IRIS Accounts Production v24.3.2.46 09164393 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091643932023-08-31091643932024-08-31091643932023-09-012024-08-31091643932022-08-31091643932022-09-012023-08-31091643932023-08-3109164393ns15:EnglandWales2023-09-012024-08-3109164393ns14:PoundSterling2023-09-012024-08-3109164393ns10:Director12023-09-012024-08-3109164393ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3109164393ns10:SmallEntities2023-09-012024-08-3109164393ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3109164393ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3109164393ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3109164393ns10:FullAccounts2023-09-012024-08-310916439312023-09-012024-08-3109164393ns10:OrdinaryShareClass12023-09-012024-08-3109164393ns10:Director22023-09-012024-08-3109164393ns10:RegisteredOffice2023-09-012024-08-3109164393ns5:CurrentFinancialInstruments2024-08-3109164393ns5:CurrentFinancialInstruments2023-08-3109164393ns5:Non-currentFinancialInstruments2024-08-3109164393ns5:Non-currentFinancialInstruments2023-08-3109164393ns5:ShareCapital2024-08-3109164393ns5:ShareCapital2023-08-3109164393ns5:RetainedEarningsAccumulatedLosses2024-08-3109164393ns5:RetainedEarningsAccumulatedLosses2023-08-3109164393ns5:NetGoodwill2023-09-012024-08-3109164393ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3109164393ns5:PlantMachinery2023-09-012024-08-3109164393ns5:ComputerEquipment2023-09-012024-08-3109164393ns5:NetGoodwill2023-08-3109164393ns5:NetGoodwill2024-08-3109164393ns5:NetGoodwill2023-08-3109164393ns5:PlantMachinery2023-08-3109164393ns5:ComputerEquipment2023-08-3109164393ns5:PlantMachinery2024-08-3109164393ns5:ComputerEquipment2024-08-3109164393ns5:PlantMachinery2023-08-3109164393ns5:ComputerEquipment2023-08-3109164393ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3109164393ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3109164393ns10:OrdinaryShareClass12024-08-31
REGISTERED NUMBER: 09164393 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

GNC 1992 Limited

GNC 1992 Limited (Registered number: 09164393)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GNC 1992 Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: G North
M North





REGISTERED OFFICE: 2 Clifton Moor Business Village
James Nicolson Link
York
North Yorkshire
YO30 4XG





REGISTERED NUMBER: 09164393 (England and Wales)





ACCOUNTANTS: Beckingtons
2 Clifton Moor Business
Village
James Nicolson Link
York
North Yorkshire
YO30 4XG

GNC 1992 Limited (Registered number: 09164393)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,979 13,016
10,979 13,016

CURRENT ASSETS
Stocks 9,750 9,975
Debtors 6 575 682
Cash at bank 17,472 23,601
27,797 34,258
CREDITORS
Amounts falling due within one year 7 173,509 172,909
NET CURRENT LIABILITIES (145,712 ) (138,651 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(134,733

)

(125,635

)

CREDITORS
Amounts falling due after more than one year 8 8,333 18,333
NET LIABILITIES (143,066 ) (143,968 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (143,068 ) (143,970 )
SHAREHOLDERS' FUNDS (143,066 ) (143,968 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

GNC 1992 Limited (Registered number: 09164393)

Balance Sheet - continued
31 August 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 14 March 2025 and were signed on its behalf by:





G North - Director


GNC 1992 Limited (Registered number: 09164393)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

GNC 1992 Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 20,000
AMORTISATION
At 1 September 2023
and 31 August 2024 20,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

GNC 1992 Limited (Registered number: 09164393)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 September 2023 38,216 4,665 42,881
Additions 1,230 393 1,623
At 31 August 2024 39,446 5,058 44,504
DEPRECIATION
At 1 September 2023 26,116 3,749 29,865
Charge for year 3,333 327 3,660
At 31 August 2024 29,449 4,076 33,525
NET BOOK VALUE
At 31 August 2024 9,997 982 10,979
At 31 August 2023 12,100 916 13,016

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 575 680
Other debtors - 2
575 682

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 2,540 1,407
Taxation and social security 357 1,307
Other creditors 160,612 160,195
173,509 172,909

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 8,333 18,333

GNC 1992 Limited (Registered number: 09164393)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2 Ordinary £1 2 2