Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31false2023-08-01Sale of cash registers11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07722421 2023-08-01 2024-07-31 07722421 2022-08-01 2023-07-31 07722421 2024-07-31 07722421 2023-07-31 07722421 c:Director1 2023-08-01 2024-07-31 07722421 d:MotorVehicles 2023-08-01 2024-07-31 07722421 d:MotorVehicles 2024-07-31 07722421 d:MotorVehicles 2023-07-31 07722421 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07722421 d:FurnitureFittings 2023-08-01 2024-07-31 07722421 d:FurnitureFittings 2024-07-31 07722421 d:FurnitureFittings 2023-07-31 07722421 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07722421 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07722421 d:Goodwill 2024-07-31 07722421 d:Goodwill 2023-07-31 07722421 d:CurrentFinancialInstruments 2024-07-31 07722421 d:CurrentFinancialInstruments 2023-07-31 07722421 d:Non-currentFinancialInstruments 2024-07-31 07722421 d:Non-currentFinancialInstruments 2023-07-31 07722421 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 07722421 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 07722421 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 07722421 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 07722421 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-31 07722421 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 07722421 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-31 07722421 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 07722421 d:ShareCapital 2024-07-31 07722421 d:ShareCapital 2023-07-31 07722421 c:FRS102 2023-08-01 2024-07-31 07722421 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07722421 c:FullAccounts 2023-08-01 2024-07-31 07722421 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07722421 2 2023-08-01 2024-07-31 07722421 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 07722421









GCR TRADING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
GCR TRADING LIMITED
REGISTERED NUMBER: 07722421

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
26,628
-

  
26,628
-

Current assets
  

Debtors: amounts falling due within one year
 6 
11,593
35,564

Cash at bank and in hand
 7 
22,157
18,455

  
33,750
54,019

Creditors: amounts falling due within one year
 8 
(19,658)
(37,482)

Net current assets
  
 
 
14,092
 
 
16,537

Total assets less current liabilities
  
40,720
16,537

Creditors: amounts falling due after more than one year
 9 
(40,620)
(16,437)

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100


Page 1

 
GCR TRADING LIMITED
REGISTERED NUMBER: 07722421
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 April 2025.





................................................
G Russell
Director


The notes on pages 3 to 8 form part of these financial statements.

The accounts have been prepared on a going concern basis. This assumes the continued support of the director which he has pledged for the forseeable future.

Page 2

 
GCR TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

The Company is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the year was the sale of cash registers.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
GCR TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

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

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
GCR TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Intangible assets




Goodwill

£



Cost


At 1 August 2023
(92,500)



At 31 July 2024

(92,500)



Amortisation


At 1 August 2023
(92,500)



At 31 July 2024

(92,500)



Net book value



At 31 July 2024
-



At 31 July 2023
-


Page 5

 
GCR TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
 
           4.Intangible assets (continued)



5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 August 2023
3,750
4,392
8,142


Additions
35,504
-
35,504


Disposals
(3,750)
-
(3,750)



At 31 July 2024

35,504
4,392
39,896



Depreciation


At 1 August 2023
3,750
4,392
8,142


Charge for the year on owned assets
8,876
-
8,876


Disposals
(3,750)
-
(3,750)



At 31 July 2024

8,876
4,392
13,268



Net book value



At 31 July 2024
26,628
-
26,628



At 31 July 2023
-
-
-


6.


Debtors

2024
2023
£
£


Trade debtors
8,721
35,564

Other debtors
2,872
-

11,593
35,564


Included within other debtors due within one year is a loan to G Russell, a director, amounting to £1,415 (2023 - £Nil)



Page 6

 
GCR TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
22,157
18,455

22,157
18,455



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
2,887
2,887

Corporation tax
-
8,020

Other taxation and social security
7,778
7,751

Obligations under finance lease and hire purchase contracts
6,668
-

Other creditors
-
17,099

Accruals and deferred income
2,325
1,725

19,658
37,482



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
14,007
16,437

Net obligations under finance leases and hire purchase contracts
26,613
-

40,620
16,437


Page 7

 
GCR TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
2,887
2,887

Amounts falling due 1-2 years

Bank loans
2,887
2,887

Amounts falling due 2-5 years

Bank loans
11,120
13,550


16,894
19,324



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£

 
-
 
-


12.


Controlling party

The Company is controlled by the director, G Russell, by virtue of his shareholding as described in the director's report. 

 
Page 8