2022-03-01 09441744 2023-02-28 09441744 2022-03-01 2023-02-28 09441744 2022-02-28 09441744 2021-03-01 2022-02-28 09441744 uk-core:WithinOneYear 2022-02-28 09441744 uk-core:WithinOneYear 2023-02-28 09441744 uk-core:AfterOneYear 2022-02-28 09441744 uk-core:AfterOneYear 2023-02-28 09441744 uk-core:ShareCapital 2023-02-28 09441744 uk-core:ShareCapital 2022-02-28 09441744 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 09441744 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 09441744 uk-bus:Director1 2022-03-01 2023-02-28 09441744 uk-core:ComputerEquipment 2022-03-01 2023-02-28 09441744 uk-core:WithinOneYear 2023-02-28 09441744 uk-core:WithinOneYear 2022-02-28 09441744 uk-core:AfterOneYear uk-core:Secured 2023-02-28 09441744 uk-core:AfterOneYear uk-core:Secured 2022-02-28 iso4217:GBP xbrli:pure 09441744 uk-bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 09441744 uk-bus:FRS102 2022-03-01 2023-02-28 09441744 uk-bus:FullAccounts 2022-03-01 2023-02-28 09441744 uk-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28
Gd Europe Ltd
Registered Number:09441744
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2023
Gd Europe Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
09441744
As at 28 February 2023
Gd Europe Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
1,697
641
2
1,697
641
Current assets
Inventories
572,791
627,969
3
Trade and other receivables
38,686
70,077
4
243,197
Cash and cash equivalents
241,848
939,894
854,674
Trade and other payables: amounts falling due within one
year
(65,737)
(182,628)
5
788,937
757,266
Net current assets
Total assets less current liabilities
758,963
789,578
Trade and other payables: amounts falling due after more
than one year
(34,694)
(25,208)
6
733,755
Net assets
754,884
Capital and reserves
Called up share capital
100
100
Retained earnings
733,655
754,784
733,755
754,884
Shareholders' funds
For the year ended 28 February 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 of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
CIEJKA, Pawel Director
These financial statements were approved and authorised for issue by the Board on 26 September 2023 and were signed by:
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4
Registered Number :
09441744
For the year ended 28 February 2023
Gd Europe Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 28 February 2023
Gd Europe Ltd
Notes to the Financial Statements
Statutory Information
Gd Europe Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
09441744.
Registered address:
Unit 8 Maple Park
Essex Road
Hoddesdon
EN11 0EX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
30 % Straight line
Computer Equipment
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
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6
For the year ended 28 February 2023
Gd Europe Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
At 01 March 2022
5,285
2,318
Additions
At 28 February 2023
7,603
Provision for depreciation and impairment
At 01 March 2022
4,644
Charge for year
1,262
At 28 February 2023
5,906
At 28 February 2023
Net book value
1,697
At 28 February 2022
641
3. Inventories
2022
2023
£
£
Stocks
627,969
572,791
4. Trade and other receivables
2022
2023
£
£
Trade debtors
32,027
24,255
Other debtors
38,050
14,431
38,686
70,077
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7
For the year ended 28 February 2023
Gd Europe Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
21,924
13,572
Trade creditors
48,124
3,679
Taxation and social security
9,670
1,061
Debentures
103,098
-
Other creditors
(188)
47,425
182,628
65,737
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
25,208
34,694
7. Average number of persons employed
During the year the average number of employees was 6 (2022 : 7)
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