Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-01falseNo description of principal activityfalse11truefalse 10895873 2024-01-01 2024-12-31 10895873 2023-01-01 2023-12-31 10895873 2024-12-31 10895873 2023-12-31 10895873 c:Director1 2024-01-01 2024-12-31 10895873 c:RegisteredOffice 2024-01-01 2024-12-31 10895873 d:PlantMachinery 2024-01-01 2024-12-31 10895873 d:PlantMachinery 2024-12-31 10895873 d:PlantMachinery 2023-12-31 10895873 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10895873 d:MotorVehicles 2024-01-01 2024-12-31 10895873 d:MotorVehicles 2024-12-31 10895873 d:MotorVehicles 2023-12-31 10895873 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10895873 d:OfficeEquipment 2024-01-01 2024-12-31 10895873 d:OfficeEquipment 2024-12-31 10895873 d:OfficeEquipment 2023-12-31 10895873 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10895873 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10895873 d:CurrentFinancialInstruments 2024-12-31 10895873 d:CurrentFinancialInstruments 2023-12-31 10895873 d:Non-currentFinancialInstruments 2024-12-31 10895873 d:Non-currentFinancialInstruments 2023-12-31 10895873 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10895873 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10895873 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 10895873 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 10895873 d:ShareCapital 2024-12-31 10895873 d:ShareCapital 2023-12-31 10895873 d:RetainedEarningsAccumulatedLosses 2024-12-31 10895873 d:RetainedEarningsAccumulatedLosses 2023-12-31 10895873 c:FRS102 2024-01-01 2024-12-31 10895873 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10895873 c:FullAccounts 2024-01-01 2024-12-31 10895873 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10895873 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 10895873







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


GTS SUPPLIES LTD






































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GTS SUPPLIES LTD
 


 
COMPANY INFORMATION


Director
G D Turner 




Registered number
10895873



Registered office
25 Ruckles Close

Stevenage

SG1 1PE





 


GTS SUPPLIES LTD
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


GTS SUPPLIES LTD
REGISTERED NUMBER:10895873



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,845
3,780

  
1,845
3,780

Current assets
  

Debtors: amounts falling due within one year
 5 
2,937
520

Cash at bank and in hand
  
5,533
8,024

  
8,470
8,544

Creditors: amounts falling due within one year
 6 
(8,999)
(16,342)

Net current liabilities
  
 
 
(529)
 
 
(7,798)

Total assets less current liabilities
  
1,316
(4,018)

Creditors: amounts falling due after more than one year
 7 
(419)
(1,419)

  

Net assets/(liabilities)
  
897
(5,437)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
797
(5,537)

  
897
(5,437)


Page 1

 


GTS SUPPLIES LTD
REGISTERED NUMBER:10895873


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 July 2025.




G D Turner
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


GTS SUPPLIES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

GTS Supplies Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.
The presentation currency of the financial statements is the Pound Sterling (£).

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 Section 1A of Financial Reporting Standard 102, the
Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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.

Page 3

 


GTS SUPPLIES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20% on cost
Motor vehicles
-
33% on cost
Office equipment
-
20% on cost

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.

 
2.5

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

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

Page 4

 


GTS SUPPLIES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
2,368
34,513
1,419
38,300


Additions
-
-
550
550



At 31 December 2024

2,368
34,513
1,969
38,850



Depreciation


At 1 January 2024
1,219
32,868
433
34,520


Charge for the year on owned assets
474
1,645
366
2,485



At 31 December 2024

1,693
34,513
799
37,005



Net book value



At 31 December 2024
675
-
1,170
1,845



At 31 December 2023
1,149
1,645
986
3,780


5.


Debtors

2024
2023
£
£


Trade debtors
2,735
-

Other debtors
202
520

2,937
520



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
999
999

Trade creditors
3,431
3,194

Corporation tax
2,600
-

Other creditors
319
10,499

Accruals and deferred income
1,650
1,650

8,999
16,342


Page 5

 


GTS SUPPLIES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
419
1,419

419
1,419


 
Page 6