Company Registration No. 10299010 (England and Wales)
G Family Ltd
Unaudited accounts
for the year ended 30 June 2023
G Family Ltd
Unaudited accounts
Contents
G Family Ltd
Company Information
for the year ended 30 June 2023
Director
Mr Florin Ghiultu
Company Number
10299010 (England and Wales)
Registered Office
91 GADBY ROAD
SITTINGBOURNE
ME10 1PY
ENGLAND
G Family Ltd
Accountants' report
Accountants' report to the director of G Family Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 June 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 30 June 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
G Family Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
275,417
146,061
Cash at bank and in hand
44,453
26,701
Creditors: amounts falling due within one year
(168,855)
(79,137)
Net current liabilities
(51,769)
(4,331)
Total assets less current liabilities
223,648
141,730
Creditors: amounts falling due after more than one year
(41,386)
(79,169)
Called up share capital
100
100
Profit and loss account
182,162
62,461
Shareholders' funds
182,262
62,561
For the year ending 30 June 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 Florin Ghiultu
Director
Company Registration No. 10299010
G Family Ltd
Notes to the Accounts
for the year ended 30 June 2023
G Family Ltd is a private company, limited by shares, registered in England and Wales, registration number 10299010. The registered office is 91 GADBY ROAD, SITTINGBOURNE, ME10 1PY, ENGLAND.
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.
These financial statements for the year ended 30 June 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
194,748
-
-
194,748
Additions
157,000
62,991
1,098
221,089
At 30 June 2023
351,748
62,991
1,098
415,837
At 1 July 2022
48,687
-
-
48,687
Charge for the year
75,765
15,748
220
91,733
At 30 June 2023
124,452
15,748
220
140,420
At 30 June 2023
227,296
47,243
878
275,417
At 30 June 2022
146,061
-
-
146,061
G Family Ltd
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Other debtors
32,797
20,455
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,778
2,778
Obligations under finance leases and hire purchase contracts
132,227
71,099
Taxes and social security
16,265
-
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
40,000
72,227
8
Average number of employees
During the year the average number of employees was 9 (2022: 9).