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REGISTERED NUMBER: 03753576 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

G.A. Pawnbrokers Limited

G.A. Pawnbrokers Limited (Registered number: 03753576)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


G.A. Pawnbrokers Limited (Registered number: 03753576)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 747,301 229,482

Current assets
Stocks 1,489,905 1,850,481
Debtors 5 2,122,427 1,981,978
Cash at bank and in hand 150,589 222,557
3,762,921 4,055,016
Creditors
Amounts falling due within one year 6 187,260 266,766
Net current assets 3,575,661 3,788,250
Total assets less current liabilities 4,322,962 4,017,732

Creditors
Amounts falling due after more than one
year

7

(491,825

)

-

Provisions for liabilities - (6,918 )
Net assets 3,831,137 4,010,814

Capital and reserves
Called up share capital 9 200 200
Retained earnings 3,830,937 4,010,614
Shareholders' funds 3,831,137 4,010,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

G.A. Pawnbrokers Limited (Registered number: 03753576)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





D G Newman - Director


G.A. Pawnbrokers Limited (Registered number: 03753576)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

G.A. Pawnbrokers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03753576

Registered office: 7 Brighton Place
Brighton
United Kingdom
East Sussex
BN1 1HJ

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

The company's reporting period was twelve months. The comparative period was shortened to eleven months to align with associated companies year ends. The two sets of accounts are therefore not immediately comparable.

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.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings- 2% on cost (land not depreciated) and straight line over the life of the lease
Fixtures and fittings - 25% reducing balance
Computer equipment - 25% reducing balance
Motor vehicles - 25% 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.


G.A. Pawnbrokers Limited (Registered number: 03753576)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 32 (2023 - 19 ) .

G.A. Pawnbrokers Limited (Registered number: 03753576)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. Tangible fixed assets
Fixtures
Freehold Long and
property leasehold fittings
£    £    £   
Cost
At 1 April 2023 126,559 62,685 94,240
Additions 531,617 - -
At 31 March 2024 658,176 62,685 94,240
Depreciation
At 1 April 2023 2,426 121 68,454
Charge for year 3,037 64 6,447
At 31 March 2024 5,463 185 74,901
Net book value
At 31 March 2024 652,713 62,500 19,339
At 31 March 2023 124,133 62,564 25,786

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 April 2023 15,995 5,074 304,553
Additions - - 531,617
At 31 March 2024 15,995 5,074 836,170
Depreciation
At 1 April 2023 2,333 1,737 75,071
Charge for year 3,415 835 13,798
At 31 March 2024 5,748 2,572 88,869
Net book value
At 31 March 2024 10,247 2,502 747,301
At 31 March 2023 13,662 3,337 229,482

G.A. Pawnbrokers Limited (Registered number: 03753576)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,765,013 1,415,822
Amounts owed by participating interests 174,735 236,735
Other debtors 182,679 329,421
2,122,427 1,981,978

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 6,130 6,654
Trade creditors 125,129 104,658
Taxation and social security 33,898 30,326
Other creditors 22,103 125,128
187,260 266,766

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 491,825 -

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 497,955 -

These loans are secured on the freehold property.

G.A. Pawnbrokers Limited (Registered number: 03753576)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. Called up share capital


Number

Class
Nominal
value

2024

2023
£ £   
100 Ordinary £1 100 100
51 Ordinary A £1 51 51
20 Ordinary B £1 20 20
20 Ordinary C £1 20 20
9 Ordinary D £1 9 9
------ -------
200 200

===== ====



10. Other financial commitments

At the year end the company had operating leases commitments totalling £28,374.

11. Related party disclosures

Within creditors is £9,726 (2023: £117,928) owed to a director.