G7 COMMERCIAL LTD

Company Registration Number:
09084996 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

G7 COMMERCIAL LTD

Contents of the Financial Statements

for the Period Ended 30 June 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

G7 COMMERCIAL LTD

Company Information

for the Period Ended 30 June 2023




Director: Mr Giedrius Butkevicius
Registered office: 12
Tate Road
Victoria Docks
London
Greater London
E16 2HJ
Company Registration Number: 09084996 (England and Wales)

G7 COMMERCIAL LTD

Balance sheet

As at 30 June 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 34,370 49,602
Total fixed assets: 34,370 49,602
Current assets
Debtors: 5 63,833 89,465
Cash at bank and in hand: 86,271 102,504
Total current assets: 150,104 191,969
Creditors: amounts falling due within one year: 6 ( 63,049 ) ( 111,988 )
Net current assets (liabilities): 87,055 79,981
Total assets less current liabilities: 121,425 129,583
Total net assets (liabilities): 121,425 129,583

The notes form part of these financial statements

G7 COMMERCIAL LTD

Balance sheet continued

As at 30 June 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 121,325 129,483
Shareholders funds: 121,425 129,583

For the year ending 30 June 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 November 2023
And Signed On Behalf Of The Board By:

Name: Mr Giedrius Butkevicius
Status: Director

The notes form part of these financial statements

G7 COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

G7 COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 3 3

G7 COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 3. Off balance sheet disclosure

    No

G7 COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Tangible assets

Plant & machinery Office equipment Motor vehicles Total
Cost £ £ £ £
At 01 July 2022 2,092 1,976 81,366 85,434
Additions 409 880 - 1,289
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 30 June 2023 2,501 2,856 81,366 86,723
Depreciation
At 01 July 2022 1,412 1,429 32,991 35,832
Charge for year 416 546 15,559 16,521
On disposals - - - -
Other adjustments - - - -
At 30 June 2023 1,828 1,975 48,550 52,353
Net book value
At 30 June 2023 673 881 32,816 34,370
At 30 June 2022 680 547 48,375 49,602

G7 COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Debtors


2023
£

2022
£
Trade debtors 6,652 30,125
Prepayments and accrued income 5,233 13,645
Other debtors 51,948 45,695
Total 63,833 89,465

G7 COMMERCIAL LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 18,000 24,000
Amounts due under finance leases and hire purchase contracts 35,092 57,990
Taxation and social security 9,957 19,998
Other creditors 10,000
Total 63,049 111,988