Company Registration No. 03160575 (England and Wales)
GAPS LIMITED
Unaudited accounts
for the year ended 31 March 2025
GAPS LIMITED
Unaudited accounts
Contents
GAPS LIMITED
Company Information
for the year ended 31 March 2025
Company Number
03160575 (England and Wales)
Registered Office
99 CHESTERFIELD ROAD
DRONFIELD
DERBYSHIRE
S18 2XE
Accountants
TITUS ABAYOMI ASSOCIATES
12 ASHLEIGH DRIVE
SHEFFIELD
SOUTH YORKSHIRE
S12 2SA
GAPS LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
172,999
173,658
Cash at bank and in hand
10,196
9,608
Creditors: amounts falling due within one year
(500)
(500)
Net current assets
9,696
9,108
Total assets less current liabilities
182,695
182,766
Creditors: amounts falling due after more than one year
(11,919)
(17,110)
Net assets
170,776
165,656
Called up share capital
158,787
158,787
Capital contribution reserve
10,196
-
Profit and loss account
1,793
6,869
Shareholders' funds
170,776
165,656
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 5 September 2025 and were signed on its behalf by
ALEX W CRAWFORD
Director
Company Registration No. 03160575
GAPS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
GAPS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03160575. The registered office is 99 CHESTERFIELD ROAD, DRONFIELD, DERBYSHIRE, S18 2XE.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
170,000
14,000
184,000
At 31 March 2025
170,000
14,000
184,000
At 1 April 2024
-
10,342
10,342
Charge for the year
-
659
659
At 31 March 2025
-
11,001
11,001
At 31 March 2025
170,000
2,999
172,999
At 31 March 2024
170,000
3,658
173,658
5
Creditors: amounts falling due within one year
2025
2024
GAPS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
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Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
100 Ordinary shares of £1,430.50 each
143,050.00
143,050.00
100 Ordinary shares of £22.89 each
2,289.00
2,289.00
100 Ordinay of £134.48 each
13,448.00
13,448.00
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Average number of employees
During the year the average number of employees was 0 (2024: 0).