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REGISTERED NUMBER: 04840312 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GGS SOUTHERN LIMITED

GGS SOUTHERN LIMITED (REGISTERED NUMBER: 04840312)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GGS SOUTHERN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: S B Trinder





SECRETARY: Mrs M M Evans





REGISTERED OFFICE: Centora Ltd
Jury Farm, Ripley Lane
West Horsley
Surrey
KT24 6JT





REGISTERED NUMBER: 04840312 (England and Wales)





ACCOUNTANTS: Centora Ltd
Jury Farm, Ripley Lane
West Horsley
KT24 6JT

GGS SOUTHERN LIMITED (REGISTERED NUMBER: 04840312)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,989 35,382

CURRENT ASSETS
Stocks 168,865 205,298
Debtors 5 225,049 215,788
Cash at bank 7,334 11,543
401,248 432,629
CREDITORS
Amounts falling due within one year 6 242,095 234,285
NET CURRENT ASSETS 159,153 198,344
TOTAL ASSETS LESS CURRENT LIABILITIES 204,142 233,726

PROVISIONS FOR LIABILITIES 1,927 1,710
NET ASSETS 202,215 232,016

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 202,115 231,916
SHAREHOLDERS' FUNDS 202,215 232,016

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 21 February 2024 and were signed by:





S B Trinder - Director


GGS SOUTHERN LIMITED (REGISTERED NUMBER: 04840312)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

GGS Southern 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.

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 etc - 25% on reducing balance and 15% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

GGS SOUTHERN LIMITED (REGISTERED NUMBER: 04840312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 65,753
Additions 22,495
At 31 December 2023 88,248
DEPRECIATION
At 1 January 2023 30,371
Charge for year 12,888
At 31 December 2023 43,259
NET BOOK VALUE
At 31 December 2023 44,989
At 31 December 2022 35,382

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 216,464 210,396
Other debtors 8,585 5,392
225,049 215,788

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 94,143 67,800
Trade creditors 131,176 110,362
Taxation and social security 16,269 43,359
Other creditors 507 12,764
242,095 234,285