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Company Registration No. 11858024 (England and Wales)
GYG TRADE LIMITED Unaudited accounts for the year ended 31 March 2023
GYG TRADE LIMITED Unaudited accounts Contents
Page
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GYG TRADE LIMITED Company Information for the year ended 31 March 2023
Director
Georgi Georgiev
Company Number
11858024 (England and Wales)
Registered Office
114 Gresty rd Crewe CW2 6EF
Accountants
DoKument Ltd Corbet Arms High Street Market Drayton Shropshire TF9 1PY
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GYG TRADE LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,240 
- 
Current assets
Inventories
9,444 
9,444 
Debtors
15,000 
- 
Cash at bank and in hand
5,672 
1,659 
30,116 
11,103 
Creditors: amounts falling due within one year
(26,460)
4,141 
Net current assets
3,656 
15,244 
Net assets
6,896 
15,244 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
6,895 
15,243 
Shareholders' funds
6,896 
15,244 
For the year ending 31 March 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 22 November 2023 and were signed on its behalf by
Georgi Georgiev Director Company Registration No. 11858024
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GYG TRADE LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
GYG TRADE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11858024. The registered office is 114 Gresty rd, Crewe, CW2 6EF.
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:
Fixtures & fittings
25% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
- 
Revaluations
25,000 
At 31 March 2023
25,000 
Amortisation
At 1 April 2022
- 
On disposals
25,000 
At 31 March 2023
25,000 
Net book value
At 31 March 2023
- 
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GYG TRADE LIMITED Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
- 
Additions
4,320 
At 31 March 2023
4,320 
Depreciation
Charge for the year
1,080 
At 31 March 2023
1,080 
Net book value
At 31 March 2023
3,240 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
15,000 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(40)
39 
Trade creditors
4,950 
1,243 
Taxes and social security
102 
557 
Loans from directors
20,920 
(5,980)
Accruals
528 
- 
26,460 
(4,141)
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 2 (2022: 4).
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