GROUP INTERNATIONAL LTD

Company Registration Number:
04497345 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

GROUP INTERNATIONAL LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

GROUP INTERNATIONAL LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 0 40,000
Tangible assets: 4 43,375 50,652
Total fixed assets: 43,375 90,652
Current assets
Stocks: 2,123,305 1,994,358
Debtors:   51,172 68,839
Cash at bank and in hand: 920,897 986,576
Total current assets: 3,095,374 3,049,773
Creditors: amounts falling due within one year:   (512,490) (641,959)
Net current assets (liabilities): 2,582,884 2,407,814
Total assets less current liabilities: 2,626,259 2,498,466
Creditors: amounts falling due after more than one year:   (600,000) (600,000)
Provision for liabilities: (10,843) (9,274)
Total net assets (liabilities): 2,015,416 1,889,192
Capital and reserves
Called up share capital: 1,000 1,000
Share premium account: 188,488 188,488
Profit and loss account: 1,825,928 1,699,704
Shareholders funds: 2,015,416 1,889,192

The notes form part of these financial statements

GROUP INTERNATIONAL LTD

Balance sheet statements

For the year ending 31 March 2024 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 20 June 2024
and signed on behalf of the board by:

Name: Mr R K Kanda
Status: Director

The notes form part of these financial statements

GROUP INTERNATIONAL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GROUP INTERNATIONAL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 8 8

GROUP INTERNATIONAL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 1,200,000
At 31 March 2024 1,200,000
Amortisation
At 01 April 2023 1,160,000
Charge for year 40,000
At 31 March 2024 1,200,000
Net book value
At 31 March 2024 0
At 31 March 2023 40,000

GROUP INTERNATIONAL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 118,731
Additions 377
At 31 March 2024 119,108
Depreciation
At 01 April 2023 68,079
Charge for year 7,654
At 31 March 2024 75,733
Net book value
At 31 March 2024 43,375
At 31 March 2023 50,652