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REGISTERED NUMBER: 06973768 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

GD COMMERCIALS LIMITED

GD COMMERCIALS LIMITED (Registered number: 06973768)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GD COMMERCIALS LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr Geoffrey Paul Astley Ditchburn





REGISTERED OFFICE: 50 Fernhill Road
Bootle
L20 9HH





REGISTERED NUMBER: 06973768 (England and Wales)





ACCOUNTANTS: DBS Corporate Accountants
Suite 4102, Charlotte House
Queens Dock Business Centre
67-83 Norfolk Street
Liverpool
Merseyside
L1 0BG

GD COMMERCIALS LIMITED (Registered number: 06973768)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,836 8,066

CURRENT ASSETS
Stocks 102,746 45,500
Debtors 5 109,986 81,101
Cash at bank and in hand 145,714 250,685
358,446 377,286
CREDITORS
Amounts falling due within one year 6 164,464 169,037
NET CURRENT ASSETS 193,982 208,249
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,818

216,315

CREDITORS
Amounts falling due after more than
one year

7

(76,666

)

(116,667

)

PROVISIONS FOR LIABILITIES (1,109 ) (1,533 )
NET ASSETS 122,043 98,115

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 121,943 98,015
122,043 98,115

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GD COMMERCIALS LIMITED (Registered number: 06973768)

Balance Sheet - continued
31 July 2023


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 director and authorised for issue on 13 October 2023 and were signed by:





Mr Geoffrey Paul Astley Ditchburn - Director


GD COMMERCIALS LIMITED (Registered number: 06973768)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

GD COMMERCIALS 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.

Turnover
Turnover is measured at the fair value of the amounts derived from the services provided by the company falling within its ordinary activities, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

GD COMMERCIALS LIMITED (Registered number: 06973768)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022
and 31 July 2023 6,000 8,934 10,000 19,322 44,256
DEPRECIATION
At 1 August 2022 4,800 8,934 10,000 12,456 36,190
Charge for year 1,200 - - 1,030 2,230
At 31 July 2023 6,000 8,934 10,000 13,486 38,420
NET BOOK VALUE
At 31 July 2023 - - - 5,836 5,836
At 31 July 2022 1,200 - - 6,866 8,066

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 69,302 43,451
Other debtors 40,684 37,650
109,986 81,101

GD COMMERCIALS LIMITED (Registered number: 06973768)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 41,798 40,815
Trade creditors 74,422 72,922
Taxation and social security 43,624 52,345
Other creditors 4,620 2,955
164,464 169,037

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 76,666 116,667