Company Registration No. 04840095 (England and Wales)
GENERALDIRECT FINANCE LIMITED
Unaudited accounts
for the year ended 30 November 2023
GENERALDIRECT FINANCE LIMITED
Unaudited accounts
Contents
GENERALDIRECT FINANCE LIMITED
Company Information
for the year ended 30 November 2023
Company Number
04840095 (England and Wales)
Registered Office
4 Stansfield Grove
KENILWORTH
Warwickshire
CV8 2SB
England
GENERALDIRECT FINANCE LIMITED
Statement of financial position
as at 30 November 2023
Intangible assets
3,040
3,840
Tangible assets
9,271
13,376
Inventories
161,493
136,022
Cash at bank and in hand
36,780
15,474
Creditors: amounts falling due within one year
(40,125)
(36,244)
Net current assets
170,037
139,275
Total assets less current liabilities
182,348
156,491
Creditors: amounts falling due after more than one year
(103,680)
(79,116)
Called up share capital
20,001
20,001
Profit and loss account
58,667
57,374
Shareholders' funds
78,668
77,375
For the year ending 30 November 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 28 August 2024 and were signed on its behalf by
RJ Knibbs
Director
Company Registration No. 04840095
GENERALDIRECT FINANCE LIMITED
Notes to the Accounts
for the year ended 30 November 2023
GENERALDIRECT FINANCE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04840095. The registered office is 4 Stansfield Grove, KENILWORTH, Warwickshire, CV8 2SB, 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.
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.
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 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
GENERALDIRECT FINANCE LIMITED
Notes to the Accounts
for the year ended 30 November 2023
5
Tangible fixed assets
Fixtures & fittings
At 30 November 2023
65,771
At 30 November 2023
56,500
At 30 November 2022
13,376
Amounts falling due within one year
Trade debtors
4,166
16,300
Accrued income and prepayments
7,723
7,723
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,600
6,600
Trade creditors
20,000
19,000
Taxes and social security
11,897
10,644
8
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
74,169
44,250
9
Operating lease commitments
2023
2022
At 30 November 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
-
96,000
GENERALDIRECT FINANCE LIMITED
Notes to the Accounts
for the year ended 30 November 2023
Generaldirect Finance Limited is a wholly owned subsidiary of Generaldirect Limited
11
Average number of employees
During the year the average number of employees was 4 (2022: 4).