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REGISTERED NUMBER: 13920501 (England and Wales)















GAFICO LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

16 FEBRUARY 2022 TO 28 FEBRUARY 2023






GAFICO LTD (REGISTERED NUMBER: 13920501)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 16 FEBRUARY 2022 TO 28 FEBRUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


GAFICO LTD

COMPANY INFORMATION
FOR THE PERIOD 16 FEBRUARY 2022 TO 28 FEBRUARY 2023







DIRECTOR: Mrs E R Van Egmond





REGISTERED OFFICE: Wellendene
44A Cowbit Road
Spalding
Lincolnshire
PE11 2RH





REGISTERED NUMBER: 13920501 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

GAFICO LTD (REGISTERED NUMBER: 13920501)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

Notes £   
CURRENT ASSETS
Debtors 4 12,216
Cash at bank 1,513,872
1,526,088
CREDITORS
Amounts falling due within one year 5 1,507,902
NET CURRENT ASSETS 18,186
TOTAL ASSETS LESS CURRENT LIABILITIES 18,186

CAPITAL AND RESERVES
Called up share capital 6 400
Retained earnings 17,786
SHAREHOLDERS' FUNDS 18,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 November 2023 and were signed by:





Mrs E R Van Egmond - Director


GAFICO LTD (REGISTERED NUMBER: 13920501)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 16 FEBRUARY 2022 TO 28 FEBRUARY 2023

1. STATUTORY INFORMATION

GAFICO Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents investment income. Investment income is recognised as the company's right to receive payment is established

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the period 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 12,216

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 4,653
Other creditors 1,503,249
1,507,902

GAFICO LTD (REGISTERED NUMBER: 13920501)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 16 FEBRUARY 2022 TO 28 FEBRUARY 2023

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
Value: £   

100 M Ordinary £1 100
100 E Ordinary £1 100
100 L Ordinary £1 100
100 G Ordinary £1 100

400 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.