IRIS Accounts Production v25.1.0.734 10133742 director 29.4.23 28.4.24 28.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh101337422023-04-28101337422024-04-28101337422023-04-292024-04-28101337422022-04-29101337422022-04-302023-04-28101337422023-04-2810133742ns15:EnglandWales2023-04-292024-04-2810133742ns14:PoundSterling2023-04-292024-04-2810133742ns10:Director12023-04-292024-04-2810133742ns10:PrivateLimitedCompanyLtd2023-04-292024-04-2810133742ns10:SmallEntities2023-04-292024-04-2810133742ns10:AuditExempt-NoAccountantsReport2023-04-292024-04-2810133742ns10:SmallCompaniesRegimeForDirectorsReport2023-04-292024-04-2810133742ns10:SmallCompaniesRegimeForAccounts2023-04-292024-04-2810133742ns10:FullAccounts2023-04-292024-04-2810133742ns10:OrdinaryShareClass12023-04-292024-04-2810133742ns10:RegisteredOffice2023-04-292024-04-2810133742ns5:CurrentFinancialInstruments2024-04-2810133742ns5:CurrentFinancialInstruments2023-04-2810133742ns5:Non-currentFinancialInstruments2024-04-2810133742ns5:Non-currentFinancialInstruments2023-04-2810133742ns5:ShareCapital2024-04-2810133742ns5:ShareCapital2023-04-2810133742ns5:RetainedEarningsAccumulatedLosses2024-04-2810133742ns5:RetainedEarningsAccumulatedLosses2023-04-2810133742ns5:PlantMachinery2023-04-2810133742ns5:FurnitureFittings2023-04-2810133742ns5:MotorVehicles2023-04-2810133742ns5:ComputerEquipment2023-04-2810133742ns5:PlantMachinery2023-04-292024-04-2810133742ns5:FurnitureFittings2023-04-292024-04-2810133742ns5:MotorVehicles2023-04-292024-04-2810133742ns5:ComputerEquipment2023-04-292024-04-2810133742ns5:PlantMachinery2024-04-2810133742ns5:FurnitureFittings2024-04-2810133742ns5:MotorVehicles2024-04-2810133742ns5:ComputerEquipment2024-04-2810133742ns5:PlantMachinery2023-04-2810133742ns5:FurnitureFittings2023-04-2810133742ns5:MotorVehicles2023-04-2810133742ns5:ComputerEquipment2023-04-2810133742ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-2810133742ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-2810133742ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-04-2810133742ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-04-2810133742ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-04-2810133742ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-04-2810133742ns5:DeferredTaxation2023-04-2810133742ns5:DeferredTaxation2023-04-292024-04-2810133742ns5:DeferredTaxation2024-04-2810133742ns10:OrdinaryShareClass12024-04-28
REGISTERED NUMBER: 10133742 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 APRIL 2024

FOR

G G DISTRIBUTION LIMITED

G G DISTRIBUTION LIMITED (REGISTERED NUMBER: 10133742)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 APRIL 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


G G DISTRIBUTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 APRIL 2024







DIRECTOR: Mr G W S Galbraith





REGISTERED OFFICE: Under Peak Farm
Edale
Hope Valley
Derbyshire
S33 7ZA





REGISTERED NUMBER: 10133742 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

G G DISTRIBUTION LIMITED (REGISTERED NUMBER: 10133742)

STATEMENT OF FINANCIAL POSITION
28 APRIL 2024

28.4.24 28.4.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 138,222 152,778

CURRENT ASSETS
Stocks 5 12,000 10,000
Debtors 6 2,559 18,695
Cash at bank and in hand 3,034 1,724
17,593 30,419
CREDITORS
Amounts falling due within one year 7 742,036 670,302
NET CURRENT LIABILITIES (724,443 ) (639,883 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(586,221

)

(487,105

)

CREDITORS
Amounts falling due after more than one year 8 (101,553 ) (108,782 )

PROVISIONS FOR LIABILITIES 10 (34,555 ) (29,028 )
NET LIABILITIES (722,329 ) (624,915 )

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings (722,330 ) (624,916 )
SHAREHOLDERS' FUNDS (722,329 ) (624,915 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

G G DISTRIBUTION LIMITED (REGISTERED NUMBER: 10133742)

STATEMENT OF FINANCIAL POSITION - continued
28 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2025 and were signed by:





Mr G W S Galbraith - Director


G G DISTRIBUTION LIMITED (REGISTERED NUMBER: 10133742)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 APRIL 2024


1. STATUTORY INFORMATION

G G Distribution 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.

GOING CONCERN
The accounts show total net liabilities as at the balance sheet date. The accounts have been prepared on a going concern basis as the directors and shareholders have agreed to provide such funding as necessary to enable the company to continue to trade.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost
Furniture & Fixtures - 15% on cost

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

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


G G DISTRIBUTION LIMITED (REGISTERED NUMBER: 10133742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 APRIL 2024


2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 29 April 2023 181,179 766 60,703 8,624 251,272
Additions 43,858 - - - 43,858
Disposals - - (15,545 ) - (15,545 )
At 28 April 2024 225,037 766 45,158 8,624 279,585
Depreciation
At 29 April 2023 52,983 230 36,821 8,460 98,494
Charge for year 42,330 115 2,692 164 45,301
Eliminated on disposal - - (2,432 ) - (2,432 )
At 28 April 2024 95,313 345 37,081 8,624 141,363
Net book value
At 28 April 2024 129,724 421 8,077 - 138,222
At 28 April 2023 128,196 536 23,882 164 152,778

G G DISTRIBUTION LIMITED (REGISTERED NUMBER: 10133742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 APRIL 2024


5. STOCKS
28.4.24 28.4.23
£    £   
Finished goods 12,000 10,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.4.24 28.4.23
£    £   
Trade debtors 91 -
Other debtors 2,468 18,695
2,559 18,695

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.4.24 28.4.23
£    £   
Bank loans and overdrafts (see note 9) 30,047 30,037
Trade creditors 106,270 88,146
Taxation and social security 4,854 -
Other creditors 600,865 552,119
742,036 670,302

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.4.24 28.4.23
£    £   
Bank loans (see note 9) 27,553 34,782
Other creditors 74,000 74,000
101,553 108,782

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 74,000 74,000

G G DISTRIBUTION LIMITED (REGISTERED NUMBER: 10133742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 APRIL 2024


9. LOANS

An analysis of the maturity of loans is given below:

28.4.24 28.4.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 20,047 20,037
Bank loans 10,000 10,000
30,047 30,037

Amounts falling due between two and five years:
Bank loans - 2-5 years 27,553 34,782

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 74,000 74,000

10. PROVISIONS FOR LIABILITIES
28.4.24 28.4.23
£    £   
Deferred tax 34,555 29,028

Deferred
tax
£   
Balance at 29 April 2023 29,028
Provided during year 5,527
Balance at 28 April 2024 34,555

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.4.24 28.4.23
value: £    £   
1 Ordinary £1 1 1