GG PETRO LTD

Company Registration Number:
12106415 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

GG PETRO LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

GG PETRO LTD

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 350,000 350,000
Tangible assets: 4 591,114 561,897
Total fixed assets: 941,114 911,897
Current assets
Stocks: 152,760 149,400
Debtors:   190,820 165,820
Cash at bank and in hand: 659,228 734,128
Total current assets: 1,002,808 1,049,348
Creditors: amounts falling due within one year: 5 (169,060) (195,657)
Net current assets (liabilities): 833,748 853,691
Total assets less current liabilities: 1,774,862 1,765,588
Creditors: amounts falling due after more than one year: 6 (1,717,286) (1,762,119)
Total net assets (liabilities): 57,576 3,469
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 57,574 3,467
Shareholders funds: 57,576 3,469

The notes form part of these financial statements

GG PETRO LTD

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 April 2025
and signed on behalf of the board by:

Name: Gunanayagam Girupharan
Status: Director

The notes form part of these financial statements

GG PETRO LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GG PETRO LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 11 11

GG PETRO LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Intangible Assets

Total
Cost £
At 01 August 2023 350,000
At 31 July 2024 350,000
Net book value
At 31 July 2024 350,000
At 31 July 2023 350,000

GG PETRO LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible Assets

Total
Cost £
At 01 August 2023 624,830
Additions 48,568
At 31 July 2024 673,398
Depreciation
At 01 August 2023 62,933
Charge for year 19,351
At 31 July 2024 82,284
Net book value
At 31 July 2024 591,114
At 31 July 2023 561,897

GG PETRO LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

UK corporation tax 31,735 VAT 17,291 PAYE control 5,565 Salaries and wages control 11,092 Trade creditors 103,377

GG PETRO LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due after more than one year note

Bank loans >1yr 180,288 Loans >1yr 18,980 Director Loan Account 1,229,561 Loans >1yr 288,457