GREAT BRITISH COLLECTIONS LTD

Company Registration Number:
08541059 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

GREAT BRITISH COLLECTIONS LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

GREAT BRITISH COLLECTIONS LTD

Company Information

for the Period Ended 31 May 2024




Registered office: 155
Praed Street
London
England
W2 1RL
Company Registration Number: 08541059 (England and Wales)

GREAT BRITISH COLLECTIONS LTD

Profit and Loss Account

for the Period Ended 31 May 2024


Notes

2024
£

2023
£
Turnover 1,874,237 1,882,914
Cost of sales ( 931,916 ) ( 1,127,321 )
Gross Profit or (Loss) 942,321 755,593
Administrative Expenses ( 923,823 ) ( 745,152 )
Operating Profit or (Loss) 18,498 10,441
Profit or (Loss) Before Tax 18,498 10,441
Profit or (Loss) for Period 18,498 10,441

The notes form part of these financial statements

GREAT BRITISH COLLECTIONS LTD

Balance sheet

As at 31 May 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 407,500 407,500
Total fixed assets: 407,500 407,500
Current assets
Stocks: 92,164 55,817
Cash at bank and in hand: 59,197 110,531
Total current assets: 151,361 166,348
Creditors: amounts falling due within one year: 5 ( 139,363 ) ( 162,407 )
Net current assets (liabilities): 11,998 3,941
Total assets less current liabilities: 419,498 411,441
Creditors: amounts falling due after more than one year: 6 ( 400,000 ) ( 400,000 )
Total net assets (liabilities): 19,498 11,441

The notes form part of these financial statements

GREAT BRITISH COLLECTIONS LTD

Balance sheet continued

As at 31 May 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 18,498 10,441
Shareholders funds: 19,498 11,441

For the year ending 31 May 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 1 February 2025
And Signed On Behalf Of The Board By:

Name: M ASIF
Status: Director

The notes form part of these financial statements

GREAT BRITISH COLLECTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 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

GREAT BRITISH COLLECTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 9 9

GREAT BRITISH COLLECTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 3. Off balance sheet disclosure

    No

GREAT BRITISH COLLECTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 June 2023 407,500 407,500
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 May 2024 407,500 407,500
Depreciation
At 01 June 2023 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 31 May 2024 - -
Net book value
At 31 May 2024 407,500 407,500
At 31 May 2023 407,500 407,500

GREAT BRITISH COLLECTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 135,664 157,535
Taxation and social security 3,699 4,872
Total 139,363 162,407

GREAT BRITISH COLLECTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

6.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 400,000 400,000
Total 400,000 400,000