REGISTERED NUMBER: 05958163 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GP TECHNOLOGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J Wright

Mr N A Wright

SECRETARY:

Mrs J Wright

REGISTERED OFFICE:

Unit 9

Phoenix Park

Stephenson Industrial Estate

Coalville

Leicestershire

LE67 3HB

REGISTERED NUMBER:

05958163 (England and Wales)

FIXED ASSETS

Tangible assets

4

4,204

4,952

CURRENT ASSETS

Cash at bank

5,087

5,357

CREDITORS

Amounts falling due within one year

5

113,038

117,480

NET CURRENT LIABILITIES

(107,951

)

(112,123

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(103,747

)

(107,171

)

CAPITAL AND RESERVES

Called up share capital

134,600

134,600

Retained earnings

(238,347

)

(241,771

)

SHAREHOLDERS' FUNDS

(103,747

)

(107,171

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:

Mr N A Wright - Director

1.	STATUTORY INFORMATION

GP Technology Limited 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

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Going concern

The financial statements have been prepared on a going concern basis. Continuation of the company's activities is dependent on the support of the company's directors. Should the company be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities which might arise and to reclassify fixed assets as current assets.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

4,906

420

4,879

10,205

DEPRECIATION

At 1 April 2024

2,326

364

2,563

5,253

Charge for year

387

14

347

748

At 31 March 2025

2,713

378

2,910

6,001

NET BOOK VALUE

At 31 March 2025

2,193

42

1,969

4,204

At 31 March 2024

2,580

56

2,316

4,952

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

79

Amounts owed to group undertakings

40,000

-

Taxation and social security

4,773

10,599

Other creditors

68,265

106,802

113,038

117,480