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Company Registration No. 11147555 (England and Wales)
G&G CITY LTD Unaudited accounts for the year ended 31 January 2024
G&G CITY LTD Unaudited accounts Contents
Page
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G&G CITY LTD Company Information for the year ended 31 January 2024
Directors
Yue Gu
Secretary
Yue Gu
Company Number
11147555 (England and Wales)
Registered Office
53A & 53B EAST STREET BARKING IG11 8EN ENGLAND
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G&G CITY LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,200 
6,000 
Current assets
Inventories
1,000 
5,672 
Debtors
5,894 
4,562 
Cash at bank and in hand
6,415 
56 
13,309 
10,290 
Creditors: amounts falling due within one year
(8,356)
(1,440)
Net current assets
4,953 
8,850 
Total assets less current liabilities
9,153 
14,850 
Creditors: amounts falling due after more than one year
(20,946)
(28,110)
Net liabilities
(11,793)
(13,260)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(11,893)
(13,360)
Shareholders' funds
(11,793)
(13,260)
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 directors acknowledge their 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 of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
Yue Gu Director Company Registration No. 11147555
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G&G CITY LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
G&G CITY LTD is a private company, limited by shares, registered in England and Wales, registration number 11147555. The registered office is 53A & 53B EAST STREET, BARKING, IG11 8EN, ENGLAND.
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 remained unchanged from the previous year, and also 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:
Plant & machinery
20% Straight line Method
Fixtures & fittings
20% Straight line Method
Computer equipment
20% Straight line Method
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
6,000 
2,000 
1,000 
9,000 
At 31 January 2024
6,000 
2,000 
1,000 
9,000 
Depreciation
At 1 February 2023
1,200 
1,200 
600 
3,000 
Charge for the year
1,200 
400 
200 
1,800 
At 31 January 2024
2,400 
1,600 
800 
4,800 
Net book value
At 31 January 2024
3,600 
400 
200 
4,200 
At 31 January 2023
4,800 
800 
400 
6,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
5,894 
4,562 
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G&G CITY LTD Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
489 
- 
Accruals
720 
1,440 
Deferred income
7,147 
- 
8,356 
1,440 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,946 
28,110 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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