GLT High Wycombe Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13535406 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

GLT HIGH WYCOMBE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr Stephen Ronald Montgomery

Mr Ben Hobbs

GLT Electrical Wholesalers Ltd

REGISTERED OFFICE:

Unit 1

40:40 Link

Mill End Road

High Wycombe

Buckinghamshire

HP12 4AX

REGISTERED NUMBER:

13535406 (England and Wales)

ACCOUNTANTS:

Mackenzie Dodd Consulting Limited

Accountant and Business Advisers

St Mary's Court

The Broadway

Old Amersham

Buckinghamshire

HP7 OUT

CURRENT ASSETS

Cash in hand

100

100

CREDITORS

Amounts falling due within one year

4

(42,155

)

(146,194

)

NET CURRENT LIABILITIES

(42,055

)

(146,094

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(42,055

)

(146,094

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(42,155

)

(146,194

)

(42,055

)

(146,094

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 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.

The financial statements were approved by the Board of Directors and authorised for issue on 14 December 2023 and were signed on its behalf by:

GLT Electrical Wholesalers Ltd - Director

Mr Stephen Ronald Montgomery - Director

Mr Ben Hobbs - Director

1.	STATUTORY INFORMATION

GLT High Wycombe Ltd 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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgement, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods and the subsequent profit is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, and usually on dispatch of the goods. The amount of profit earned and revenue can then be measured reliably.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 6 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Amounts owed to group undertakings

42,155

146,194

5.	ULTIMATE CONTROLLING PARTY