Registered number
11423805
GR Pawnbrokers Ltd
Filleted Accounts
30 June 2023
GR Pawnbrokers Ltd
Registered number: 11423805
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Current assets
Stocks 38,729 -
Debtors 3 599,355 509,037
Cash at bank and in hand 92,046 -
730,130 509,037
Creditors: amounts falling due within one year 4 (39,027) (15,502)
Net current assets 691,103 493,535
Total assets less current liabilities 691,103 493,535
Creditors: amounts falling due after more than one year 5 (327,719) (272,304)
Net assets 363,384 221,231
Capital and reserves
Called up share capital 100 100
Profit and loss account 363,284 221,131
Shareholder's funds 363,384 221,231
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Dodson
Director
Approved by the board on 8 March 2024
GR Pawnbrokers Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Debtors 2023 2022
£ £
Other debtors 599,355 509,037
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,088 864
Taxation and social security costs 34,236 14,638
Other creditors 3,703 -
39,027 15,502
5 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 327,719 272,304
6 Controlling party
The company is controlled by Mr S Dodson.
7 Other information
GR Pawnbrokers Ltd is a private company limited by shares and incorporated in England. Its registered office is:
50 Hoyland Road
Hoyland Common
Barnsley
S74 0PB
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