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REGISTERED NUMBER: 09164393 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

GNC 1992 Limited

GNC 1992 Limited (Registered number: 09164393)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GNC 1992 Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: G North
M North





REGISTERED OFFICE: 2 Clifton Moor Business Village
James Nicolson Link
York
North Yorkshire
YO30 4XG





REGISTERED NUMBER: 09164393 (England and Wales)





ACCOUNTANTS: Beckingtons
2 Clifton Moor Business
Village
James Nicolson Link
York
North Yorkshire
YO30 4XG

GNC 1992 Limited (Registered number: 09164393)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,016 13,324
13,016 13,324

CURRENT ASSETS
Stocks 9,975 10,050
Debtors 6 682 926
Cash at bank 23,601 33,907
34,258 44,883
CREDITORS
Amounts falling due within one year 7 172,909 160,028
NET CURRENT LIABILITIES (138,651 ) (115,145 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(125,635

)

(101,821

)

CREDITORS
Amounts falling due after more than one year 8 18,333 28,333
NET LIABILITIES (143,968 ) (130,154 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (143,970 ) (130,156 )
SHAREHOLDERS' FUNDS (143,968 ) (130,154 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GNC 1992 Limited (Registered number: 09164393)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 13 March 2024 and were signed on its behalf by:





G North - Director


GNC 1992 Limited (Registered number: 09164393)

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

1. STATUTORY INFORMATION

GNC 1992 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Computer equipment - 25% 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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 20,000
AMORTISATION
At 1 September 2022
and 31 August 2023 20,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

GNC 1992 Limited (Registered number: 09164393)

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

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 September 2022 34,559 4,290 38,849
Additions 3,657 375 4,032
At 31 August 2023 38,216 4,665 42,881
DEPRECIATION
At 1 September 2022 22,082 3,443 25,525
Charge for year 4,034 306 4,340
At 31 August 2023 26,116 3,749 29,865
NET BOOK VALUE
At 31 August 2023 12,100 916 13,016
At 31 August 2022 12,477 847 13,324

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 680 926
Other debtors 2 -
682 926

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,407 1,241
Taxation and social security 1,307 505
Other creditors 160,195 148,282
172,909 160,028

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 18,333 28,333

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
2 Ordinary £1 2 2