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Company registration number:
04343192
Gta (UK) Ltd
Unaudited Filleted Financial Statements for the year ended
31 December 2025
West Bridgford Accountancy Limited
Chartered Accountants
43 Edward Road, West Bridgford, Nottingham, Nottinghamshire, NG2 5GE, United Kingdom
Gta (UK) Ltd
Statement of Financial Position
31 December 2025
20252024
Note££
Fixed assets    
Tangible assets 5
8,390
 
11,053
 
Current assets    
Stocks
88,705
 
51,516
 
Debtors 6
86,149
 
76,990
 
Cash at bank and in hand
184,707
 
140,592
 
359,561
 
269,098
 
Creditors: amounts falling due within one year 7
(118,260
 )
(101,068
 )
Net current assets
241,301
 
168,030
 
Total assets less current liabilities 249,691   179,083  
Provisions for liabilities
(2,097
 )
(2,199
 )
Net assets
247,594
 
176,884
 
Capital and reserves    
Called up share capital
10
 
10
 
Profit and loss account
247,584
 
176,874
 
Shareholders funds
247,594
 
176,884
 
For the year ending
31 December 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.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
2 July 2026
, and are signed on behalf of the board by:
S Nawaz
D Skinner
DirectorDirector
Company registration number:
04343192
Gta (UK) Ltd
Notes to the Financial Statements
Year ended
31 December 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
34 Nottingham South Ind Estate
,
Ruddington Lane Wilford
,
Nottingham
,
Nottinghamshire
,
NG11 7EP
.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Current tax

Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
20% Straight line
Plant and machinery
Plant & Machinery - 20% straight line and Equipment on Loan - 50% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors, loans from banks and other third parties and loans to related parties.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured at amortised costs.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Foreign currencies

Monetary 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 ruling on the date of the transaction.

4 Average number of employees

The average number of persons employed by the company during the year was
4
(2024:
4.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 January 2025
and
31 December 2025
1,335
 
36,597
 
37,932
 
Depreciation      
At
1 January 2025
1,335
 
25,544
 
26,879
 
Charge -  
2,663
 
2,663
 
At
31 December 2025
1,335
 
28,207
 
29,542
 
Carrying amount      
At
31 December 2025
 -  
8,390
 
8,390
 
At 31 December 2024 -  
11,053
 
11,053
 

6 Debtors

20252024
££
Trade debtors
80,605
 
72,978
 
Other debtors
5,544
 
4,012
 
86,149
 
76,990
 

7 Creditors: amounts falling due within one year

20252024
££
Trade creditors
70,922
 
61,513
 
Taxation and social security
45,238
 
37,305
 
Other creditors
2,100
 
2,250
 
118,260
 
101,068
 

8 Controlling party

The company's immediate and ultimate parent undertaking is Ins-UK Holdings Ltd. Ins-UK Holdings Ltd is incorporated in England and Wales. Accounts may be obtained from 34 Nottingham South Ind Estate, Ruddington Lane Wilford, Nottingham, Nottinghamshire, NG11 7EP. The ultimate controlling party is Mr Nawaz who controls 100% of the shares of Ins-UK Holdings Ltd.