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REGISTERED NUMBER: 04416177 (England and Wales)














Financial Statements

for the Year Ended 31 August 2024

for

G -Tech Engineering Limited

G -Tech Engineering Limited (Registered number: 04416177)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


G -Tech Engineering Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: G J Melling





SECRETARY: Mrs N M Melling





REGISTERED OFFICE: 13 Carham Road
Carr Lane Industrial Estate
Hoylake
Wirral
Merseyside
CH47 4FF





REGISTERED NUMBER: 04416177 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

G -Tech Engineering Limited (Registered number: 04416177)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 544,434 582,585

CURRENT ASSETS
Stocks 15,400 15,400
Debtors 5 182,760 173,558
Cash at bank 1,091,966 915,922
1,290,126 1,104,880
CREDITORS
Amounts falling due within one year 6 224,785 227,615
NET CURRENT ASSETS 1,065,341 877,265
TOTAL ASSETS LESS CURRENT LIABILITIES 1,609,775 1,459,850

PROVISIONS FOR LIABILITIES 128,330 144,119
NET ASSETS 1,481,445 1,315,731

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 1,481,443 1,315,729
SHAREHOLDERS' FUNDS 1,481,445 1,315,731

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 -Tech Engineering Limited (Registered number: 04416177)

Statement of Financial Position - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 December 2024 and were signed by:





G J Melling - Director


G -Tech Engineering Limited (Registered number: 04416177)

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


1. STATUTORY INFORMATION

G -Tech Engineering 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.

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 represents net invoiced sales of goods excluding Value Added Tax and trade discounts. Turnover is recognised when goods are physically delivered to the customer.

Tangible fixed assets
All fixed assets are initially recorded at cost.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 15% on reducing balance
Fixtures and fittings- 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment- 25% on reducing balance

Depreciation on freehold property has not been charged on the grounds that the depreciation charge and accumulated depreciation are considered to be immaterial due to both the long useful economic life and the high estimated residual value which is not deemed to be materially different from the carrying amount. An impairment review of the property is carried out at the end of each reporting period.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

G -Tech Engineering Limited (Registered number: 04416177)

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


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 71,062 1,252,788 4,927
Additions - 21,862 -
Disposals - - -
At 31 August 2024 71,062 1,274,650 4,927
DEPRECIATION
At 1 September 2023 - 755,641 2,276
Charge for year - 76,924 397
Eliminated on disposal - - -
At 31 August 2024 - 832,565 2,673
NET BOOK VALUE
At 31 August 2024 71,062 442,085 2,254
At 31 August 2023 71,062 497,147 2,651

G -Tech Engineering Limited (Registered number: 04416177)

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


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 11,000 30,690 1,370,467
Additions 26,990 - 48,852
Disposals (11,000 ) - (11,000 )
At 31 August 2024 26,990 30,690 1,408,319
DEPRECIATION
At 1 September 2023 7,593 22,372 787,882
Charge for year 4,196 2,079 83,596
Eliminated on disposal (7,593 ) - (7,593 )
At 31 August 2024 4,196 24,451 863,885
NET BOOK VALUE
At 31 August 2024 22,794 6,239 544,434
At 31 August 2023 3,407 8,318 582,585

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 177,615 168,531
Other debtors 5,145 5,027
182,760 173,558

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 11,038 113,775
Taxation and social security 162,393 76,016
Other creditors 51,354 37,824
224,785 227,615

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2 Ordinary £1 2 2