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Company Registration No. 13507366 (England and Wales)
GTS Homes Ltd Unaudited accounts for the year ended 31 July 2024
GTS Homes Ltd Unaudited accounts Contents
Page
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GTS Homes Ltd Company Information for the year ended 31 July 2024
Director
Mr Philip Jones
Company Number
13507366 (England and Wales)
Registered Office
Lower Mill House Kem Mill Lane Whittle-le-Woods Chorley Lancashire PR6 7EA England
Accountants
GE ACCOUNTANCY LTD 4 Braithwaite Shevington Wigan Lancashire WN68BP
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GTS Homes Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
861,333 
727,270 
Current assets
Cash at bank and in hand
76,988 
729 
Creditors: amounts falling due within one year
(322,520)
(210,281)
Net current liabilities
(245,532)
(209,552)
Total assets less current liabilities
615,801 
517,718 
Creditors: amounts falling due after more than one year
(633,881)
(534,819)
Net liabilities
(18,080)
(17,101)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(18,081)
(17,102)
Shareholders' funds
(18,080)
(17,101)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 14 April 2025 and were signed on its behalf by
Mr Philip Jones Director Company Registration No. 13507366
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GTS Homes Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
GTS Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 13507366. The registered office is Lower Mill House, Kem Mill Lane, Whittle-le-Woods, Chorley, Lancashire, PR6 7EA, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
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:
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GTS Homes Ltd Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 August 2023
727,270 
Additions
134,063 
At 31 July 2024
861,333 
Depreciation
At 31 July 2024
- 
Net book value
At 31 July 2024
861,333 
At 31 July 2023
727,270 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
321,770 
209,531 
Accruals
750 
750 
322,520 
210,281 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
633,881 
534,819 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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