GX PRO SHOP LTD

Company Registration Number:
12443486 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

GX PRO SHOP LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

GX PRO SHOP LTD

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Current assets
Stocks: 77,570 57,276
Cash at bank and in hand: 77,237 52,012
Total current assets: 154,807 109,288
Creditors: amounts falling due within one year:   (113,719) (76,958)
Net current assets (liabilities): 41,088 32,330
Total assets less current liabilities: 41,088 32,330
Creditors: amounts falling due after more than one year:   (17,615) (23,135)
Total net assets (liabilities): 23,473 9,195
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 23,463 9,185
Shareholders funds: 23,473 9,195

The notes form part of these financial statements

GX PRO SHOP LTD

Balance sheet statements

For the year ending 31 March 2023 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 28 September 2023
and signed on behalf of the board by:

Name: Alex Nelson
Status: Director

The notes form part of these financial statements

GX PRO SHOP LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

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 measured at the fair value of the consideration received or receivable for goods supplied, netof discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership havetransferred to the buyer, usually on despatch of the goods; the amount of revenue can be measuredreliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurredor to be incurred in respect of the transactions can be measured reliably.

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocksto their present location and condition.

GX PRO SHOP LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 8 11