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Company Registration No. 13047710 (England and Wales)
GJ BARGAINS LTD Unaudited accounts for the year ended 31 January 2023
GJ BARGAINS LTD Unaudited accounts Contents
Page
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GJ BARGAINS LTD Company Information for the year ended 31 January 2023
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 Business Centre Berry Lane Chorleywood Hertfordshire WD3 5EX
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GJ BARGAINS LTD Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,873 
9,000 
Current assets
Inventories
230,000 
172,215 
Debtors
43,880 
20,088 
Cash at bank and in hand
29,728 
2,958 
303,608 
195,261 
Creditors: amounts falling due within one year
(125,564)
(172,852)
Net current assets
178,044 
22,409 
Total assets less current liabilities
188,917 
31,409 
Creditors: amounts falling due after more than one year
(163,857)
- 
Net assets
25,060 
31,409 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
25,059 
31,408 
Shareholders' funds
25,060 
31,409 
For the year ending 31 January 2023 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 26 September 2023 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 year ended 31 January 2023
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 remained unchanged from the previous year, and also 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
Fixtures & fittings
25% reducing balance
Computer equipment
33% reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2022
12,000 
- 
- 
12,000 
Additions
- 
4,067 
1,602 
5,669 
At 31 January 2023
12,000 
4,067 
1,602 
17,669 
Depreciation
At 1 February 2022
3,000 
- 
- 
3,000 
Charge for the year
2,250 
1,017 
529 
3,796 
At 31 January 2023
5,250 
1,017 
529 
6,796 
Net book value
At 31 January 2023
6,750 
3,050 
1,073 
10,873 
At 31 January 2022
9,000 
- 
- 
9,000 
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GJ BARGAINS LTD Notes to the Accounts for the year ended 31 January 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
26 
- 
Accrued income and prepayments
11,454 
10,460 
Other debtors
32,400 
- 
43,880 
10,460 
Amounts falling due after more than one year
Other debtors
- 
9,628 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
12,366 
3,913 
Trade creditors
88,724 
123,414 
Taxes and social security
21,821 
4,577 
Other creditors
1,010 
39,748 
Loans from directors
443 
- 
Accruals
1,200 
1,200 
125,564 
172,852 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
163,857 
- 
8
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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