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Company Registration No. 11478917 (England and Wales)
GTB Collective Ltd Unaudited accounts for the year ended 31 July 2024
GTB Collective Ltd Unaudited accounts Contents
Page
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GTB Collective Ltd Company Information for the year ended 31 July 2024
Directors
Mr Peter Heywood Mr Gareth Brooks
Company Number
11478917 (England and Wales)
Registered Office
Unit 5 The Enterprise Centre Dawsons Lane Barwell Leicestershire LE9 8BE UNITED KINGDOM
Accountants
Lilley & Co (UK) Limited Suite 8 57 High Street Ibstock Leicestershire LE67 6LH
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GTB Collective Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
65,469 
54,803 
Current assets
Inventories
- 
780 
Debtors
19,681 
13,810 
Cash at bank and in hand
98,249 
95,679 
117,930 
110,269 
Creditors: amounts falling due within one year
(20,997)
(19,897)
Net current assets
96,933 
90,372 
Total assets less current liabilities
162,402 
145,175 
Creditors: amounts falling due after more than one year
(19,162)
(22,750)
Provisions for liabilities
Deferred tax
(12,439)
(10,413)
Net assets
130,801 
112,012 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
130,799 
112,010 
Shareholders' funds
130,801 
112,012 
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 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 24 April 2025 and were signed on its behalf by
Mr Peter Heywood Director Company Registration No. 11478917
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GTB Collective Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
GTB Collective Ltd is a private company, limited by shares, registered in England and Wales, registration number 11478917. The registered office is Unit 5 The Enterprise Centre, Dawsons Lane, Barwell, Leicestershire, LE9 8BE, UNITED KINGDOM.
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.
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
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.
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GTB Collective Ltd Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
63,378 
39,969 
12,428 
115,775 
Additions
6,976 
27,582 
191 
34,749 
At 31 July 2024
70,354 
67,551 
12,619 
150,524 
Depreciation
At 1 August 2023
32,114 
21,619 
7,239 
60,972 
Charge for the year
9,560 
11,483 
3,040 
24,083 
At 31 July 2024
41,674 
33,102 
10,279 
85,055 
Net book value
At 31 July 2024
28,680 
34,449 
2,340 
65,469 
At 31 July 2023
31,264 
18,350 
5,189 
54,803 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,676 
- 
Accrued income and prepayments
18,004 
13,809 
Other debtors
1 
1 
19,681 
13,810 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,897 
3,901 
Trade creditors
- 
238 
Taxes and social security
10,570 
13,535 
Loans from directors
1,904 
160 
Accruals
1,426 
1,610 
Deferred income
3,200 
453 
20,997 
19,897 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,162 
22,750 
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GTB Collective Ltd Notes to the Accounts for the year ended 31 July 2024
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 July 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
88,200 
75,365 
Later than one year and not later than five years
58,067 
109,083 
146,267 
184,448 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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