REGISTERED NUMBER: 04361196

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

GTS Enterprise Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Stefanello

S J L Tweddell

SECRETARY:

S J L Tweddell

REGISTERED OFFICE:

The Annex

143-145 Stanwell Road

Ashford

Middlesex

TW15 3QN

REGISTERED NUMBER:

04361196

ACCOUNTANT:

Robert Thorne FCCA

Chartered Certified Accountant

The Annex

143-145 Stanwell Road

Ashford

Middlesex

TW15 3QN

FIXED ASSETS

Tangible assets

4

220,509

307,164

CURRENT ASSETS

Debtors

5

695,535

1,178,734

Cash at bank

3,714,810

3,828,283

4,410,345

5,007,017

CREDITORS

Amounts falling due within one year

6

1,494,401

1,843,159

NET CURRENT ASSETS

2,915,944

3,163,858

TOTAL ASSETS LESS CURRENT LIABILITIES

3,136,453

3,471,022

PROVISIONS FOR LIABILITIES

55,127

75,224

NET ASSETS

3,081,326

3,395,798

CAPITAL AND RESERVES

Called up share capital

80

80

Retained earnings

3,081,246

3,395,718

SHAREHOLDERS' FUNDS

3,081,326

3,395,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 22 August 2025 and were signed on its behalf by:

S J L Tweddell - Director

1.	STATUTORY INFORMATION

GTS Enterprise Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

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.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

328,115

8,252

761,213

116,487

1,214,067

Additions

-

-

9,200

1,756

10,956

Disposals

(96,803

)

(8,252

)

(244,217

)

(111,594

)

(460,866

)

At 28 February 2025

231,312

-

526,196

6,649

764,157

DEPRECIATION

At 1 March 2024

304,357

8,252

479,702

114,592

906,903

Charge for year

3,245

-

68,697

2,217

74,159

Eliminated on disposal

(89,274

)

(8,252

)

(228,294

)

(111,594

)

(437,414

)

At 28 February 2025

218,328

-

320,105

5,215

543,648

NET BOOK VALUE

At 28 February 2025

12,984

-

206,091

1,434

220,509

At 29 February 2024

23,758

-

281,511

1,895

307,164

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Trade debtors

659,240

1,053,068

Other debtors

36,295

125,666

695,535

1,178,734

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Trade creditors

853,344

1,408,397

Taxation and social security

168,411

104,714

Other creditors

472,646

330,048

1,494,401

1,843,159

7.	ULTIMATE CONTROLLING PARTY

There was no party that could be considered as an ultimate controlling party during the year.