GT Energy UK Limited - Accounts to registrar (filleted) - small 18.2

GT Energy UK Limited - Accounts to registrar (filleted) - small 18.2

GT ENERGY UK LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v20.1.5.71 08451346 Board of Directors Board of Directors 1.1.19 31.12.19 31.12.19 true false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure084513462018-12-31084513462019-12-31084513462019-01-012019-12-31084513462017-12-31084513462018-01-012018-12-31084513462018-12-3108451346ns16:EnglandWales2019-01-012019-12-3108451346ns15:PoundSterling2019-01-012019-12-3108451346ns11:Director12019-01-012019-12-3108451346ns11:Director22019-01-012019-12-3108451346ns11:PrivateLimitedCompanyLtd2019-01-012019-12-3108451346ns11:SmallEntities2019-01-012019-12-3108451346ns11:AuditExempt-NoAccountantsReport2019-01-012019-12-3108451346ns11:SmallCompaniesRegimeForDirectorsReport2019-01-012019-12-3108451346ns11:SmallCompaniesRegimeForAccounts2019-01-012019-12-3108451346ns11:AbridgedAccounts2019-01-012019-12-310845134612019-01-012019-12-3108451346ns11:OrdinaryShareClass12019-01-012019-12-3108451346ns11:Director32019-01-012019-12-3108451346ns11:Director42019-01-012019-12-3108451346ns11:Director52019-01-012019-12-3108451346ns11:CompanySecretary12019-01-012019-12-3108451346ns11:RegisteredOffice2019-01-012019-12-3108451346ns6:CurrentFinancialInstruments2019-12-3108451346ns6:CurrentFinancialInstruments2018-12-3108451346ns6:ShareCapital2019-12-3108451346ns6:ShareCapital2018-12-3108451346ns6:SharePremium2019-12-3108451346ns6:SharePremium2018-12-3108451346ns6:RetainedEarningsAccumulatedLosses2019-12-3108451346ns6:RetainedEarningsAccumulatedLosses2018-12-3108451346ns6:DevelopmentCostsCapitalisedDevelopmentExpenditure2019-01-012019-12-3108451346ns11:OrdinaryShareClass12019-12-31
REGISTERED NUMBER: 08451346 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2019

for

GT Energy UK Limited
GT Energy UK Limited (Registered number: 08451346)






Contents of the Financial Statements
for the Year Ended 31 December 2019




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GT Energy UK Limited

Company Information
for the Year Ended 31 December 2019







DIRECTORS: P Hanly
Lcif Representatives Limited
C Mccarthy
N Treston
D Brown





SECRETARY:





REGISTERED OFFICE: PO Box GT Energy
23 Austin Friars
London
EC2N 2QP





REGISTERED NUMBER: 08451346 (England and Wales)





ACCOUNTANTS: DM Accounting Limited
Suite 38d
The Enterprise Centre
Cranborne Road
Potters Bar
Hertfordshire
EN6 3DQ
Page 1
GT Energy UK Limited (Registered number: 08451346)

Abridged Balance Sheet
31 December 2019

31.12.19 31.12.18
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 939,145 939,145
Investments 5 81,300 81,300
1,020,445 1,020,445

CURRENT ASSETS
Debtors 5,080 8,221
Cash at bank 48,587 154,938
53,667 163,159
CREDITORS
Amounts falling due within one year 83,756 88,539
NET CURRENT (LIABILITIES)/ASSETS (30,089 ) 74,620
TOTAL ASSETS LESS CURRENT
LIABILITIES
990,356
1,095,065

CAPITAL AND RESERVES
Called up share capital 6 785,426 785,426
Share premium 1,462,991 1,462,991
Retained earnings (1,258,061 ) (1,153,352 )
SHAREHOLDERS' FUNDS 990,356 1,095,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
GT Energy UK Limited (Registered number: 08451346)

Abridged Balance Sheet - continued
31 December 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2020 and were
signed on its behalf by:




C Mccarthy - Director



P Hanly - Director


The notes form part of these financial statements

Page 3
GT Energy UK Limited (Registered number: 08451346)

Notes to the Financial Statements
for the Year Ended 31 December 2019

1. STATUTORY INFORMATION

GT Energy UK Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Intangible assets
Research and development

Expenditure on research activities in the profit and loss account as an expenses as incurred.

Expenditure on development activities may be capitalised if the product or process is technically and
commercially feasible and the entity intends and has the technical ability and sufficient resources to complete
development , future economic benefits are probable and if the entity can measure reliably the expenditure
attributable to the intangible asset during its development. Expenditure capitalised includes the cost of materials,
direct labour and an appropriate proportion of overheads and capitalised borrowing costs. Other expenditure is
recognised in the profit and loss account as incurred.

Capitalised development expenditure is stated at cost less accumulated amortisation and less accumulated
impairment losses.

Amortisation is charged to the profit and loss account on a straight line basis over the estimated useful life of the
asset.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

Page 4 continued...
GT Energy UK Limited (Registered number: 08451346)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2019
and 31 December 2019 939,145
NET BOOK VALUE

At 31 December 2019 939,145
At 31 December 2018 939,145

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2019
and 31 December 2019 81,300
NET BOOK VALUE
At 31 December 2019 81,300
At 31 December 2018 81,300

The company holds a 100% investment in GT Energy Limited, a company incorporated in Ireland.

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.19 31.12.18
value: £    £   
785,426 Ordinary £1 785,426 785,426

Page 5