maximum liability in relation to this undertaking is £78,000. The company does not believe that a winding-up of the LLP is probable and has not made provision for the liability at 30th June 2024.
9 Related party transactions
At the year end the company was owed £59,249 by related parties (2023: £55,009). At the year end the company owed £8 to related parties (2023: £12,732).
10 Controlling party
The Company was under the control of Mr O'Halloran throughout the period. Mr O'Halloran is sole Director.
11 Other information
GCA (SURREY) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor Quadrant House
9 Heath Road
Weybridge
England
KT13 8SX
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