Company registration number 15427157 (England and Wales)
GTKW LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
GTKW LIMITED
COMPANY INFORMATION
Director
Mr G T Wood
(Appointed 19 January 2024)
Company number
15427157
Registered office
Deacons Cottage
Stenhill
Uffculme
Cullompton
Devon
EX15 3DH
Accountants
Streets Bush Limited
2 Barnfield Crescent
Exeter
EX1 1QT
GTKW LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
GTKW LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
Notes
£
£
Current assets
Debtors
30
Cash at bank and in hand
43,872
43,902
Creditors: amounts falling due within one year
3
(47,457)
Net current liabilities
(3,555)
Capital and reserves
Called up share capital
1
Retained earnings
(3,556)
Total equity
(3,555)
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial Period ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 19 May 2025
Mr G T Wood
Director
Company Registration No. 15427157
GTKW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
- 2 -
1
Accounting policies
Company information
GTKW Limited is a private company limited by shares incorporated in England and Wales. The registered office is Deacons Cottage, Stenhill, Uffculme, Cullompton, Devon, EX15 3DH.
1.1
Reporting period
The company was formed on formed on 19 January 2024 and as a result the accounts are for the period to 31 January 2025.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
GTKW LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
2
Employees
The average monthly number of persons (including directors) employed by the company during the Period was:
2025
Number
Total
1
3
Creditors: amounts falling due within one year
2025
£
Other creditors
47,457