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Company Registration No. 13879690 (England and Wales)
G&D07 Limited Unaudited accounts for the year ended 31 January 2024
G&D07 Limited Unaudited accounts Contents
Page
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G&D07 Limited Company Information for the year ended 31 January 2024
Directors
Mr G A Jones Mrs D Jones
Company Number
13879690 (England and Wales)
Registered Office
2 Exeter Street Cottingham East Riding of Yorkshire HU16 4LU England
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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G&D07 Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
250 
375 
Current assets
Debtors
5,638 
- 
Cash at bank and in hand
56 
2,542 
5,694 
2,542 
Creditors: amounts falling due within one year
(5,794)
(1,953)
Net current (liabilities)/assets
(100)
589 
Total assets less current liabilities
150 
964 
Provisions for liabilities
Deferred tax
(48)
(71)
Net assets
102 
893 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2 
793 
Shareholders' funds
102 
893 
For the year ending 31 January 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 13 June 2024 and were signed on its behalf by
Mr G A Jones Director Company Registration No. 13879690
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G&D07 Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
G&D07 Limited is a private company, limited by shares, registered in England and Wales, registration number 13879690. The registered office is 2 Exeter Street, Cottingham , East Riding of Yorkshire , HU16 4LU, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment
25% at Cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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G&D07 Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
500 
At 31 January 2024
500 
Depreciation
At 1 February 2023
125 
Charge for the year
125 
At 31 January 2024
250 
Net book value
At 31 January 2024
250 
At 31 January 2023
375 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
5,638 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
5,794 
4,536 
Loans from directors
- 
(2,583)
5,794 
1,953 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan to Director
- 
5,638 
- 
5,638 
- 
5,638 
- 
5,638 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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