GSF DEVELOPMENTS LIMITED

Company Registration Number:
10203102 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

GSF DEVELOPMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

GSF DEVELOPMENTS LIMITED

Company Information

for the Period Ended 30 June 2024




Director: Charles Alexander Fraulo
Registered office: 29
29 Stone Manor
Bisley Road
Stroud
England
GL5 1JD
Company Registration Number: 10203102 (England and Wales)

GSF DEVELOPMENTS LIMITED

Directors' Report Period Ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal Activities

The company engages in the wholesale of soft beverages such as juices, mineral water, and soft drinks, as well as vegetables, groceries, meat, spices, and other intermediate products.

Company policy on the employment of disabled persons

The company is committed to providing equal employment opportunities and a supportive work environment for employees with disabilities.

Directors

The directors shown below have held office during the whole of the period from 01 July 2023 to 30 June 2024
Charles Alexander Fraulo

This report was approved by the board of directors on 25 March 2025
And Signed On Behalf Of The Board By:

Name: Charles Alexander Fraulo
Status: Director

GSF DEVELOPMENTS LIMITED

Profit and Loss Account

for the Period Ended 30 June 2024


Notes

2024
£

2023
£
Turnover 10,152,172 4,790,221
Cost of sales ( 4,478,920 ) ( 3,386,962 )
Gross Profit or (Loss) 5,673,252 1,403,259
Distribution Costs ( 1,198,506 ) ( 898,115 )
Administrative Expenses ( 784,556 ) ( 488,179 )
Operating Profit or (Loss) 3,690,190 16,965
Profit or (Loss) Before Tax 3,690,190 16,965
Tax on Profit ( 972,552 ) ( 4,241 )
Profit or (Loss) for Period 2,717,638 12,724

The notes form part of these financial statements

GSF DEVELOPMENTS LIMITED

Balance sheet

As at 30 June 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 724,204 680
Total fixed assets: 724,204 680
Current assets
Stocks: 387,644
Debtors: 5 21,309 37,675
Cash at bank and in hand: 1,481,772
Total current assets: 1,890,725 37,675
Prepayments and accrued income: 150,993
Creditors: amounts falling due within one year: 6 ( 48,184 ) ( 25,531 )
Net current assets (liabilities): 1,993,534 12,144
Total assets less current liabilities: 2,717,738 12,824
Total net assets (liabilities): 2,717,738 12,824

The notes form part of these financial statements

GSF DEVELOPMENTS LIMITED

Balance sheet continued

As at 30 June 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,717,638 12,724
Shareholders funds: 2,717,738 12,824

For the year ending 30 June 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.

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

This report was approved by the board of directors on 25 March 2025
And Signed On Behalf Of The Board By:

Name: Charles Alexander Fraulo
Status: Director

The notes form part of these financial statements

GSF DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discount rebates, value added tax (VAT) and other fees.

    Tangible fixed assets depreciation policy

    Depreciation is recorded at the following annual rates to write off each asset over its estimated useful life: Machinery & Equipment (15% on reducing balance). Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognized in profit or loss.

    Valuation information and policy

    The company adopts a fair value approach to valuing its assets and liabilities. This approach ensures that assets and liabilities are recorded at their estimated fair market values, providing a more accurate reflection of the company's financial position. The valuation process is conducted by qualified professionals using appropriate valuation methodologies and considering relevant market data and industry practices. Regular reviews and updates of valuations are performed to maintain accuracy and relevance.

    Other accounting policies

    Deferred tax is recognized in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognized 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 recognized 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.

GSF DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 7 1

GSF DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 3. Off balance sheet disclosure

    No

GSF DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible assets

Plant & machinery Fixtures & fittings Office equipment Total
Cost £ £ £ £
At 01 July 2023 - 680 - 680
Additions 533,000 105,000 88,500 726,500
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 30 June 2024 533,000 105,680 88,500 727,180
Depreciation
At 01 July 2023 - - - -
Charge for year 1,783 679 514 2,976
On disposals - - - -
Other adjustments - - - -
At 30 June 2024 1,783 679 514 2,976
Net book value
At 30 June 2024 531,217 105,001 87,986 724,204
At 30 June 2023 - 680 - 680

GSF DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Debtors


2024
£

2023
£
Trade debtors 21,309 37,675
Total 21,309 37,675

Debtors amounts represent amounts due from our customers for facilities provided on credit, prepayments for services and receivables. As of 30 June 2024, debtors totaled at £21,309. Management is confident of recovering these amounts in the coming months.

GSF DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 48,184 25,531
Total 48,184 25,531

Creditors represent the amount due to suppliers for services gained on deferred payment. As of 30 June 2024, creditors totaled £ 48,184. The amount is to be settled in a period of 90 days.