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REGISTERED NUMBER: 12964179 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 October 2023

for


The George 88 Ltd


The George 88 Ltd (Registered number: 12964179)







Contents of the Financial Statements

for the Year Ended 31 October 2023





Page



Balance Sheet  

1



Notes to the Financial Statements  

2

-3



The George 88 Ltd (Registered number: 12964179)


Balance Sheet

31 October 2023



31.10.23

31.10.22




£   

£   

£   

£   


FIXED ASSETS

Intangible assets


24,000


-



Tangible assets


72,234


40,292



96,234


40,292




CURRENT ASSETS

Stocks

2,653


2,467



Debtors


1,419


-



Cash at bank and in hand

5,124


5,848



9,196


8,315



CREDITORS

Amounts falling due within one year


87,761


37,993



NET CURRENT LIABILITIES

(78,565

)

(29,678

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

17,669


10,614




CAPITAL AND RESERVES

Called up share capital


100


100



Retained earnings


17,569


10,514



SHAREHOLDERS' FUNDS

17,669


10,614




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


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


The director acknowledges his 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.

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 director and authorised for issue on 21 August 2024 and were signed by:





G Chekurishvili - Director



The George 88 Ltd (Registered number: 12964179)


Notes to the Financial Statements

for the Year Ended 31 October 2023


1.

STATUTORY INFORMATION



The George 88 Ltd 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:

12964179



Registered office:

77 Inwood Road


Hounslow


TW3 1XH


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 0, is being amortised evenly over its estimated useful life of nil 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.



Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


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.


The George 88 Ltd (Registered number: 12964179)


Notes to the Financial Statements - continued

for the Year Ended 31 October 2023


3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 3 (2022 - 1 ) .