G & C Design (Packaging) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03685121

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		171,996		173,234

			171,996		173,234
CURRENT ASSETS
Stocks	5	1,000		1,200
Debtors	6	55,891		53,735
Cash at bank and in hand		70,493		76,141

		127,384		131,076
Creditors: Amounts Falling Due Within One Year	7	(176,832 )		(192,780 )

NET CURRENT ASSETS (LIABILITIES)			(49,448 )		(61,704 )

TOTAL ASSETS LESS CURRENT LIABILITIES			122,548		111,530

Creditors: Amounts Falling Due After More Than One Year	8		(78,283 )		(85,982 )

NET ASSETS			44,265		25,548

CAPITAL AND RESERVES
Called up share capital	10		105		105
Profit and Loss Account			44,160		25,443

SHAREHOLDERS' FUNDS			44,265		25,548

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G & C Design (Packaging) Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit 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.

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.

The financial statements were approved by the board of directors on 26 March 2025 and were signed on its behalf by:

Mr Stephen Harvey

Director

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

G & C Design (Packaging) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03685121 . The registered office is Damer House, Meadow Way, Wickford, Essex, SS12 9HA.

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, excluding discounts, rebates, value added taxes, and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and 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:

Freehold	No depreciation provided
Plant & Machinery	20% Straight Line

No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors undertake an annual impairment review of these properties.

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.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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G & C Design (Packaging) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation

Taxation represents the sum of the tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

The average number of employees, including directors, during the year was as follows: 4 (2023: 4)

4. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 January 2024	167,473	105,014	272,487
Additions	-	2,748	2,748
Disposals	-	(42,776 )	(42,776 )

As at 31 December 2024	167,473	64,986	232,459

Depreciation
As at 1 January 2024	-	99,253	99,253
Provided during the period	-	2,882	2,882
Disposals	-	(41,672 )	(41,672 )

As at 31 December 2024	-	60,463	60,463

Net Book Value
As at 31 December 2024	167,473	4,523	171,996

As at 1 January 2024	167,473	5,761	173,234

5. Stocks

	2024	2023
	£	£
Finished goods	1,000	1,200

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G & C Design (Packaging) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	55,303	51,035
Other debtors	588	2,700

	55,891	53,735

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	842	297
Bank loans and overdrafts	7,701	7,701
Other creditors	147,772	163,172
Taxation and social security	20,517	21,610

	176,832	192,780

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans and overdrafts	78,283	85,982

9. Secured Creditors

Of the creditors the following amounts are secured.

	2024		2023
	£		£
Bank loans and overdrafts	-		93,684

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	105	105

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