GB TRADERS LONDON LIMITED
Statement of financial position
as at 31 January 2024
Tangible assets
13,574
49,560
Inventories
174,450
190,361
Cash at bank and in hand
67,501
220,946
Creditors: amounts falling due within one year
(151,351)
(264,479)
Net current assets
90,600
146,828
Total assets less current liabilities
104,174
196,388
Creditors: amounts falling due after more than one year
-
(100,000)
Called up share capital
1
1
Profit and loss account
104,173
96,387
Shareholders' funds
104,174
96,388
For the year ending 31 January 2024 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 9 October 2024 and were signed on its behalf by
AHMED IJAZ
Director
Company Registration No. 09408491
GB TRADERS LONDON LIMITED
Notes to the Accounts
for the year ended 31 January 2024
GB TRADERS LONDON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09408491. The registered office is 1e Moss Mill Industrial Estate, Woodbine Street East, Rochdale, OL16 5LB, UK.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
20% Straightline
Computer equipment
20% Straightline
4
Tangible fixed assets
Total
5
Average number of employees
During the year the average number of employees was 21 (2023: 15).