Company Registration No. NI650116 (Northern Ireland)
Gsc Computers Ltd
Unaudited accounts
for the year ended 31 March 2025
Gsc Computers Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
1,181
1,467
Inventories
206,500
135,750
Cash at bank and in hand
1,315
3,622
Creditors: amounts falling due within one year
(197,214)
(143,924)
Net current assets
15,238
85
Called up share capital
1
1
Profit and loss account
16,418
1,551
Shareholders' funds
16,419
1,552
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 8 October 2025 and were signed on its behalf by
Gary Conaughty
Director
Company Registration No. NI650116
Gsc Computers Ltd
Notes to the Accounts
for the year ended 31 March 2025
Gsc Computers Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI650116. The registered office is 2 Fernisky Road, Ballymena, BT42 3JP, United Kingdom.
2
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of computers is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Having reviewed the resources available the director believes that the company has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in the preparation of its financial statements.
Gsc Computers Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,875
6,927
Amounts owed to group undertakings and other participating interests
-
30,603
Taxes and social security
7,489
3,044
Loans from directors
148,600
94,201
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 2 (2024: 3).