GTG Energy Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12872257

GTG ENERGY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

28 February 2025

GTG ENERGY LIMITED

STATEMENT OF FINANCIAL POSITION

28 February 2025

	2025		2024
Note	£	£	£	£

CURRENT ASSETS

Debtors	4	6,557	6,539
Cash at bank and in hand		4,175	5,183
		---------	---------
		10,732	11,722

CREDITORS: amounts falling due within one year	5	16,692		16,476
		---------		---------
NET CURRENT LIABILITIES			5,960		4,754
			--------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 5,960)		( 4,754)
			--------		--------
NET LIABILITIES			( 5,960)		( 4,754)
			--------		--------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	( 6,060)	( 4,854)
	--------	--------
SHAREHOLDERS DEFICIT	( 5,960)	( 4,754)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

GTG ENERGY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 27 November 2025 , and are signed on behalf of the board by:

Mr G M Brown

Director

Company registration number: 12872257

GTG ENERGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 71 Shetcliffe Lane, Bradford, West Yorkshire, BD4 6QJ, England.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis not withstanding there was a deficiency of net assets at the year end. The directors have agreed to postpone the repayment of their loan accounts until sufficient funds are available.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

4. DEBTORS

	2025	2024
	£	£
Other debtors	6,557	6,539
	--------	--------

5. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,092	876
Other creditors	15,600	15,600
	---------	---------
	16,692	16,476
	---------	---------

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors loan accounts were in credit. The loans were in relation to all of the directors and are repayable on demand, unsecured and interest free. The balance at 28 February 2025 was £15,000 (2024 - £15,000)