GAMS TRADE LTD

Company Registration Number:
12229783 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2022

Period of accounts

Start date: 01 October 2021

End date: 30 September 2022

GAMS TRADE LTD

Contents of the Financial Statements

for the Period Ended 30 September 2022

Balance sheet
Notes

GAMS TRADE LTD

Balance sheet

As at 30 September 2022


Notes

2022

2021


£

£
Called up share capital not paid: 714,000
Fixed assets
Intangible assets: 3 76,000 21,500
Tangible assets: 4 1,695,000 895,000
Investments: 5 127,000 67,200
Total fixed assets: 1,898,000 983,700
Current assets
Stocks: 1,257,000 514,200
Debtors:   969,432 325,660
Cash at bank and in hand: 575,788 287,350
Investments:   256,000 153,900
Total current assets: 3,058,220 1,281,110
Creditors: amounts falling due within one year:   (224,566) (159,000)
Net current assets (liabilities): 2,833,654 1,122,110
Total assets less current liabilities: 4,731,654 2,819,810
Creditors: amounts falling due after more than one year:   (53,000) (61,000)
Provision for liabilities: (126,500) (85,000)
Total net assets (liabilities): 4,552,154 2,673,810
Capital and reserves
Called up share capital: 4,552,154 2,673,810
Shareholders funds: 4,552,154 2,673,810

The notes form part of these financial statements

GAMS TRADE LTD

Balance sheet statements

For the year ending 30 September 2022 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 04 May 2023
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 2022

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 2022

2. Employees

2022 2021
Average number of employees during the period 57 44

GAMS TRADE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2022

3. Intangible Assets

Total
Cost £
At 01 October 2021 21,500
Additions 54,500
At 30 September 2022 76,000
Net book value
At 30 September 2022 76,000
At 30 September 2021 21,500

GAMS TRADE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2022

4. Tangible Assets

Total
Cost £
At 01 October 2021 895,000
Additions 800,000
At 30 September 2022 1,695,000
Net book value
At 30 September 2022 1,695,000
At 30 September 2021 895,000

GAMS TRADE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2022

5. Fixed investments

Purchase of commercial property