2022-08-262023-08-312023-08-31false14320780G72 DENIM LTD2024-02-1346420iso4217:GBPxbrli:pure143207802022-08-26143207802023-08-31143207802022-08-262023-08-31143207802022-08-25143207802022-08-25143207802022-08-252022-08-2514320780bus:SmallEntities2022-08-262023-08-3114320780bus:AuditExempt-NoAccountantsReport2022-08-262023-08-3114320780bus:FullAccounts2022-08-262023-08-3114320780bus:PrivateLimitedCompanyLtd2022-08-262023-08-3114320780core:WithinOneYear2023-08-3114320780core:AfterOneYear2023-08-3114320780core:WithinOneYear2022-08-2514320780core:AfterOneYear2022-08-2514320780core:ShareCapital2023-08-3114320780core:SharePremium2023-08-3114320780core:RevaluationReserve2023-08-3114320780core:OtherReservesSubtotal2023-08-3114320780core:RetainedEarningsAccumulatedLosses2023-08-3114320780core:ShareCapital2022-08-2514320780core:SharePremium2022-08-2514320780core:RevaluationReserve2022-08-2514320780core:OtherReservesSubtotal2022-08-2514320780core:RetainedEarningsAccumulatedLosses2022-08-2514320780core:LandBuildings2023-08-3114320780core:PlantMachinery2023-08-3114320780core:Vehicles2023-08-3114320780core:FurnitureFittings2023-08-3114320780core:OfficeEquipment2023-08-3114320780core:NetGoodwill2023-08-3114320780core:IntangibleAssetsOtherThanGoodwill2023-08-3114320780core:ListedExchangeTraded2023-08-3114320780core:UnlistedNon-exchangeTraded2023-08-3114320780core:LandBuildings2022-08-2514320780core:PlantMachinery2022-08-2514320780core:Vehicles2022-08-2514320780core:FurnitureFittings2022-08-2514320780core:OfficeEquipment2022-08-2514320780core:NetGoodwill2022-08-2514320780core:IntangibleAssetsOtherThanGoodwill2022-08-2514320780core:ListedExchangeTraded2022-08-2514320780core:UnlistedNon-exchangeTraded2022-08-2514320780core:LandBuildings2022-08-262023-08-3114320780core:PlantMachinery2022-08-262023-08-3114320780core:Vehicles2022-08-262023-08-3114320780core:FurnitureFittings2022-08-262023-08-3114320780core:OfficeEquipment2022-08-262023-08-3114320780core:NetGoodwill2022-08-262023-08-3114320780core:IntangibleAssetsOtherThanGoodwill2022-08-262023-08-3114320780core:ListedExchangeTraded2022-08-262023-08-3114320780core:UnlistedNon-exchangeTraded2022-08-262023-08-3114320780core:MoreThanFiveYears2022-08-262023-08-3114320780core:Non-currentFinancialInstruments2023-08-3114320780core:Non-currentFinancialInstruments2022-08-2514320780dpl:CostSales2022-08-262023-08-3114320780dpl:DistributionCosts2022-08-262023-08-3114320780core:LandBuildings2022-08-262023-08-3114320780core:PlantMachinery2022-08-262023-08-3114320780core:Vehicles2022-08-262023-08-3114320780core:FurnitureFittings2022-08-262023-08-3114320780core:OfficeEquipment2022-08-262023-08-3114320780dpl:AdministrativeExpenses2022-08-262023-08-3114320780core:NetGoodwill2022-08-262023-08-3114320780core:IntangibleAssetsOtherThanGoodwill2022-08-262023-08-3114320780dpl:GroupUndertakings2022-08-262023-08-3114320780dpl:ParticipatingInterests2022-08-262023-08-3114320780dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-262023-08-3114320780core:ListedExchangeTraded2022-08-262023-08-3114320780dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-262023-08-3114320780core:UnlistedNon-exchangeTraded2022-08-262023-08-3114320780dpl:CostSales2022-08-252022-08-2514320780dpl:DistributionCosts2022-08-252022-08-2514320780core:LandBuildings2022-08-252022-08-2514320780core:PlantMachinery2022-08-252022-08-2514320780core:Vehicles2022-08-252022-08-2514320780core:FurnitureFittings2022-08-252022-08-2514320780core:OfficeEquipment2022-08-252022-08-2514320780dpl:AdministrativeExpenses2022-08-252022-08-2514320780core:NetGoodwill2022-08-252022-08-2514320780core:IntangibleAssetsOtherThanGoodwill2022-08-252022-08-2514320780dpl:GroupUndertakings2022-08-252022-08-2514320780dpl:ParticipatingInterests2022-08-252022-08-2514320780dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-252022-08-2514320780core:ListedExchangeTraded2022-08-252022-08-2514320780dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-252022-08-2514320780core:UnlistedNon-exchangeTraded2022-08-252022-08-2514320780core:NetGoodwill2023-08-3114320780core:IntangibleAssetsOtherThanGoodwill2023-08-3114320780core:LandBuildings2023-08-3114320780core:PlantMachinery2023-08-3114320780core:Vehicles2023-08-3114320780core:FurnitureFittings2023-08-3114320780core:OfficeEquipment2023-08-3114320780core:AfterOneYear2023-08-3114320780core:WithinOneYear2023-08-3114320780core:ListedExchangeTraded2023-08-3114320780core:UnlistedNon-exchangeTraded2023-08-3114320780core:ShareCapital2023-08-3114320780core:SharePremium2023-08-3114320780core:RevaluationReserve2023-08-3114320780core:OtherReservesSubtotal2023-08-3114320780core:RetainedEarningsAccumulatedLosses2023-08-3114320780core:NetGoodwill2022-08-2514320780core:IntangibleAssetsOtherThanGoodwill2022-08-2514320780core:LandBuildings2022-08-2514320780core:PlantMachinery2022-08-2514320780core:Vehicles2022-08-2514320780core:FurnitureFittings2022-08-2514320780core:OfficeEquipment2022-08-2514320780core:AfterOneYear2022-08-2514320780core:WithinOneYear2022-08-2514320780core:ListedExc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G72 DENIM LTD

Registered Number
14320780
(England and Wales)

Unaudited Financial Statements for the Period ended
31 August 2023

G72 DENIM LTD
Company Information
for the period from 26 August 2022 to 31 August 2023

Director

FARISHTA, Abbas Ali

Registered Address

2nd Floor, Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

14320780 (England and Wales)
G72 DENIM LTD
Balance Sheet as at
31 August 2023

Notes

2023

£

£

Current assets
Stocks651,500
Debtors754,264
Cash at bank and on hand34
105,798
Creditors amounts falling due within one year8(101,852)
Net current assets (liabilities)3,946
Total assets less current liabilities3,946
Net assets3,946
Capital and reserves
Called up share capital100
Profit and loss account3,846
Shareholders' funds3,946
The financial statements were approved and authorised for issue by the Director on 13 February 2024, and are signed on its behalf by:
FARISHTA, Abbas Ali
Director
Registered Company No. 14320780
G72 DENIM LTD
Notes to the Financial Statements
for the period ended 31 August 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
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).
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Leases policy
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Valuation of financial instruments policy
Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the ontractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortized cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortized. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the resent value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortized. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.
5.Employee information

2023
Average number of employees during the year2
6.Stocks

2023

£
Finished goods51,500
Total51,500
7.Debtors

2023

£
Trade debtors / trade receivables42,051
Other debtors12,213
Total54,264
Included in other debtors is an amount of £9,714 due from the director.
8.Creditors within one year

2023

£
Trade creditors / trade payables72,798
Taxation and social security27,910
Other creditors1,144
Total101,852
9.Finance lease and HP contracts after one year
At the reporting end date the company had a total outstanding commitments for future minimum lease payments under non-cancellable operating leases of £6,800.