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Company Registration No. 11651737 (England and Wales)
GGY LTD Unaudited accounts for the year ended 31 October 2023
GGY LTD Unaudited accounts Contents
Page
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GGY LTD Company Information for the year ended 31 October 2023
Director
GEORGI GEORGIEV YAKIMOV
Company Number
11651737 (England and Wales)
Registered Office
36 Hollyfield Avenue London N11 3BY United Kingdom
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GGY LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
100 
100 
Fixed assets
Tangible assets
26,696 
33,051 
Creditors: amounts falling due within one year
(633)
(10,861)
Net current liabilities
(633)
(10,861)
Total assets less current liabilities
26,163 
22,290 
Creditors: amounts falling due after more than one year
(41,424)
(36,448)
Net liabilities
(15,261)
(14,158)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(15,361)
(14,258)
Shareholders' funds
(15,261)
(14,158)
For the year ending 31 October 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 9 November 2023 and were signed on its behalf by
GEORGI GEORGIEV YAKIMOV Director Company Registration No. 11651737
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GGY LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
GGY LTD is a private company, limited by shares, registered in England and Wales, registration number 11651737. The registered office is 36 Hollyfield Avenue, London, N11 3BY, 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:18% Deduction
Plant & machinery
18% DEDUCTION
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
52,500 
At 31 October 2023
52,500 
Depreciation
At 1 November 2022
19,449 
Charge for the year
6,355 
At 31 October 2023
25,804 
Net book value
At 31 October 2023
26,696 
At 31 October 2022
33,051 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
633 
4,710 
Taxes and social security
- 
309 
Loans from directors
- 
5,842 
633 
10,861 
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GGY LTD Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,564 
14,376 
Other creditors
28,860 
22,072 
41,424 
36,448 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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