Company registration number 13630538 (England and Wales)
GTECH (RETAINING WALL SPECIALIST) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
GTECH (RETAINING WALL SPECIALIST) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
GTECH (RETAINING WALL SPECIALIST) LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
2
81,054
20,182
Current assets
Debtors
3
16,823
25,061
Cash at bank and in hand
57,814
38,750
74,637
63,811
Creditors: amounts falling due within one year
4
(53,371)
(9,912)
Net current assets
21,266
53,899
Net assets
102,320
74,081
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
102,220
73,981
Total equity
102,320
74,081
For the financial year ended 30 September 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 of its financial statements for the year in question in accordance with section 476.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 21 May 2025
S Gee
Director
Company registration number 13630538 (England and Wales)
GTECH (RETAINING WALL SPECIALIST) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information
Gtech (Retaining Wall Specialist) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Empire House, Mulcture Hall Road, Halifax, HX1 1SP.
1.1
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. The principal accounting policies adopted are set out below.
1.2
Turnover
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.
When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
3 year straight basis
Motor vehicles
25% reducing balance basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
GTECH (RETAINING WALL SPECIALIST) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
2
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 October 2023
1,030
23,400
24,430
Additions
68,604
68,604
At 30 September 2024
1,030
92,004
93,034
Depreciation and impairment
At 1 October 2023
573
3,675
4,248
Depreciation charged in the year
229
7,503
7,732
At 30 September 2024
802
11,178
11,980
Carrying amount
At 30 September 2024
228
80,826
81,054
At 30 September 2023
457
19,725
20,182
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
16,823
25,061
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
41,148
3,383
Corporation tax
2,141
4,191
Other taxation and social security
8,388
Other creditors
193
46
Accruals and deferred income
1,501
2,292
53,371
9,912