GAMS TRADE LTD

Company Registration Number:
12229783 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2021

Period of accounts

Start date: 01 October 2020

End date: 30 September 2021

GAMS TRADE LTD

Contents of the Financial Statements

for the Period Ended 30 September 2021

Balance sheet
Notes

GAMS TRADE LTD

Balance sheet

As at 30 September 2021


Notes

2021

2020


£

£
Called up share capital not paid: 714,800
Fixed assets
Intangible assets: 3 21,500 12,000
Tangible assets: 4 895,000 334,000
Investments: 5 67,200 67,200
Total fixed assets: 983,700 413,200
Current assets
Stocks: 514,200 131,000
Debtors:   325,660 78,400
Cash at bank and in hand: 287,350 127,500
Investments:   153,900 67,200
Total current assets: 1,281,110 404,100
Creditors: amounts falling due within one year:   (159,000) (12,200)
Net current assets (liabilities): 1,122,110 391,900
Total assets less current liabilities: 2,105,810 1,519,900
Creditors: amounts falling due after more than one year:   (61,000) (71,300)
Provision for liabilities: (85,000) (71,300)
Total net assets (liabilities): 1,959,810 1,377,300
Capital and reserves
Called up share capital: 1,959,810 1,377,300
Shareholders funds: 1,959,810 1,377,300

The notes form part of these financial statements

GAMS TRADE LTD

Balance sheet statements

For the year ending 30 September 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 July 2022
and signed on behalf of the board by:

Name: Abdellatif Benaissa
Status: Director

The notes form part of these financial statements

GAMS TRADE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GAMS TRADE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

2. Employees

2021 2020
Average number of employees during the period 44 32

GAMS TRADE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

3. Intangible Assets

Total
Cost £
At 01 October 2020 12,000
Additions 9,500
At 30 September 2021 21,500
Net book value
At 30 September 2021 21,500
At 30 September 2020 12,000

GAMS TRADE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

4. Tangible Assets

Total
Cost £
At 01 October 2020 334,000
Additions 561,000
At 30 September 2021 895,000
Net book value
At 30 September 2021 895,000
At 30 September 2020 334,000

GAMS TRADE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2021

5. Fixed investments

Purchase of building and warehouse