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REGISTERED NUMBER: 02551398 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Great Prospects International Ltd

Great Prospects International Ltd (Registered number: 02551398)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Great Prospects International Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: L W McCann
Mrs A L McCann





SECRETARY: L W McCann





REGISTERED OFFICE: Blue House Farm Office
Brentwood Road
West Horndon
Essex
CM13 3LX





REGISTERED NUMBER: 02551398 (England and Wales)





ACCOUNTANTS: The Randall's Partnership Ltd
Chartered Accountants
Blue House Farm Office
Brentwood Road
West Horndon
Essex
CM13 3LX

Great Prospects International Ltd (Registered number: 02551398)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,796 2,062

CURRENT ASSETS
Cash at bank 605 52

CREDITORS
Amounts falling due within one year 5 58,535 55,001
NET CURRENT LIABILITIES (57,930 ) (54,949 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,134

)

(52,887

)

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings (56,534 ) (53,287 )
SHAREHOLDERS' FUNDS (56,134 ) (52,887 )

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

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

Great Prospects International Ltd (Registered number: 02551398)

Balance Sheet - continued
31 December 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 16 April 2025 and were signed on its behalf by:





L W McCann - Director


Great Prospects International Ltd (Registered number: 02551398)

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

1. STATUTORY INFORMATION

Great Prospects International Ltd 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 represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

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
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 8,737 14,985 3,944 27,666
DEPRECIATION
At 1 January 2024 8,737 14,985 1,882 25,604
Charge for year - - 266 266
At 31 December 2024 8,737 14,985 2,148 25,870
NET BOOK VALUE
At 31 December 2024 - - 1,796 1,796
At 31 December 2023 - - 2,062 2,062

Great Prospects International Ltd (Registered number: 02551398)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 752 265
Other creditors 37,710 37,403
Directors' current accounts 17,806 15,706
Accrued expenses 2,267 1,627
58,535 55,001