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Registered Number: 10945736


 

 

 

GTI TRANSPORT LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2024

End date: 30 September 2025

GTI Transport Ltd
Contents Page
For the year ended 30 September 2025
Directors Simon Gilmartin
Megan Gilmartin
Registered Number 10945736
Registered Office 339 Two Mile Hill Road
Kingswood
Bristol
Bristol
BS15 1AN
Accountants Ingle & Company limited
339 Two Mile Hill Road
Kingswood
BS15 1AN
1
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 September 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Ingle & Company limited
30 September 2025



....................................................

Ingle & Company limited
339 Two Mile Hill Road
Kingswood
BS15 1AN
26 June 2026
2
 
 		 Notes
 		 2025
£		   2024
£
Fixed assets      
Tangible fixed assets 3 3,162,801    3,172,603 
3,162,801    3,172,603 
Current assets      
Debtors 4 2,410,454    1,522,599 
Cash at bank and in hand 4,256    29,025 
2,414,710    1,551,624 
Creditors: amount falling due within one year 5 (3,066,022)   (2,018,936)
Net current assets (651,312)   (467,312)
 
Total assets less current liabilities 2,511,489    2,705,291 
Creditors: amount falling due after more than one year 6 (1,726,344)   (1,799,424)
Provisions for liabilities 7 (353,883)   (252,466)
Net assets 431,262    653,401 
 

Capital and reserves 		     
Called up share capital 8 2    2 
Profit and loss account 431,260    653,399 
Shareholders' funds 431,262    653,401 
 


For the year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.
The financial statements were approved by the board of directors on 26 June 2026 and were signed on its behalf by:


-------------------------------
Simon Gilmartin
Director		-------------------------------
Megan Gilmartin
Director
3
General Information
GTI Transport Ltd is a private company, limited by shares, registered in , registration number 10945736, registration address 339 Two Mile Hill Road, Kingswood, Bristol, Bristol, BS15 1AN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15 % Reducing Balance
Motor Vehicles 15 % Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 38 (2024 : 42).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 October 2024 9,047    4,123,192    4,132,239 
Additions 356,500    258,469    614,969 
Disposals -    (202,750)   (202,750)
At 30 September 2025 365,547    4,178,911    4,544,458 
Depreciation
At 01 October 2024 3,353    956,283    959,636 
Charge for year 48,082    487,098    535,180 
On disposals -    (113,159)   (113,159)
At 30 September 2025 51,435    1,330,222    1,381,657 
Net book values
Closing balance as at 30 September 2025 314,112    2,848,689    3,162,801 
Opening balance as at 01 October 2024 5,694    3,166,909    3,172,603 


4.

Debtors: amounts falling due within one year

2025
£		   2024
£
Trade Debtors 2,103,526    1,466,099 
Other Debtors 304,574    52,500 
2,408,100    1,518,599 

4.

Debtors: amounts falling due after one year

2025
£		   2024
£
Prepayments 2,354    4,000 
2,354    4,000 

5.

Creditors: amount falling due within one year

2025
£		   2024
£
Trade Creditors 105,617    162,845 
Bank Loans & Overdrafts 274,136    117,630 
PAYE & Social Security 57,935    32,647 
Accrued Expenses 2,539    5,198 
Other Creditors 1,279,285    711,268 
Obligations under HP/Financial Leases 855,688    740,025 
Santander Company Credit Card 9,853    8,020 
HSBC Company Credit Card 19,777    10,815 
Capital on Tap Credit Card 1,437    0 
Directors' Current Accounts 811    473 
VAT 458,944    230,015 
3,066,022    2,018,936 

6.

Creditors: amount falling due after more than one year

2025
£		   2024
£
Bank Loans & Overdrafts 156,719    69,444 
Obligations Under HP/Financial Leases 1,569,625    1,729,980 
1,726,344    1,799,424 

7.

Provisions for liabilities

2025
£		   2024
£
Deferred Tax 353,883    252,466 
353,883    252,466 

8.

Share Capital

Allotted, called up and fully paid
2025
£		   2024
£
2 Class A shares of £1.00 each 2    2 
2    2 

4