Acorah Software Products - Accounts Production 16.0.110 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 08551534 Mrs Bhamini Viralkumar Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08551534 2023-05-31 08551534 2024-05-31 08551534 2023-06-01 2024-05-31 08551534 frs-core:CurrentFinancialInstruments 2024-05-31 08551534 frs-core:Non-currentFinancialInstruments 2024-05-31 08551534 frs-core:ComputerEquipment 2024-05-31 08551534 frs-core:ComputerEquipment 2023-06-01 2024-05-31 08551534 frs-core:ComputerEquipment 2023-05-31 08551534 frs-core:ShareCapital 2024-05-31 08551534 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 08551534 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08551534 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 08551534 frs-bus:SmallEntities 2023-06-01 2024-05-31 08551534 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08551534 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08551534 frs-bus:Director1 2023-06-01 2024-05-31 08551534 frs-countries:EnglandWales 2023-06-01 2024-05-31 08551534 2022-05-31 08551534 2023-05-31 08551534 2022-06-01 2023-05-31 08551534 frs-core:CurrentFinancialInstruments 2023-05-31 08551534 frs-core:Non-currentFinancialInstruments 2023-05-31 08551534 frs-core:ShareCapital 2023-05-31 08551534 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 08551534
G C Trading ( UK) Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
S & T Accountancy Ltd
52A Spring Grove Road
Hounslow
Middlesex
TW3 4BN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08551534
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 704 704
704 704
CURRENT ASSETS
Stocks 5 13,620 24,060
Debtors 6 4,154 5,100
Cash at bank and in hand 4,397 1,722
22,171 30,882
Creditors: Amounts Falling Due Within One Year 7 (1,543 ) (1,621 )
NET CURRENT ASSETS (LIABILITIES) 20,628 29,261
TOTAL ASSETS LESS CURRENT LIABILITIES 21,332 29,965
Creditors: Amounts Falling Due After More Than One Year 8 (24,516 ) (28,167 )
NET (LIABILITIES)/ASSETS (3,184 ) 1,798
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (3,185 ) 1,797
SHAREHOLDERS' FUNDS (3,184) 1,798
Page 1
Page 2
For the year 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Bhamini Viralkumar Patel
Director
28/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
G C Trading ( UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08551534 . The registered office is 146 Uxbridge Road, Hayes, Middlesex, UB4 0JH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 10% on straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 1,556
As at 31 May 2024 1,556
Depreciation
As at 1 June 2023 852
As at 31 May 2024 852
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 May 2024 704
As at 1 June 2023 704
5. Stocks
2024 2023
£ £
Finished goods 13,620 24,060
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 4,154 5,100
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
VAT 523 621
Other creditors 500 1,000
Director's loan account 520 -
1,543 1,621
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 24,516 28,167
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid - 8,800
Page 4