2023-09-302024-09-292024-09-29false09225625GXC FINANCE 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GXC FINANCE LIMITED

Registered Number
09225625
(England and Wales)

Unaudited Financial Statements for the Year ended
29 September 2024

GXC FINANCE LIMITED
Company Information
for the year from 30 September 2023 to 29 September 2024

Director

COUTOUKIS, George

Registered Address

Grove House
2 Woodberry Grove
London
N12 0DR

Registered Number

09225625 (England and Wales)
GXC FINANCE LIMITED
Balance Sheet as at
29 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,9454,667
3,9454,667
Current assets
Debtors54,90651,692
Cash at bank and on hand1,974209
56,88051,901
Creditors amounts falling due within one year4(46,529)(44,827)
Net current assets (liabilities)10,3517,074
Total assets less current liabilities14,29611,741
Creditors amounts falling due after one year(13,761)(16,829)
Net assets535(5,088)
Capital and reserves
Called up share capital200200
Profit and loss account335(5,288)
Shareholders' funds535(5,088)
The financial statements were approved and authorised for issue by the Director on 17 June 2025, and are signed on its behalf by:
COUTOUKIS, George
Director
Registered Company No. 09225625
GXC FINANCE LIMITED
Notes to the Financial Statements
for the year ended 29 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 30 September 238,127
At 29 September 248,127
Depreciation and impairment
At 30 September 233,460
Charge for year722
At 29 September 244,182
Net book value
At 29 September 243,945
At 29 September 234,667
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables3737
Bank borrowings and overdrafts25,11525,006
Taxation and social security21,21219,269
Other creditors-515
Accrued liabilities and deferred income165-
Total46,52944,827
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.