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G.e.d.i Ltd

Unaudited Financial Statements for the Year Ended 31 July 2023






G.e.d.i Ltd (Registered number: 12084165)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.e.d.i Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: J O Ihenacho





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 12084165 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

G.e.d.i Ltd (Registered number: 12084165)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,722 2,962
Investment property 5 375,000 400,000
377,722 402,962

CURRENT ASSETS
Debtors 6 4,486 5,802
Cash at bank 60,150 3,758
64,636 9,560
CREDITORS
Amounts falling due within one year 7 432 2,093
NET CURRENT ASSETS 64,204 7,467
TOTAL ASSETS LESS CURRENT
LIABILITIES

441,926

410,429

CREDITORS
Amounts falling due after more than one
year

8

(224,980

)

(163,836

)

PROVISIONS FOR LIABILITIES (68,278 ) (73,165 )
NET ASSETS 148,668 173,428

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 181,119 201,369
Retained earnings (32,551 ) (28,041 )
SHAREHOLDERS' FUNDS 148,668 173,428

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

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

G.e.d.i Ltd (Registered number: 12084165)

Balance Sheet - continued
31 July 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 9 November 2023 and were signed by:





J O Ihenacho - Director


G.e.d.i Ltd (Registered number: 12084165)

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

1. STATUTORY INFORMATION

G.e.d.i Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured aat the fair value of rent recieved.

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 cost, 20% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 ) .

G.e.d.i Ltd (Registered number: 12084165)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 6,539
Additions 563
At 31 July 2023 7,102
DEPRECIATION
At 1 August 2022 3,577
Charge for year 803
At 31 July 2023 4,380
NET BOOK VALUE
At 31 July 2023 2,722
At 31 July 2022 2,962

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 400,000
Revaluations (25,000 )
At 31 July 2023 375,000
NET BOOK VALUE
At 31 July 2023 375,000
At 31 July 2022 400,000

Investment properties were valued using market data by the director on 31/07/2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,486 5,802

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 1,697
Other creditors 432 396
432 2,093

G.e.d.i Ltd (Registered number: 12084165)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 224,980 162,500
Hire purchase contracts - 1,336
224,980 163,836

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 224,980 162,500

9. RESERVES
Fair
value
reserve
£   
At 1 August 2022 201,369
Fair value movement (20,250 )

At 31 July 2023 181,119

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
J O Ihenacho
Balance outstanding at start of year 5,802 -
Amounts advanced 6,180 5,802
Amounts repaid (5,802 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,180 5,802