GINOS FRY LTD

Company Registration Number:
11572389 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2020

Period of accounts

Start date: 01 October 2019

End date: 30 September 2020

GINOS FRY LTD

Contents of the Financial Statements

for the Period Ended 30 September 2020

Balance sheet
Notes

GINOS FRY LTD

Balance sheet

As at 30 September 2020


Notes

2020

2019


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 13,134 950
Investments:   0 0
Total fixed assets: 13,134 950
Current assets
Stocks: 4,500 4,900
Debtors: 4 3,258 4,287
Cash at bank and in hand: 53,594 6,853
Investments:   0 0
Total current assets: 61,352 16,040
Creditors: amounts falling due within one year: 5 (29,006) (18,399)
Net current assets (liabilities): 32,346 (2,359)
Total assets less current liabilities: 45,480 (1,409)
Creditors: amounts falling due after more than one year: 6 (40,000) 0
Provision for liabilities: (2,496) (181)
Total net assets (liabilities): 2,984 (1,590)
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 2,983 (1,591)
Shareholders funds: 2,984 (1,590)

The notes form part of these financial statements

GINOS FRY LTD

Balance sheet statements

For the year ending 30 September 2020 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 September 2022
and signed on behalf of the board by:

Name: Gino Cortellessa
Status: Director

The notes form part of these financial statements

GINOS FRY LTD

Notes to the Financial Statements

for the Period Ended 30 September 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and servicesprovided in the normal course of business, and is shown net of VAT and other sales related taxes. The fairvalue of consideration takes into account trade discounts, settlement discounts and volume rebates.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of thegoods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can bemeasured reliably, it is probable that the economic benefits associated with the transaction will flow to theentity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values overtheir useful lives on the following bases:Plant and equipment 25% Straight lineFixtures and fittings 25% Straight lineComputers 33.33% Straight line

GINOS FRY LTD

Notes to the Financial Statements

for the Period Ended 30 September 2020

2. Employees

2020 2019
Average number of employees during the period 10 7

GINOS FRY LTD

Notes to the Financial Statements

for the Period Ended 30 September 2020

3. Tangible Assets

Total
Cost £
At 01 October 2019 1,365
Additions 17,103
Disposals 0
Revaluations 0
Transfers 0
At 30 September 2020 18,468
Depreciation
At 01 October 2019 415
Charge for year 4,919
On disposals 0
Other adjustments 0
At 30 September 2020 5,334
Net book value
At 30 September 2020 13,134
At 30 September 2019 950

GINOS FRY LTD

Notes to the Financial Statements

for the Period Ended 30 September 2020

4. Debtors

2020 2019
££
Debtors due after more than one year: 0 0

GINOS FRY LTD

Notes to the Financial Statements

for the Period Ended 30 September 2020

5. Creditors: amounts falling due within one year note

Trade creditors £3,259 Corporation tax £3,002 Other taxation and social security £17,813 Other creditors £4,932

GINOS FRY LTD

Notes to the Financial Statements

for the Period Ended 30 September 2020

6. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts £40,000