GF QUICK DROP LIMITED

Company Registration Number:
10270475 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 August 2023

End date: 31 October 2024

GF QUICK DROP LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

GF QUICK DROP LIMITED

Company Information

for the Period Ended 31 October 2024




Director: Mr Abraham Haile
Mr Gary Robert Fisk
Secretary: Mrs Giro Fisk
Registered office: Suite - 4,
142 Lodge Road
Southampton
Hants
England
SO14 6QR
Company Registration Number: 10270475 (England and Wales)

GF QUICK DROP LIMITED

Directors' Report Period Ended 31 October 2024

The directors present their report with the financial statements of the company for the period ended 31 October 2024

Principal Activities

The company's principal activity during the period was the taxi operations.

Company policy on the employment of disabled persons

The company policy is to employ disabled people wherever practical.

Additional information

Mr Gary Robert Fisk hold 83% of the issued share capital and is deem the ultimate controlling party.

Directors

The director(s) shown below were appointed to the company during the period
Mr Abraham Haile
04 September 2024

The director(s) shown below resigned during the period
Mr Gary Robert Fisk
05 September 2024

Secretary
Mrs Giro Fisk

This report was approved by the board of directors on 17 January 2025
And Signed On Behalf Of The Board By:

Name: Mr Abraham Haile
Status: Director

GF QUICK DROP LIMITED

Balance sheet

As at 31 October 2024


Notes
15 months to
31 Oct 2024
£

2023
£
Fixed assets
Tangible assets: 4 0 437
Total fixed assets: 0 437
Current assets
Debtors: 5 90 1,194
Cash at bank and in hand: 1,625 990
Total current assets: 1,715 2,184
Creditors: amounts falling due within one year: 6 ( 1,585 ) ( 2,390 )
Net current assets (liabilities): 130 ( 206 )
Total assets less current liabilities: 130 231
Total net assets (liabilities): 130 231

The notes form part of these financial statements

GF QUICK DROP LIMITED

Balance sheet continued

As at 31 October 2024


Notes
15 months to
31 Oct 2024
£

2023
£
Capital and reserves
Called up share capital: 120 120
Profit and loss account: 10 111
Shareholders funds: 130 231

For the year ending 31 October 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 17 January 2025
And Signed On Behalf Of The Board By:

Name: Mr Abraham Haile
Status: Director

The notes form part of these financial statements

GF QUICK DROP LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied
    during the period, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Tools and equipment/Pant and Machinery: 20% Reducing balance
    Office Equipment: 33% Reducing balance
    Office Furniture: 20% Reducing balance
    Fixtures and Fittings: 15% Reducing balance
    Motor Vehicles: 25% Reducing balance

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over
    their estimated useful economic lives, not to exceed five years.

    Valuation information and policy

    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
    items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

GF QUICK DROP LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    15 months to
    31 Oct 2024

    2023
    Average number of employees during the period 2 2

GF QUICK DROP LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 3. Off balance sheet disclosure

    No

GF QUICK DROP LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Tangible assets

Office equipment Total
Cost £ £
At 01 August 2023 2,078 2,078
Additions - -
Disposals ( 2,078 ) ( 2,078 )
Revaluations - -
Transfers - -
At 31 October 2024 0 0
Depreciation
At 01 August 2023 1,641 1,641
Charge for year 191 191
On disposals ( 1,832 ) ( 1,832 )
Other adjustments - -
At 31 October 2024 0 0
Net book value
At 31 October 2024 0 0
At 31 July 2023 437 437

GF QUICK DROP LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Debtors

15 months to
31 Oct 2024
£

2023
£
Trade debtors 1,194
Other debtors 90
Total 90 1,194

GF QUICK DROP LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

6.Creditors: amounts falling due within one year note

15 months to
31 Oct 2024
£

2023
£
Taxation and social security 870 860
Accruals and deferred income 715 1,485
Other creditors 45
Total 1,585 2,390