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Company Registration No. 12909413 (England and Wales)
G. Tai Ltd Unaudited accounts for the year ended 31 August 2024
G. Tai Ltd Unaudited accounts Contents
Page
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G. Tai Ltd Company Information for the year ended 31 August 2024
Director
G. Laragione
Company Number
12909413 (England and Wales)
Registered Office
1 Stable Court Business Centre Water Lane, Tarbock Green Prescot Merseyside L35 1RD England
Accountants
Invictus Accountancy Services Limited 1 Stable Court Business Centre Water Lane Farm Tarbock Green Liverpool Merseyside L35 1RD
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G. Tai Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
120,000 
120,000 
Current assets
Cash at bank and in hand
13,476 
9,919 
Creditors: amounts falling due within one year
(128,404)
(126,707)
Net current liabilities
(114,928)
(116,788)
Net assets
5,072 
3,212 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
5,071 
3,211 
Shareholders' funds
5,072 
3,212 
For the year ending 31 August 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 her 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 30 May 2025 and were signed on its behalf by
G. Laragione Director Company Registration No. 12909413
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G. Tai Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
G. Tai Ltd is a private company, limited by shares, registered in England and Wales, registration number 12909413. The registered office is 1 Stable Court Business Centre, Water Lane, Tarbock Green, Prescot, Merseyside, L35 1RD, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
0%
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 September 2023
120,000 
At 31 August 2024
120,000 
Depreciation
At 31 August 2024
- 
Net book value
At 31 August 2024
120,000 
At 31 August 2023
120,000 
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G. Tai Ltd Notes to the Accounts for the year ended 31 August 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,395 
840 
Other creditors
1,163 
1,163 
Loans from directors
125,212 
124,091 
Accruals
634 
613 
128,404 
126,707 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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