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Company Registration No. 12367761 (England and Wales)
GE CLOSE OUT SERVICES LTD Unaudited accounts for the year ended 31 December 2023
GE CLOSE OUT SERVICES LTD Unaudited accounts Contents
Page
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GE CLOSE OUT SERVICES LTD Company Information for the year ended 31 December 2023
Director
Alexander Rees Clow
Company Number
12367761 (England and Wales)
Registered Office
THE BISCUIT FACTORY BUILDING F, STUDIO 5 100 CLEMENTS RD LONDON SE16 4DG UNITED KINGDOM
Accountants
Relax Tax Limited 5 Central Parade Station Road Sidcup Kent DA15 7DH
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GE CLOSE OUT SERVICES LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,725 
5,047 
Current assets
Debtors
280,832 
65,534 
Cash at bank and in hand
991 
3,805 
281,823 
69,339 
Creditors: amounts falling due within one year
(236,942)
(64,614)
Net current assets
44,881 
4,725 
Net assets
47,606 
9,772 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
47,506 
9,672 
Shareholders' funds
47,606 
9,772 
For the year ending 31 December 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 27 August 2024 and were signed on its behalf by
Alexander Rees Clow Director Company Registration No. 12367761
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GE CLOSE OUT SERVICES LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
GE CLOSE OUT SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 12367761. The registered office is THE BISCUIT FACTORY BUILDING F, STUDIO 5, 100 CLEMENTS RD, LONDON, SE16 4DG, UNITED KINGDOM.
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.
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:
Plant & machinery
25% reducing balance method
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
9,691 
At 31 December 2023
9,691 
Depreciation
At 1 January 2023
4,644 
Charge for the year
2,322 
At 31 December 2023
6,966 
Net book value
At 31 December 2023
2,725 
At 31 December 2022
5,047 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
280,832 
65,534 
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GE CLOSE OUT SERVICES LTD Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
8,122 
9,803 
Trade creditors
149,098 
11,000 
Taxes and social security
(9,378)
(1,726)
Other creditors
57,655 
25,813 
Loans from directors
12,482 
19,724 
Accruals
18,963 
- 
236,942 
64,614 
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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