Registered Number 08078514

GT MOTORS & RECOVERIES LTD

Micro-entity Accounts

31 May 2025

GT MOTORS & RECOVERIES LTD Registered Number 08078514

Micro-entity Balance Sheet as at 31 May 2025

Notes 2025 2024
£ £
Fixed Assets
4,743
6,324
Current Assets
89,680
54,684
Creditors: amounts falling due within one year
(72,733)
(19,525)
Net current assets (liabilities)
16,947
35,159
Total assets less current liabilities
21,690
41,483
Creditors: amounts falling due after more than one year
(11,696)
(21,457)
Total net assets (liabilities)
9,994
20,026
Capital and reserves
9,994
20,026
  • For the year ending 31 May 2025 the company was entitled to exemption 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
  • The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 September 2026

And signed on their behalf by:
Tomasz Lukasz Obrebski, Director

GT MOTORS & RECOVERIES LTD Registered Number 08078514

Notes to the Micro-entity Accounts for the period ended 31 May 2025

1Employees
2025 2024
Average number of employees during the period 1 3

2Accounting Policies

Basis of measurement and preparation of accounts
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 acm•rdance with the accounting policies.

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

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the
company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
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