GAMS TRADE LTD

Company Registration Number:
12229783 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

GAMS TRADE LTD

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

GAMS TRADE LTD

Balance sheet

As at 30 September 2023


Notes

2023

2022


£

£
Called up share capital not paid: 714,000
Fixed assets
Intangible assets: 3 86,000 76,000
Tangible assets: 4 2,356,000 1,695,000
Investments: 5 0 127,000
Total fixed assets: 2,442,000 1,898,000
Current assets
Stocks: 1,825,900 1,257,000
Debtors:   1,657,600 969,432
Cash at bank and in hand: 754,550 575,788
Investments:   38,700 256,000
Total current assets: 4,276,750 3,058,220
Creditors: amounts falling due within one year:   (324,700) (224,566)
Net current assets (liabilities): 3,952,050 2,833,654
Total assets less current liabilities: 6,394,050 5,445,654
Creditors: amounts falling due after more than one year:   (54,700) (53,000)
Provision for liabilities: (246,700) (126,500)
Total net assets (liabilities): 6,092,650 5,266,154
Capital and reserves
Called up share capital: 6,092,650 5,266,154
Shareholders funds: 6,092,650 5,266,154

The notes form part of these financial statements

GAMS TRADE LTD

Balance sheet statements

For the year ending 30 September 2023 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 23 February 2024
and signed on behalf of the board by:

Name: Tyrese Haynes Joseph
Status: Director

The notes form part of these financial statements

GAMS TRADE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

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 2023

2. Employees

2023 2022
Average number of employees during the period 68 57

GAMS TRADE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Intangible Assets

Total
Cost £
At 01 October 2022 76,000
Additions 10,000
At 30 September 2023 86,000
Net book value
At 30 September 2023 86,000
At 30 September 2022 76,000

GAMS TRADE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Tangible Assets

Total
Cost £
At 01 October 2022 1,695,000
Additions 661,000
At 30 September 2023 2,356,000
Net book value
At 30 September 2023 2,356,000
At 30 September 2022 1,695,000

GAMS TRADE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Fixed investments

Commercial property and warehouse purchase