Silverfin false false 31/03/2025 01/04/2024 31/03/2025 J E Clarke 23/06/2014 A Smithson 14/06/2019 30 June 2025 The principal activity of the Company during the financial year is that of motor engineering. 04596519 2025-03-31 04596519 bus:Director1 2025-03-31 04596519 bus:Director2 2025-03-31 04596519 2024-03-31 04596519 core:CurrentFinancialInstruments 2025-03-31 04596519 core:CurrentFinancialInstruments 2024-03-31 04596519 core:ShareCapital 2025-03-31 04596519 core:ShareCapital 2024-03-31 04596519 core:RetainedEarningsAccumulatedLosses 2025-03-31 04596519 core:RetainedEarningsAccumulatedLosses 2024-03-31 04596519 core:PlantMachinery 2024-03-31 04596519 core:Vehicles 2024-03-31 04596519 core:FurnitureFittings 2024-03-31 04596519 core:OfficeEquipment 2024-03-31 04596519 core:ComputerEquipment 2024-03-31 04596519 core:PlantMachinery 2025-03-31 04596519 core:Vehicles 2025-03-31 04596519 core:FurnitureFittings 2025-03-31 04596519 core:OfficeEquipment 2025-03-31 04596519 core:ComputerEquipment 2025-03-31 04596519 2024-04-01 2025-03-31 04596519 bus:FilletedAccounts 2024-04-01 2025-03-31 04596519 bus:SmallEntities 2024-04-01 2025-03-31 04596519 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04596519 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04596519 bus:Director1 2024-04-01 2025-03-31 04596519 bus:Director2 2024-04-01 2025-03-31 04596519 core:PlantMachinery 2024-04-01 2025-03-31 04596519 core:Vehicles 2024-04-01 2025-03-31 04596519 core:FurnitureFittings 2024-04-01 2025-03-31 04596519 core:OfficeEquipment core:TopRangeValue 2024-04-01 2025-03-31 04596519 core:ComputerEquipment core:TopRangeValue 2024-04-01 2025-03-31 04596519 2023-04-01 2024-03-31 04596519 core:OfficeEquipment 2024-04-01 2025-03-31 04596519 core:ComputerEquipment 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company No: 04596519 (England and Wales)

G. T. MOTOR SERVICES LTD.

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

G. T. MOTOR SERVICES LTD.

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

G. T. MOTOR SERVICES LTD.

BALANCE SHEET

As at 31 March 2025
G. T. MOTOR SERVICES LTD.

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 6,669 3,631
6,669 3,631
Current assets
Stocks 4 1,050 4,050
Debtors 5 7,091 8,407
Cash at bank and in hand 228,125 218,313
236,266 230,770
Creditors: amounts falling due within one year 6 ( 70,655) ( 81,601)
Net current assets 165,611 149,169
Total assets less current liabilities 172,280 152,800
Provision for liabilities ( 1,724) ( 908)
Net assets 170,556 151,892
Capital and reserves
Called-up share capital 110 110
Profit and loss account 170,446 151,782
Total shareholder's funds 170,556 151,892

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of G. T. Motor Services Ltd. (registered number: 04596519) were approved and authorised for issue by the Board of Directors on 30 June 2025. They were signed on its behalf by:

J E Clarke
Director
A Smithson
Director
G. T. MOTOR SERVICES LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
G. T. MOTOR SERVICES LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

G. T. Motor Services Ltd. (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 3 years straight line
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 5

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Computer equipment Total
£ £ £ £ £ £
Cost
At 01 April 2024 48,875 10,371 13,367 2,081 850 75,544
Additions 0 0 0 541 3,822 4,363
At 31 March 2025 48,875 10,371 13,367 2,622 4,672 79,907
Accumulated depreciation
At 01 April 2024 46,762 9,524 13,316 2,081 230 71,913
Charge for the financial year 528 212 12 42 531 1,325
At 31 March 2025 47,290 9,736 13,328 2,123 761 73,238
Net book value
At 31 March 2025 1,585 635 39 499 3,911 6,669
At 31 March 2024 2,113 847 51 0 620 3,631

4. Stocks

2025 2024
£ £
Stocks 1,050 4,050

5. Debtors

2025 2024
£ £
Trade debtors 5,347 7,250
Other debtors 1,744 1,157
7,091 8,407

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 12,657 12,986
Taxation and social security 39,533 46,973
Other creditors 18,465 21,642
70,655 81,601

7. Ultimate controlling party

Parent Company:

G. T. Motor Services Holdings Limited
Towngate House, 2-8 Parkstone Road, Poole, Dorset, United Kingdom, BH15 2PW