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REGISTERED NUMBER: 05128109 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Gerri's Limited

Gerri's Limited (Registered number: 05128109)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Gerri's Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr S Hanson





REGISTERED OFFICE: Unit 2 Poplar Business Park
Sellwood Court
Sleaford
Lincolnshire
NG34 8GJ





REGISTERED NUMBER: 05128109 (England and Wales)





ACCOUNTANTS: Prestige Accounting Limited T/A Simon Moss & Co
The Finance Centre
34a Southgate
Sleaford
Lincolnshire
NG34 7RY

Gerri's Limited (Registered number: 05128109)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,735 1,799
12,735 1,799

CURRENT ASSETS
Stocks 6 2,427 3,302
Debtors 7 5,344 3,972
Cash at bank and in hand 342 440
8,113 7,714
CREDITORS
Amounts falling due within one year 8 152,310 126,037
NET CURRENT LIABILITIES (144,197 ) (118,323 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(131,462

)

(116,524

)

CREDITORS
Amounts falling due after more than one
year

9

83,845

89,845
NET LIABILITIES (215,307 ) (206,369 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (215,308 ) (206,370 )
SHAREHOLDERS' FUNDS (215,307 ) (206,369 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Gerri's Limited (Registered number: 05128109)

Balance Sheet - continued
31 May 2023


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 8 February 2024 and were signed by:





Mr S Hanson - Director


Gerri's Limited (Registered number: 05128109)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Gerri's Limited 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Gerri's Limited (Registered number: 05128109)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 15,000
AMORTISATION
At 1 June 2022
and 31 May 2023 15,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022 45,901 7,995 53,896
Additions 186 14,995 15,181
At 31 May 2023 46,087 22,990 69,077
DEPRECIATION
At 1 June 2022 44,173 7,924 52,097
Charge for year 479 3,766 4,245
At 31 May 2023 44,652 11,690 56,342
NET BOOK VALUE
At 31 May 2023 1,435 11,300 12,735
At 31 May 2022 1,728 71 1,799

6. STOCKS
31.5.23 31.5.22
£    £   
Stocks 2,427 3,302

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 1,000 2,627
Other debtors - 61
VAT 4,283 1,284
Prepayments 61 -
5,344 3,972

Gerri's Limited (Registered number: 05128109)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 113 242
Social security and other taxes 86 86
Other creditors 1,785 1,785
Directors' current accounts 144,326 117,924
152,310 126,037

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans - 2-5 years 12,000 18,000
Other creditors 71,845 71,845
83,845 89,845

Gerri's Limited

Report of the Accountants to the Director of
Gerri's Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Prestige Accounting Limited T/A Simon Moss & Co
The Finance Centre
34a Southgate
Sleaford
Lincolnshire
NG34 7RY


8 February 2024