Company Registration No. 07584807 (England and Wales)
GB Fame Ltd
Unaudited accounts
for the period from 1 April 2023 to 31 December 2023
GB Fame Ltd
Unaudited accounts
Contents
GB Fame Ltd
Company Information
for the period from 1 April 2023 to 31 December 2023
Company Number
07584807 (England and Wales)
Registered Office
103 High Street
Waltham Cross
Hertfordshire
EN8 7AN
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
GB Fame Ltd
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
2,674
15,738
Creditors: amounts falling due within one year
(64,555)
(65,955)
Net current liabilities
(58,694)
(49,009)
Total assets less current liabilities
(58,693)
(49,008)
Creditors: amounts falling due after more than one year
(19,932)
(27,966)
Net liabilities
(78,625)
(76,974)
Called up share capital
100
100
Profit and loss account
(78,725)
(77,074)
Shareholders' funds
(78,625)
(76,974)
For the period ending 31 December 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 29 January 2024 and were signed on its behalf by
Mr G. Gamliel
Director
Company Registration No. 07584807
GB Fame Ltd
Notes to the Accounts
for the period from 1 April 2023 to 31 December 2023
GB Fame Ltd is a private company, limited by shares, registered in England and Wales, registration number 07584807. The registered office is 103 High Street, Waltham Cross, Hertfordshire, EN8 7AN.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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
10% Straight Line
Computer equipment
33 1/3% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The director, having considered the net liability position of the company and made due enquiries, continues to adopt the going concern basis in preparing the financial statements as he will support the company and believes the company will continue in operation for the foreseeable future.
GB Fame Ltd
Notes to the Accounts
for the period from 1 April 2023 to 31 December 2023
4
Tangible fixed assets
Fixtures & fittings
5
Debtors
31/12/2023
31/03/2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
31/12/2023
31/03/2023
Other creditors
63,955
65,955
7
Creditors: amounts falling due after more than one year
31/12/2023
31/03/2023
8
Share capital
31/12/2023
31/03/2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
The company was under the control of Mr G. Gamliel during the year who is personally interested in 100% of the company's share capital.
10
Average number of employees
During the period the average number of employees was 0 (31/03/2023: 0).