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REGISTERED NUMBER: 11806426 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 27 February 2024

for

G.G. LOGISTIX LTD

G.G. LOGISTIX LTD (REGISTERED NUMBER: 11806426)

Contents of the Financial Statements
for the Year Ended 27 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.G. LOGISTIX LTD

Company Information
for the Year Ended 27 February 2024







DIRECTORS: Ms M R O Akinola
Mr N Obeng-Ameyaw





REGISTERED OFFICE: 19 North Street
Ashford
Kent
TN24 8LF





REGISTERED NUMBER: 11806426 (England and Wales)





ACCOUNTANTS: Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent
TN24 8LF

G.G. LOGISTIX LTD (REGISTERED NUMBER: 11806426)

Balance Sheet
27 February 2024

27.2.24 27.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,106 10,132

CURRENT ASSETS
Debtors 5 28,541 84,794
Investments 6 193,295 183,295
Cash at bank 219,397 157,714
441,233 425,803
CREDITORS
Amounts falling due within one year 7 233,161 214,564
NET CURRENT ASSETS 208,072 211,239
TOTAL ASSETS LESS CURRENT LIABILITIES 216,178 221,371

CREDITORS
Amounts falling due after more than one
year

8

29,167

34,722
NET ASSETS 187,011 186,649

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 186,911 186,549
187,011 186,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

G.G. LOGISTIX LTD (REGISTERED NUMBER: 11806426)

Balance Sheet - continued
27 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





Ms M R O Akinola - Director


G.G. LOGISTIX LTD (REGISTERED NUMBER: 11806426)

Notes to the Financial Statements
for the Year Ended 27 February 2024


1. STATUTORY INFORMATION

G.G. Logistix Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

G.G. LOGISTIX LTD (REGISTERED NUMBER: 11806426)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 28 February 2023
and 27 February 2024 13,920
DEPRECIATION
At 28 February 2023 3,788
Charge for year 2,026
At 27 February 2024 5,814
NET BOOK VALUE
At 27 February 2024 8,106
At 27 February 2023 10,132

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.24 27.2.23
£    £   
Other debtors 28,541 84,794

6. CURRENT ASSET INVESTMENTS
27.2.24 27.2.23
£    £   
Investment 193,295 183,295

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.24 27.2.23
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 45,867 22,730
Taxation and social security 67,697 16,021
Other creditors 114,041 170,257
233,161 214,564

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
27.2.24 27.2.23
£    £   
Bank loans 29,167 34,722