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Company Registration No. 11478917 (England and Wales)
GTB Collective Ltd Unaudited accounts for the year ended 31 July 2025
GTB Collective Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GTB Collective Ltd Company Information for the year ended 31 July 2025
Directors
Mr Peter Heywood Mr Gareth Brooks
Company Number
11478917 (England and Wales)
Registered Office
Unit 5 The Enterprise Centre Dawsons Lane Barwell Leicestershire LE9 8BE UNITED KINGDOM
Accountants
Lilley & Co (UK) Limited Suite 8 57 High Street Ibstock Leicestershire LE67 6LH
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GTB Collective Ltd Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
83,212
65,469
Current assets
Debtors
5
18,968
19,681
Cash at bank and in hand
88,836
98,249
107,804
117,930
Creditors: amounts falling due within one year
6
(15,023)
(20,997)
Net current assets
92,781
96,933
Total assets less current liabilities
175,993
162,402
Creditors: amounts falling due after more than one year
7
(15,283)
(19,162)
Provisions for liabilities
Deferred tax
(15,810)
(12,439)
Net assets
144,900
130,801
Capital and reserves
Called up share capital
2
2
Profit and loss account
144,898
130,799
Shareholders' funds
144,900
130,801
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 9 April 2026 and were signed on its behalf by
Mr Peter Heywood Director Company Registration No. 11478917
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GTB Collective Ltd Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
GTB Collective Ltd is a private company, limited by shares, registered in England and Wales, registration number 11478917. The registered office is Unit 5 The Enterprise Centre, Dawsons Lane, Barwell, Leicestershire, LE9 8BE, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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GTB Collective Ltd Notes to the Accounts for the year ended 31 July 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
70,354
67,551
12,619
150,524
Additions
31,975
22,000
1,457
55,432
Disposals
(32,229)
(9,105)
-
(41,334)
At 31 July 2025
70,100
80,446
14,076
164,622
Depreciation
At 1 August 2024
41,674
33,102
10,279
85,055
Charge for the year
12,614
8,666
2,760
24,040
On disposals
(22,031)
(5,654)
-
(27,685)
At 31 July 2025
32,257
36,114
13,039
81,410
Net book value
At 31 July 2025
37,843
44,332
1,037
83,212
At 31 July 2024
28,680
34,449
2,340
65,469
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
1,743
-
Trade debtors
1,831
1,676
Accrued income and prepayments
15,393
18,004
Other debtors
1
1
18,968
19,681
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,897
3,897
Taxes and social security
5,947
10,570
Loans from directors
1,548
1,904
Accruals
1,657
1,426
Deferred income
1,974
3,200
15,023
20,997
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
15,283
19,162
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GTB Collective Ltd Notes to the Accounts for the year ended 31 July 2025
8
Operating lease commitments
2025
2024
£
£
At 31 July 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
49,267
88,200
Later than one year and not later than five years
8,800
58,067
58,067
146,267
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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