Registered number
14333923
GN Sports Ltd
Unaudited Filleted Accounts
31 March 2024
GN Sports Ltd
Registered number: 14333923
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 4,000 5,500
Cash at bank and in hand 6,879 8,500
10,879 14,000
Creditors: amounts falling due within one year 4 (4,594) (9,999)
Net current assets 6,285 4,001
Net assets 6,285 4,001
Capital and reserves
Called up share capital 1 1
Profit and loss account 6,284 4,000
Shareholder's funds 6,285 4,001
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr G Nolan
Director
Approved by the board on 8 November 2024
GN Sports Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. No provision for deferred tax has been made since the directors are of the opinion that no liability will crystallise in the foreseeable future.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Debtors 2024 2023
£ £
Trade debtors 4,000 5,500
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 770 1,408
Other creditors 3,824 8,591
4,594 9,999
5 Other information
GN Sports Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Herringbone Apartments
1 Courthouse Way
London
SW18 4PF
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