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Company Registration No. 6444004 (England and Wales)
GIA FOLEY & CO LIMITED Unaudited accounts for the year ended 31 March 2023
GIA FOLEY & CO LIMITED Unaudited accounts Contents
Page
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GIA FOLEY & CO LIMITED Company Information for the year ended 31 March 2023
Director
Darrell Foley
Company Number
6444004 (England and Wales)
Registered Office
West Clayton Business Centre Berry Lane Chorleywood Hertfordshire WD3 5EX England
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GIA FOLEY & CO LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,003 
1,337 
Current assets
Inventories
30,225 
30,225 
Debtors
145,372 
127,006 
Cash at bank and in hand
2,448 
1,268 
178,045 
158,499 
Creditors: amounts falling due within one year
(151,064)
(121,959)
Net current assets
26,981 
36,540 
Total assets less current liabilities
27,984 
37,877 
Creditors: amounts falling due after more than one year
(27,506)
(36,204)
Net assets
478 
1,673 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
278 
1,473 
Shareholders' funds
478 
1,673 
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 24 December 2023 and were signed on its behalf by
Darrell Foley Director Company Registration No. 6444004
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GIA FOLEY & CO LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
GIA FOLEY & CO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 6444004. The registered office is West Clayton Business Centre, Berry Lane, Chorleywood, Hertfordshire, WD3 5EX, England.
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% Reducing balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
4,606 
At 31 March 2023
4,606 
Depreciation
At 1 April 2022
3,269 
Charge for the year
334 
At 31 March 2023
3,603 
Net book value
At 31 March 2023
1,003 
At 31 March 2022
1,337 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
40,059 
46,924 
Other debtors
105,313 
80,082 
145,372 
127,006 
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GIA FOLEY & CO LIMITED Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,648 
10,648 
Trade creditors
8,552 
8,000 
Taxes and social security
131,864 
103,311 
151,064 
121,959 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
27,506 
36,204 
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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