27 November 2020 false No description of principal activity Taxfiler 2022.8.3 13047710business:PrivateLimitedCompanyLtd2020-11-272022-01-31 130477102020-11-26 130477102020-11-272022-01-31 13047710business:AuditExemptWithAccountantsReport2020-11-272022-01-31 13047710business:FullAccounts2020-11-272022-01-31 130477102022-01-31 13047710business:Director22020-11-272022-01-31 13047710business:RegisteredOffice2020-11-272022-01-31 13047710core:WithinOneYear2022-01-31 13047710core:ShareCapital2022-01-31 13047710core:RetainedEarningsAccumulatedLosses2022-01-31 13047710business:SmallEntities2020-11-272022-01-31 13047710countries:EnglandWales2020-11-272022-01-31 13047710core:PlantMachinery2020-11-272022-01-31 13047710core:PlantMachinery2020-11-26 13047710core:PlantMachinery2022-01-31 13047710core:AfterOneYear2022-01-31 iso4217:GBP xbrli:pure
Company Registration No. 13047710 (England and Wales)
GJ BARGAINS LTD Unaudited accounts for the period from 27 November 2020 to 31 January 2022
GJ BARGAINS LTD Unaudited accounts Contents
Page
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GJ BARGAINS LTD Company Information for the period from 27 November 2020 to 31 January 2022
Director
Mr M Killarney
Company Number
13047710 (England and Wales)
Registered Office
SUITE 25, BARKAT HOUSE 116 - 118 FINCHLEY ROAD LONDON GREATER LONDON NW3 5HT UNITED KINGDOM
Accountants
GIA Foley & Co Ltd West Clayton Buisness Centre Berry Lane Chorleywood Hertfordshire WD3 5EX
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GJ BARGAINS LTD Statement of financial position as at 31 January 2022
2022 
Notes
£ 
Fixed assets
Tangible assets
9,000 
Current assets
Inventories
172,215 
Debtors
20,088 
Cash at bank and in hand
2,958 
195,261 
Creditors: amounts falling due within one year
(172,852)
Net current assets
22,409 
Net assets
31,409 
Capital and reserves
Called up share capital
1 
Profit and loss account
31,408 
Shareholders' funds
31,409 
For the period ending 31 January 2022 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 August 2022 and were signed on its behalf by
Mr M Killarney Director Company Registration No. 13047710
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GJ BARGAINS LTD Notes to the Accounts for the period from 27 November 2020 to 31 January 2022
1
Statutory information
GJ BARGAINS LTD is a private company, limited by shares, registered in England and Wales, registration number 13047710. The registered office is SUITE 25, BARKAT HOUSE, 116 - 118 FINCHLEY ROAD, LONDON, GREATER LONDON, NW3 5HT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 27 November 2020
- 
Additions
12,000 
At 31 January 2022
12,000 
Depreciation
Charge for the period
3,000 
At 31 January 2022
3,000 
Net book value
At 31 January 2022
9,000 
5
Debtors: amounts falling due within one year
2022 
£ 
Accrued income and prepayments
10,460 
Debtors: amounts falling due after more than one year
Other debtors
9,628 
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GJ BARGAINS LTD Notes to the Accounts for the period from 27 November 2020 to 31 January 2022
6
Creditors: amounts falling due within one year
2022 
£ 
VAT
3,913 
Trade creditors
123,414 
Taxes and social security
4,577 
Other creditors
39,748 
Accruals
1,200 
172,852 
7
Average number of employees
During the period the average number of employees was 8.
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