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Company Registration No. 14873056 (England and Wales)
G-G’S CORNER LTD Unaudited accounts for the period from 16 May 2023 to 31 May 2024
G-G’S CORNER LTD Unaudited accounts Contents
Page
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G-G’S CORNER LTD Company Information for the period from 16 May 2023 to 31 May 2024
Director
Justin Green
Company Number
14873056 (England and Wales)
Registered Office
24 Picton House Hussar Court Waterlooville Hampshire PO7 7SQ
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G-G’S CORNER LTD Statement of financial position as at 31 May 2024
2024 
Notes
£ 
Fixed assets
Intangible assets
3,600 
Tangible assets
9,435 
13,035 
Current assets
Cash at bank and in hand
3,708 
Creditors: amounts falling due within one year
(40,815)
Net current liabilities
(37,107)
Net liabilities
(24,072)
Capital and reserves
Called up share capital
100 
Profit and loss account
(24,172)
Shareholders' funds
(24,072)
For the period ending 31 May 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.
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
Justin Green Director Company Registration No. 14873056
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G-G’S CORNER LTD Notes to the Accounts for the period from 16 May 2023 to 31 May 2024
1
Statutory information
G-G’S CORNER LTD is a private company, limited by shares, registered in England and Wales, registration number 14873056. The registered office is 24 Picton House Hussar Court, Waterlooville, Hampshire, PO7 7SQ.
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 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:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 16 May 2023
- 
Additions
4,000 
At 31 May 2024
4,000 
Amortisation
At 16 May 2023
- 
Charge for the period
400 
At 31 May 2024
400 
Net book value
At 31 May 2024
3,600 
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G-G’S CORNER LTD Notes to the Accounts for the period from 16 May 2023 to 31 May 2024
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 16 May 2023
- 
- 
- 
Additions
12,038 
358 
12,396 
At 31 May 2024
12,038 
358 
12,396 
Depreciation
Charge for the period
2,946 
15 
2,961 
At 31 May 2024
2,946 
15 
2,961 
Net book value
At 31 May 2024
9,092 
343 
9,435 
6
Creditors: amounts falling due within one year
2024 
£ 
Taxes and social security
540 
Other creditors
8,111 
Loans from directors
31,788 
Accruals
376 
40,815 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Justin Green
Director Loan Account
- 
(41,116)
(9,328)
(31,788)
- 
(41,116)
(9,328)
(31,788)
8
Average number of employees
During the period the average number of employees was 0.
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