GCL DIRECT LIMITED | |
UNAUDITED FINANCIAL STATEMENTS | |
FOR THE YEAR ENDED 30 JUNE 2024 | |
GCL DIRECT LIMITED | |||
FINANCIAL STATEMENTS | |||
FOR THE YEAR ENDED 30 JUNE 2024 | |||
DIRECTOR | |||
G Crowder | |||
SECRETARY | |||
L M Callaghan | |||
REGISTERED OFFICE | |||
78 Birmingham Street Oldbury Warley West Midlands B69 4EB |
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COMPANY REGISTERED NUMBER | |||
03147423 | |||
BANKERS | |||
Bank of Scotland 59 Bath Street Glasgow G2 2DH |
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ACCOUNTANTS | |||
Lyness Accountancy Practice Limited | |||
Chartered Certified Accountants | |||
78 Birmingham Street Oldbury Warley West Midlands B69 4EB |
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page 1 | |
GCL DIRECT LIMITED | |||
FINANCIAL STATEMENTS | |||
FOR THE YEAR ENDED 30 JUNE 2024 | |||
CONTENTS | |||
Pages | |||
3-4 | Statement of Financial Position | ||
5-8 | Notes to the Financial Statements | ||
page 2 | |
Company registered number: |
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STATEMENT OF FINANCIAL POSITION AT |
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Note | 2024 | 2023 | |||
£ | £ | £ | |||
FIXED ASSETS | |||||
Investments held as fixed assets | 4 | ||||
CURRENT ASSETS | |||||
Debtors | 5 | ( |
( |
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Cash at bank and in hand | |||||
( |
( |
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CREDITORS: Amounts falling due within one year | 6 | ||||
NET CURRENT LIABILITIES | ( |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
( |
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CREDITORS: Amounts falling due after more than one year | 7 | ( |
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NET LIABILITIES | (£ |
(£ |
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CAPITAL AND RESERVES | |||||
Called up share capital | |||||
Retained earnings | ( |
( |
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SHAREHOLDERS' FUNDS | (£ |
(£ |
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The notes on pages 5-8 form part of these financial statements | |
page 3 | |
Company registered number: |
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STATEMENT OF FINANCIAL POSITION AT |
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Note | 2024 | 2023 | |||
£ | £ | £ |
In approving these financial statements as director of the company I hereby confirm the following: | |||
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. | |||
The financial statements were approved and authorised for issue by the board of directors on |
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Signed on behalf of the board of directors | |||
The notes on pages 5-8 form part of these financial statements | |
page 4 | |
GCL DIRECT LIMITED | |||
NOTES TO THE ACCOUNTS | |||
FOR THE YEAR ENDED 30 JUNE 2024 |
1. | SIGNIFICANT ACCOUNTING POLICIES | ||
1a. | Statement of compliance | |||
Registered office: | ||||
Oldbury Warley West Midlands B69 4EB |
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1b. | Basis of accounting | |||
1c. | Revenue recognition | |||
1d. | Taxation | |||
1e. | Short term debtors and creditors | |||
1f. | Cash and cash equivalents | |||
The notes on pages 5-8 form part of these financial statements | |
page 5 | |
GCL DIRECT LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 30 JUNE 2024 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1g. | Interest bearing borrowings | |||
1h. | Leased assets | |||
1i. | Foreign currencies | |||
1j. | Employee benefits | |||
2. | DIRECTORS AND EMPLOYEES | ||
The average weekly number of employees during the year were as follows: | |||
2024 | 2023 | ||
No. | No. | ||
Average number of employees | |||
The notes on pages 5-8 form part of these financial statements | |
page 6 | |
GCL DIRECT LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 30 JUNE 2024 |
3. | INTANGIBLE FIXED ASSETS | ||
Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 1 July 2023 | |||
At 30 June 2024 | |||
Amortisation | |||
At 1 July 2023 | |||
At 30 June 2024 | |||
Net Book Amounts | |||
At 30 June 2024 | |||
4. | INVESTMENTS HELD AS FIXED ASSETS | ||
Other | |||
loans | Total | ||
£ | £ | ||
Cost or valuation | |||
At 1 July 2023 | |||
At 30 June 2024 | |||
Amounts written off | |||
At 30 June 2024 | |||
Net Book Amounts | |||
At 30 June 2024 | |||
At 30 June 2023 | |||
The notes on pages 5-8 form part of these financial statements | |
page 7 | |
GCL DIRECT LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 30 JUNE 2024 |
5. | DEBTORS | 2024 | 2023 |
£ | £ | ||
Trade debtors | ( |
( |
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Other debtors | |||
(£ |
(£ |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
2024 | 2023 | ||
£ | £ | ||
Factoring facility | 189,137 | 189,137 | |
Finance leases and hire purchase contracts | |||
Trade creditors | |||
Other taxes and social security | |||
Other creditors | |||
Accruals and deferred income | |||
£ |
£ |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR | ||
2024 | 2023 | ||
£ | £ | ||
Finance leases and hire purchase contracts | |||
£ |
£ |
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Analysis of borrowings: | |||
Due within five years: | |||
within 1 year | |||
leases | |||
other | |||
within 2-5 years | |||
leases | |||
£189,137 | £199,137 | ||
The notes on pages 5-8 form part of these financial statements | |
page 8 |